Dates and location
Pricing
Hours
Dates and location
Pricing
Hours
Description
This course provides an overview of the Canadian Standard on Related Services (CSRS) 4250, Compilation Engagements on Future-oriented Financial Information and Pro Forma. Participants will gain an understanding of the scope, objectives, and key requirements of the standard, including the practitioner’s role in assisting management with the preparation and presentation of future-oriented financial information (FOFI) and pro forma information.
The course examines the nature of compilation engagements, emphasizing that such engagements are not assurance engagements and do not provide assurance on the information compiled.
Participants will explore the structure of CSRS 4250, including definitions, ethical requirements, professional judgment, engagement acceptance, performance, reporting, and documentation. The course also highlights the importance of management assumptions, the presentation of financial information, and the communication of the nature and limitations of the engagement through the compilation engagement report.
Topics covered in this course include:
- Overview, scope, and key concepts of CSRS 4250
- Definitions of FOFI and pro forma information
- Requirements for compilation engagements (ethics, judgment, quality, acceptance)
- Performing the engagement (understanding the entity, assumptions, preparation, disclosures)
- Post issuance considerations
- Compilation engagement reporting (content and limitations)
- Documentation requirements
NOTE: This course description has been revised and reflects updates for 2026. If you have any questions, please contact pdevents@cpaontario.ca.
Key Takeaways
By the end of this course, participants should be able to:
- Explain the purpose and scope of CSRS 4250
- Differentiate between forecasts, projections, and pro forma financial information
- Describe the practitioner’s responsibilities in a compilation engagement for FOFI and pro forma
- Apply key requirements related to management assumptions and the basis of accounting
- Analyze presentation and disclosure requirements under the CSRS 4250
- Describe the structure and content of a compilation engagement report
- Evaluate ethical considerations and professional judgment requirements in these engagements
Who Will Benefit
- Chartered Professional Accountants (CPAs) in public practice
- Practitioners performing or supporting compilation engagements
- Professionals involved in preparing or reviewing future-oriented financial information or pro forma information
- Accounting and assurance professionals seeking to understand the new CSRS 4250
Prerequisite(s)
- None.
How to Access the Course
This course is delivered as a live webinar. To receive verifiable CPD hours, you must attend the session live. We recommend joining at least 5 minutes before the scheduled start time. For the best interactive experience, please use a computer equipped with a camera and microphone.
A reminder email with the Zoom link and course details will be sent two business days before the session. If you do not receive it, please check your spam or junk folder.
The same information, including any available materials, will also be posted in advance on our Blackboard LMS.
Registration, cancellation, withdrawal and all other CPA Ontario PD policies can be found here.
Speaker(s)
Rosanna Lamanna, CPA, CA, has 20 years experience providing accounting, audit, tax and business advisory services. In addition to assisting Canadian and international companies, in a variety of sectors, with their financial reporting and tax compliance needs, she offers strategic advice and helps companies identify business process improvements.
Rosanna has extensive experience in working with privately held businesses, including family-owned businesses, and understands the various issues that confront owners and family members in today’s dynamic business environment. She also has considerable experience in working with entrepreneurs and early stage companies, as well as, those scaling for growth.
Rosanna has been featured in several business publications and has been interviewed for her perspective on industry issues by various media outlets.