Auditor’s guide for electoral district associations appointed under the Canada Elections Act
If you have been engaged to report on an electoral district association, this guide will help you understand your responsibilities as auditor and provide guidance on how to apply auditing standards in this situation.
When auditing a registered electoral district association’s Financial Transactions Return, you must comply with Canadian Auditing Standards (CAS).
Guide for Auditors of Registered Electoral District Associations Appointed Under the Canada Elections Act provides practical guidance and includes a sample independent auditor’s report.
Notes for practitioners:
- Subsequent to the publishing of this guide in January 2019, the reporting threshold in the Canada Elections Act changed. No changes have been made to this edition of the guide.
- There are no changes in the Canada Elections Act regarding political financing since the last general election in 2019. The 8th edition of this guide is the latest version and is applicable for the 2021 federal election.
You will learn about:
- the auditor’s roles and responsibilities
- how to prepare initial financial reports following registration
- the important components for the annual Financial Transactions Return
- how to assess and respond to risks
- how to ensure the return complies with specific CAS
- special considerations for the auditor’s report
For inquiries regarding this guide, contact CPA Canada.