CEBA Accounting and Assurance File Documentation Templates
The accounting ramifications of the Canadian Emergency Business Account (CEBA) are more complicated than you may expect. Included in this template is detailed guidance for the appropriate accounting treatment for CEBA loans including the forgivable portion of these loans. This template also includes separate audit and review engagement memorandums for documenting your assurance procedures related to CEBA. We have also provided a detailed audit work paper for conducting the necessary audit tests for CEBA and a review engagement inquiries document to assist with the documentation of your discussions with management in a review engagement.