In Canada, practitioners follow the standards in the CPACanada Handbook – Assurance for audit and other assuranceservices. These include Canadian Auditing Standards (CASs), whichhave been adopted from International Standards on Auditing (ISAs),with some amendments.
The CASs are issued by the Auditing and Assurance StandardsBoard (AASB), who also issues other pronouncements andnon-authoritative material included in the CPA Canada Handbook– Assurance. The CASs only apply to all audits of financialstatements for all types of entities. Other Canadian standardsissued by the AASB in the CPA Canada Handbook are theCanadian Standards on Quality Control (CSQC) and Other CanadianStandards (OCS). There are several different types of assuranceengagements other than an audit of financial statements discussedbelow.
For each of the sections, describe “in your own words”
the general purpose of the engagement (2 marks)
the auditor’s responsibilities under each for accepting theengagement (2 marks)
type of assurance provided (1 mark)
1. Canadian Auditing Standards – Audits of Financial StatementsPrepared in Accordance with Special
Purpose Frameworks(CAS 805)
2. Other Canadian Standards -An Audit of Internal Control overFinancial Reporting that is integrated
with an Audit of FinancialStatements (5925)
3. Other Canadian Standards – Reporting on Controls at a ServiceOrganization
4. Specialized Areas – Auditors Consent to the use of theAuditor’s Report included in a Business
Acquisition Report (7170)
5. Related Services -CSRS 4460 Reports on Supplementary MattersArising from an Audit or a Review
Engagement (4460)
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