Dates and location
Pricing
Hours
Dates and location
Pricing
Hours
Description
This course provides participants with an overview of the requirements of the new Canadian Standard for Related Services (CSRS) 4200 and its impact on the planning, implementation and documentation of a compilation engagement.
The CPA Canada Handbook standard on Compilation Engagements has been updated to CSRS 4200 Compilation Engagements. This significantly changes some of the requirements for conducting a compilation engagement, including additional documentation and disclosure requirements. CSRS 4200 will be mandatory for Compilation Engagements on years ended on or after December 14, 2021, and practitioners are advised to familiarize themselves with the new standard in advance to prepare for implementation and communicate the changes to staff, clients and other stakeholders.
This course will provide an overview of what's covered in the new standard. More detailed application of CSRS 4200 will be covered in the course Compilation Engagements Application of CSRS 4200 New Standard.
Topics Include:
- Why change is needed to compilation engagement standards?
- The revised scope of compilation engagements under the new standard
- Overview of new and revised compilation engagement concepts:
- Basis of accounting
- Misleading information
- Professional judgment
- Distribution to third parties
- Overview of key changes from Section 9200 to CSRS 4200:
- Requirements for accepting and continuance of engagements
- Requirements for work to be performed including:
- The practitioner's knowledge
- Discussions with management regarding significant judgments
- Financial statement disclosure requirements
- Reporting requirements and the date of the practitioner's report
- Distribution to third parties
- Key considerations for designing an implementation plan
- Describe the requirements of the new standard and the differences from the current standard.
- Identify the stages of the engagement that will be affected by the new standard.
- Assess the impact of the new standard on the work to be performed and documented.
NOTE: No updates or changes were made to the 2025 version of this course. If you completed the course in 2024, please be advised the 2025 course material has not changed. If you have any questions, please contact pdevents@cpaontario.ca.
Who Will Benefit
Public practitioners and CPAs employed in public practice that conduct compilation engagements who wish to learn about the new standard, how it may affect their current processes, and how to start preparing to ensure an eventual successful implementation.
Prerequisite(s)
No prerequisites, but participants may prepare for the course by refreshing their knowledge of the pre-existing compilation engagement standards as well as Exposure Draft on CSRS 4200.
How to Access the Course
This course is a live webinar. You must attend the live course to receive verifiable CPD hours. We recommend you join five minutes prior to the scheduled starting time. To get the full experience of this interactive course, use a computer that has video and microphone capabilities.
If available, course materials can be accessed 2 business days prior to the course and should be downloaded in advance.
Registration, cancellation, withdrawal and all other CPA Ontario PD policies can be found here.
Speaker(s)
Jules Hawkins, CPA, CA is a partner of Hawkins and Co. Accounting Professional Corp. (www.hawkins-accounting.ca). He received his UK CA in England in 1996, and his Ontario CA in 2005. Before founding his own firm in 2014, Jules spent 20 years with Big 4 and regional-level firms, focusing on assurance. He has significant experience developing and teaching training courses in both the UK and Canada. Jules teaches advanced accounting courses at the University of Windsor, and serves on CPA Canada's SMP Advisory Committee. From 2011 through 2014, he was also Chief Financial Officer of Essex Angel Capital Inc., a TSX-Venture Exchange listed investment company.