Auditors require continual knowledge of changing standards and practice issues. This course reviews recent revisions to the CPA Canada Handbook–Assurance and other practice matters that have occurred over the last year, with a focus on audit-level standards.

In addition to comparing new and revised assurance standards, this course provides an overview of projects in progress and other developments of interest to practitioners, including national issues that have been identified by practice advisory and/or practice inspection. This course focuses exclusively on changes to audit standards.

The Audits: Update 2025 course will focus on recent modifications to the CPA Canada Assurance Handbook. These will include:

• Recently approved standards that have been incorporated in the Assurance Handbook.
• Proposed standards that will be imminently approved.
• Current Exposure Drafts and ongoing projects at the Canada Auditing and Assurance Standards Board (AASB), with consideration of international projects; and,
• Recent findings stemming from practice inspections, including recommendations on how to address these issues.

Topics Include: 

• Introduction and overview of recently revised standards that apply to audits.
• Exposure drafts and other projects in process for audits.
• Practice matters, including highlights from national practice inspection findings and practice advisory comments for auditors.

NOTE: This course description has been revised and reflects updates for 2025. If you have any questions, please contact pdevents@cpaontario.ca.

Unlock learning anytime, anywhere with the Blackboard Learn app

Seamlessly access your on demand courses, assignments, and get PD hours on the go. Learn how to download now and elevate your education experience with the convenience of mobile learning.

By the end of this course, participants will be able to:

• Describe how the revisions to Canadian Auditing Standards will impact their audit engagement.
• Anticipate pending changes to audit standards and understand how the changes may impact audit engagements.
• Understand the recent practice inspection findings and how auditors can address these in their upcoming engagements; and,
• Be aware of and locate tools to assist with audits.