Dates and location
Pricing
Hours
Dates and location
Pricing
Hours
Description
Are you required to audit or review a client’s compliance with agreements, laws, regulations etc. Effective for compliance reports dated on or after April 1, 2019 there are new assurance requirements: CSAE 3530 Special Considerations – Attestation Engagements to Report on Compliance and CSAE 3531 Special Considerations – Direct Engagements to Report on Compliance which will impact what you do and how you report.
This course will cover the new requirements for engagements to audit or review compliance of financial or non-financial information with agreements, statutes, laws or regulations.
Reports that will be impacted by the new CSAE 3530 and 3531 standards include:
- Compliance with debt covenants in a banking agreement
- Compliance with the terms of a lease arrangement
- Compliance with financial reporting requirements of a not-for-profit funding arrangement and
- Compliance with non-financial requirements for a public sector organization
Topics Include:
- Overview and scope of CSAE 3530 and 3531
- CSAE 3530 and 3531 performance requirements
- CSAE 3530 and 3531 reporting requirements, including illustrative examples
NOTE: No updates or changes were made to the 2023 version of this course. If you completed the course in 2021 or 2022, please be advised the 2023 course material has not changed. If you have any questions, please contact pdevents@cpaontario.ca.
Key Takeaways
By the end of this course, participants will be able to:
- Identify and explain the differences between CSAE 3530 and 3531 and integration with CSAE 3000 and 3001
- Understanding the differences in practical application for both compliance audits and compliance reviews
- Apply CSAE 3530 and 3531 performance and reporting requirements with a focus on:
- Acceptance and continuance
- Planning – understanding the entity and risk assessments
- Responding to risk assessments
- Obtaining sufficient appropriate evidence
- Preparing the report on compliance
Who Will Benefit
Practitioners conducting attestation or direct engagements to audit or review compliance of financial or non-financial information with agreements, statutes, laws or regulations.
Prerequisite(s)
Participants should have familiarity with CPA Handbook – Assurance.
How to Access the Course
To access the course please visit our BlackBoard site, and log-in using the same login and password used for the Registration Portal.
Please allow up to 15 minutes after registration for the course to appear on your BlackBoard page.
Registration, cancellation, withdrawal and all other CPA Ontario PD policies can be found here.