November 23, 2023
Quality management is the act of overseeing all activities and tasks needed to maintain a desired level of excellence. Read about the new Canadian quality management standards and tools to stay ahead.
November 23, 2023
Quality management is the act of overseeing all activities and tasks needed to maintain a desired level of excellence. Read about the new Canadian quality management standards and tools to stay ahead.
June 16, 2023
The IAASB and AASB have proposed robust changes to going concern standards, including a more vigorous risk assessment and more transparent audit communication. Stay prepared with this blog.
Learn about the temporary WebTrust Seal for qualified reports related to events of an uncontrolled nature (force majeure).
The joint policy statement (JPS) between auditors and actuaries has been updated. Read this updated guide for practical guidance on how auditors and actuaries can work together effectively to complete their respective engagements.
March 29, 2023
Learn about some of the analytics and visualization tools available in the market and what CPAs should consider in the selection process.
February 9, 2023
Canadian Standard on Related Services (CSRS) 4200, Compilation Engagements became effective for compiled financial information for periods ending on or after December 14, 2021. Read on for observations about implementation lessons learned so far.
A new joint policy statement between auditors and actuaries is effective for communications initiated on or after March 31, 2023. Read this alert to learn more about the changes.
January 25, 2023
In a world overloaded with data and evolving stakeholder expectations and requirements, new types of assurance engagements and assurance providers are emerging to enhance confidence in different types of information. Keep reading to learn more.
This event has multiple dates and locations. See event details for more information.
Join members of the Auditing and Assurance Standards Board’s Audit Evidence Advisory Group, who will discuss the major changes being proposed to CAS 500, Audit Evidence.
November 14, 2022
CPA Canada continues to communicate about topics of importance in the emerging crypto-asset industry, in support of high-quality audits. Read this blog to learn about our latest topic on auditing mining revenue.
Read this FAQ to learn about considerations when auditing crypto-asset mining revenue and check out the illustrative examples included in the appendix.
October 11, 2022
Learn about recent global and Canadian developments in sustainability reporting and assurance and the implications for CPAs in public practice, and for their clients.
New quality management standards, both at the firm and engagement levels, could impact all practitioners. Our free guidance materials will help you implement these changes and advise your teams on the desired outcomes.
This is your source for tools and resources to promote awareness, understanding and effective implementation of data analytics in audit.
September 2, 2022
Organizations increasingly rely on IT for internal operations and when engaging with external service providers. Keep reading to learn about auditors’ responsibilities related to their client’s IT environment and the related general information technology controls.
August 5, 2022
Under the revised group audit standard, the approach to planning and performing a group audit has evolved. Learn more about these changes and what tools are available to help practitioners implement the revised standard.
June 21, 2022
Learn about the role of the assurance profession in the rapidly growing and evolving sustainable debt market.
On-Demand Event
Join us for this live discussion with practitioners who will share their experiences to-date in developing a system of quality management and applying the requirements of the new quality management standards.
This event has multiple dates and locations. See event details for more information.
Join us for this webinar featuring presentations from a public company audit regulator, an international standard setter and an audit practitioner on the use of technology in the audit, followed by a live Q&A session.
May 16, 2022
New and revised quality management standards are coming into effect soon. Are you ready?
The issuance of the quality management conforming amendments completes a multi-year project to improve the practitioner’s management of risk and quality on engagements. The quality standards take effect beginning December 2022. Are you ready?
On-Demand Event
Join us for this webinar to hear a representative from the Auditing and Assurance Standards Board (AASB) and practitioners from BDO share key revisions and enhancements to revised CAS 315, as well as tips for implementation.
April 14, 2022
Continuous technological developments are creating risks and opportunities for the audit profession today and into the future. Read this blog for updates on recent activities and to access our suite of helpful resources.
Learn about the components of a system of quality management, what this means for your firm and steps to take to implement the new Canadian Standards on Quality Management.
Help your audit clients understand the key changes in the new risk identification and assessment standard and how these changes affect them.
On-Demand Event
Listen to this webinar to hear representatives from the Auditing and Assurance Standards Board (AASB) and the Canadian Public Accountability Board (CPAB) share their perspectives on the auditor’s responsibilities related to fraud in an audit.
On-Demand Event
The Canadian legalization of recreational cannabis production and consumption has created many opportunities and challenges for CPAs. Equip yourself with the right skills and knowledge to play an active role in this emerging industry.
March 14, 2022
Learn about recent developments in sustainability reporting and assurance and their impact on the Canadian assurance profession.
CPA Canada has compiled an inventory of useful external resources to help you understand and apply the new and revised auditor reporting standards.
February 4, 2022
With increased incidence of fraud amidst today’s environment, does the auditor’s role related to fraud detection need to evolve? Discover revisions being considered to the auditor’s responsibilities relating to fraud and what resources are available.
CAS 315 has been significantly revised to promote a more effective risk identification and assessment. Learn about the changes to the standard and understand how these will impact your audit engagements.
January 18, 2022
Now is the time. Learn about significant revisions to Canadian Auditing Standard (CAS) 315 that promote a more effective risk identification and assessment – your audit depends on it.
Read this comparative summary to obtain a basis for discussions to help clients and potential clients decide what type of compliance engagement is likely to best meet their needs.
November 10, 2021
The Auditing and Assurance Standards Board (AASB) has issued a discussion paper. Learn more about the options being considered.
October 19, 2021
New to using ATT in audits? Wondering how to use ATT appropriately for risk assessment, audit procedures or what to document? Find a summary of recent Canadian and International resources here.
September 15, 2021
In a data- and technology-driven economy, the evolving expectations of stakeholders will dramatically reshape the services CPA auditors are expected to provide. Read on to explore further and learn about upcoming discussions at the symposium.
On-Demand Event
Mary Grace Davenport and Michael Paterson of PwC speak about the fundamentals of artificial intelligence (AI), including how it works, the impact of AI on the audit and role of the auditor, and future opportunities.
Climate change is increasingly front of mind for investors and other stakeholders as its effects are increasingly visible. This alert assists auditors in understanding considerations of climate-related risks in an audit of financial statements.
June 17, 2021
Our roadmap tool can help practitioners identify which standard(s) to use when providing services in accordance with the CPA Canada Handbook — Assurance. This page provides helpful information for using the tool.
This event has multiple dates and locations. See event details for more information.
Learn about the new suite of quality management standards. Listen as the Auditing and Assurance Standards Board (AASB) shares highlights of the new standards as well as considerations for small firms as you prepare for implementation.
Optimize your work as a public practitioner. Explore the latest trends in practice management, advisory services, compilations, tax, technology and more. Offered for free in partnership with Intuit, Sage, and Wolters Kluwer.
Download our handy guide for a summary of CPA Canada's audit and assurance resources, including alerts, briefings, implementation tools, guides and webinars. This non-authoritative guidance covers topics including auditing and assurance standards and audit data analytics.
This practitioner alert raises awareness about the new Canadian standards on quality management. Learn about this new suite of standards comprising CSQM 1, CSQM 2, and CAS 220, and how they impact you.
Learn about changes to your responsibilities for quality management related to this new suite of Canadian standards comprising CSQM 1, CSQM 2, and CAS 220.
May 17, 2021
New quality management standards prioritize proactive management or mitigation of risks at the firm and engagement levels. Learn how these new standards promote a consistent, high-quality performance by practitioners.
Take advantage of this effective resource which provides guidance, templates, and useful links for practitioners in the areas of practice management, advisory, compilations, and tax.
December 3, 2020
Learn how the receipt of government assistance by your clients may impact your engagements this year. This blog shares important reminders and considerations for auditors whose clients have been impacted by these new programs.
October 19, 2020
For many auditors, using automation and analytics is a first step in their digital journey towards an AI-enabled audit. Below are some ways you can get started with using these technologies and more.
September 29, 2020
The revised standard, CAS 540, includes several changes that auditors will need to understand and implement. Josee Delli Colli, CPA, CA, of Richter, discusses how they are implementing these changes during a pandemic, including where scalability may arise.
Your essential resource for performing high quality engagements. Arm yourself with PEG to consistently apply the professional standards, featuring four core areas of support – strategic guidance, step-by-step methodology, relevant case studies and timely practice aids.
Our blog gives you timely, practical, and relevant information that will help you better perform your evolving role as an audit and assurance professional.
Learn about the steps required in order to implement CSRS 4200 and perform compilation engagements.
Help your clients learn about financial statements and the different levels of service a CPA can provide with respect to communications on the financial statements (i.e. audit, review or compilation).
Do you request a compilation or notice to reader (NTR) on financial information? This publication helps third parties understand how changes to the compilation standard will impact them.
January 30, 2020
Svetlana Berger, principal in Auditing and Assurance Standards at CPA Canada, talks about a new standard approved in October 2019, to be issued in February 2020. Learn about the potential impact for practitioners.
Take advantage of our reporting guide, which aims to promote consistency in the form and content of practitioners' reports by providing guidance with respect to commonly occurring reporting circumstances.
October 22, 2019
We sat down with Alex Benay, chief client officer of MindBridge AI and former chief information officer of the Government of Canada ahead of his keynote address at our 2019 Conference for Audit Committees.
The assurance profession needs to evolve in order to address challenges, seize opportunities and lead change in this era of ongoing disruption. Find recommended actions from experts to help advance the value and relevance of audit.
Find out what auditors from nine public accounting firms are saying about their experiences in applying data analytics to their financial statement audit engagements and how others can leverage their insights.
Learn about the changes in the new and revised auditor reporting suite of standards.
Learn about communicating key audit matters in the independent auditor's report.
December 10, 2018
We contacted provincial practice inspectors to find out what they have seen in their inspections of review engagement files. Based on these preliminary observations, here are some reminders for practitioners when applying this new standard.
Learn how members who qualified as a CPA through a route other than public accounting can qualify to practice public accounting post certification.
November 8, 2018
This publication explains recent developments on KPIs and an initiative to enhance their credibility through assurance.
Download our reporting guide, which aims to promote consistency in practitioners' reports by providing guidance for commonly occurring reporting circumstances.
Check out our informative guidance and tools for audit committee members.
Is it time for your audit committee to conduct a comprehensive review of the external auditor? Our tool provides guidance to help you perform an effective review and communicate a well-informed conclusion to the board.
Through effective oversight, audit committees contribute to the audit’s overall quality while safeguarding the external auditor’s independence. Learn more about audit committee responsibilities, as well as activities and best practices to meet those responsibilities.
When an audit committee is not conducting a comprehensive review of the external auditor, it’s still important to conduct an annual assessment. Our helpful tool identifies three factors your audit committees should consider and assess.
This sample case-study of a fictitious entity is based on an actual file completed in accordance with CSRE 2400 using the PEG forms. It’s intended to provide practical guidance to practitioners in applying the standard.
July 18, 2018
Learn about the work of two members of the CPA Canada Audit Data Analytics Committee related to using R to perform entry level ADAs.
Take advantage of this useful step-by-step guide that will help audit committees and management identify relevant AQIs, and understand how they can be used to spark discussions about improving audit quality.
May 22, 2018
The IAASB is initiating a project to explore challenges in auditing small and medium-sized entities (SMEs). Canadian auditors are encouraged to contribute to the consultation paper, expected later this year.
Purchase the CPA Canada Guide to Audit Data Analytics, which is designed to assist and encourage practitioners to make use of technology-based data analytics in the audit of financial statements.
Learn about the WebTrust seal program for Certification Authorities.
January 15, 2018
What is management’s role in the audit process, and can managers do more to influence audit quality? An online survey posed to management generated some interesting insights and best practices.
Learn about Audit Data Analytics (ADA) and sample questions that audit committees might consider asking the auditors of their organizations regarding the use of ADAs.
Find out the results of an important survey commissioned by CPA Canada to understand how Canadian auditors are using ADAs in performing financial statement audits.
On-Demand Event
Participate in this Auditing and Assurance Board (AASB) webinar to learn more about the new auditor reporting standard.
July 7, 2017
To improve the relevance of the audit for investors, should KPIs be subjected to independent assurance in the same way that financial statements are?
Learn about the auditor's responsibilities relating to other information.
What do management and audit committees need to know about the new auditor reporting standards? This FAQ addresses the key concepts and questions relevant to management and audit committees.
June 8, 2017
With Canada’s new audit reporting standards set to go live in 2018, the AASB is working with CPA Canada and others to develop resources to ensure that organizations are well poised for implementation.
May 19, 2017
With the IAASB set to revise its standards on accounting estimates, now’s the time for Canadian auditors to provide input to the AASB on the ISA 540 exposure draft – which promises significant changes.
Learn more about audit data analytics and how you can work with your auditors to promote more frequent and effective use of data analytics in your organization's financial statement audit.
Learn more about audit data analytics and how to engage in productive dialogue with your clients to promote increased use of data analytics into the audits of financial statements.
April 26, 2017
While results from CPAB’s interim report showcase the potential usefulness of audit quality indicators, it will be even more critical to understand how these should be integrated into regular processes.
April 6, 2017
The AASB’s proposed revisions to assurance engagement standards are intended to drive consistency in practice. For practitioners, this may bring significant changes.
Help your client understand what they need to know regarding the new review engagement standard.
March 15, 2017
As countries continue to tailor their audit approaches to address the needs of their SMEs, the IAASB is focused on stakeholder feedback in order to determine its next move on the SME audit.
March 2, 2017
With audit quality high on the agenda for the profession, standard-setters are now paying close attention to improvements required to the existing one-size-fits-all standards approach for SME audits.
Download our handy guide, which aims to help practitioners in conducting review engagements in compliance with Canadian Standard on Review Engagements (CSRE) 2400, Engagements to Review Historical Financial Statements.
September 19, 2016
Should the concept of professional skepticism be extended beyond audit and assurance engagements?
September 2, 2016
The AASB is updating standards dealing with reviews and compilations to align with changes in practice. It’s time to get familiar with these changes and their implications.
Learn about the new Canadian Standard on Review Engagements (CSRE) 2400, which is effective for reviews of financial statements for periods ending on or after December 14, 2017.
Learn the key differences between the requirements in CSRE 2400, Engagements to Review Historical Financial Statements, and those in Section 8100, General Review Standards, and Section 8200, Public Accountant's Review of Financial Statements.
Read this audit data analytics alert to better understand audit data analytics and the drivers, opportunities and hurdles to overcome in integrating more extensive use of data analytics into the audit of financial statements.
As Canada moves toward adoption of international auditor reporting standards, questions about stakeholder collaboration and implementation continue to arise.
Promote a consistent level of quality in your practice that is in accordance with professional standards with the C•PEM Electronic Templates.
Receive detailed direction and guidance for performing effective audit, review and other assurance and compilation engagements for small and medium-sized entities.
A valuable resource for your practice, C•PEM provides a comprehensive road map to performing effective and efficient engagements in Canada.
The C•PEM Forms Walkthroughs are practical videos designed to walk you through the process of filling out the key C•PEM forms step-by-step.
The CPA Canada Standards and Guidance Collection is a complete electronic reference source, providing up-to-date information on accounting and assurance standards, public sector accounting standards, and much more.
The CPA Canada Public Sector Accounting Handbook is your trusted source for public sector standards.
CPA Canada Handbook – Assurance offers valuable guidance to help you meet the professional standards.
Chartered Professional Accountants of Canada (CPA Canada) and the Institute of Chartered Accountants in England and Wales (ICAEW) collaborated in a think-tank session to chart the future of audit and assurance disciplines.
Learn about four key publications that are packed with practical tips and best practices to improve audit committee oversight.
On-Demand Event
There is increasing recognition of the relevance of materiality and risk to a wider scope of assurance engagements. Learn how to reduce the likelihood of not detecting material misstatements.
Strengthen your accounting abilities by leveraging the broad range of high-quality educational materials and opportunities available on the websites of the legacy accounting organizations.
Access high-quality professional development courses and recorded presentations to strengthen your accounting competencies at CPA Learning Centre, a legacy CPA resource that is still available to CPA members.