2019 Professional Engagement Guide (PEG) Update

Professional Engagement Guide (PEG) update It’s that time of year again when the updated PEG checklists are released and your firm templates should be updated.       New Resources Whether you subscribe to Caseware, Jazzit or another third party service provider and use the checklists in their entirely or you customize your firms’ templates … Continue reading “2019 Professional Engagement Guide (PEG) Update”

Audits of Less Complex Entities – Discussion and Challenges

By Andrew Ross / Bridget Noonan One of the biggest challenges we know of for smaller firms, who are not specialized in assurance, is the ability to audit small not-for-profit organizations (NPOs) in a cost effective manner, while still meeting all the requirements as set out by the Canadian Auditing Standards (CASs) which are based … Continue reading “Audits of Less Complex Entities – Discussion and Challenges”

IAASB Project to Explore Audits of Less Complex Entities

In a May 2018 publication, CPA Canada noted that the International Auditing and Assurance Standards Board (“IAASB”) announced that it was initiating a project to explore challenges in auditing small and medium-sized entities (“SME”). A discussion paper on the topic was expected in late 2018; however, it only just arrived in early March. The discussion … Continue reading “IAASB Project to Explore Audits of Less Complex Entities”