Professional engagement guide (PEG)

An essential resource for performing high-quality, cost-effective assurance, and compilation and compliance engagements for small and medium-sized entities, the PEG provides valuable guidance to help practitioners consistently apply the professional standards.

Annual Internet Subscription: Office Licence (5 users) |  Item # 50060612 |  Member $395, Non Member $430
Annual Internet subscription (5 users) |  Item # 90060 |  Member $595, Non Member $650

Prices may change without notice.

Purchase Now

The Professional Engagement Guide (PEG) provides comprehensive, practical step-by-step guidance to help you and your staff perform assurance and compilation engagements relating primarily to small and medium-sized entities.

The PEG will help you:

  • conduct high-quality, cost-effective small and medium-sized entity assurance and compilation engagements in compliance with professional standards
  • inform, educate and train professional accountants and students
  • better serve the public interest.

What’s included

PEG delivers:

  • step-by-step approaches to completing audit, review and compilation engagements that address the key requirements and concepts in the professional standards
  • practical guidance and illustrations that will help you comply with the Canadian Auditing Standards (CAS) and Other Canadian Standards (OCS) in the CPA Canada Handbook – Assurance
  • illustrative case studies (including detailed sample completed forms) outlining how the elements of the audit and review process can be documented in practice
  • customizable engagement forms, checklists and sample letters in Word or Excel format to help you ensure engagement completeness and consistency in your work
  • PDFs of the publications:
    • Model Financial Statements – Private Enterprises
    • Model Financial Statements – Private sector NFPOs
  • references and links to the relevant standards in the CPA Canada Handbook – Assurance and other CPA Canada publications.
  • a supplementary aid titled A Guide to Other Practice Areas (available only on, which provides guidance on topics such as:
    • advisory guidance and letters on business valuation, management consulting and strategic planning
    • advisory services
    • future oriented financial information (FOFI)
    • Proceeds of Crime (Money Laundering) and Terrorist Financing Act (PCMLTFA)
    • Personal Information Protection and Electronics Document Act (PIPEDA)
    • reports on Supplementary Matters Arising from an Audit or a Review Engagement

Get free access to complementary resources

Receive free and immediate access to invaluable resources that will complement your PEG learning experience. These relevant resources include:

  • Auditor Reporting Guide
  • Audit and Assurance Summary Resource Guide
  • Practitioner's Pulse Webinar - July 2019 (CAS 540, CRA commentary, federal budget update)


Subscribers receive access to the PEG Resource Centre landing page on, which contains valuable links, tools and resources for practitioners.