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Auditor reporting guide: Reporting implications of Canadian Auditing Standards (CAS)

Our reporting guide is the ultimate resource for maintaining consistency in your reports and understanding Canadian Auditing Standards.

Boost your practice’s performance and reputation with the fifth edition of our guide, Reporting Implications of the Canadian Auditing Standards (CAS). The purpose of this publication is to promote consistency in the form and content of practitioners' reports by providing guidance with respect to commonly occurring circumstances. Presenting a series of problems in a Q&A format and as illustrative reports, our guide is designed to help you understand and apply requirements and supporting guidance issued by the Auditing and Assurance Standards Board (AASB) relating to reporting.

This guide does not amend or override auditing or review standards, the texts of which alone are authoritative, nor does it necessarily address all audit reporting changes related to Canadian auditing standards. The Reporting Implications of the Canadian Auditing Standards (CAS) guide has been developed by the Reporting Implications of Assurance Standards Task Force. The material in this guide represents the views of the task force.

KEY TAKEAWAYS

  • overview of financial frameworks, with an introduction to our illustrative reports
  • addressing and dating reports appropriately
  • rundown of relevant ethical requirements
  • handling historical financial data outside of reporting and additional supplementary information withing financial statements
  • updates to example scenarios that make reference to International Financial Reporting Standards (IFRS) as the financial reporting framework
  • updates to group audit section relating to new CAS 600 standard