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) 4400 and its impact on the planning, implementation and documentation of an Agreed-Upon Procedures engagement.
Standards on specified auditing procedures (Section 9100) and agreed-upon procedures regarding internal control over financial reporting (Section 9110) have been replaced by CSRS 4400: Agreed-Upon Procedures Engagements. This new standard introduces new concepts, documentation requirements and new reporting guidance. CSRS 4400 is effective for agreed-upon procedures engagements for which the terms of engagement are agreed on or after January 1, 2022. This course will provide an overview of what is covered in the standard such as the use of professional judgment in an agreed-upon procedures engagement, using the work of a practitioner's expert and undertaking an agreed-upon procedures engagement together with another engagement.
Topics Include:
- Introduction to agreed-upon procedures engagements
- Effective date and replacement of pre-existing standards
- Canadian amendments to ISRS 4400 (Revised)
- Independence requirements
- Applicability of quality control / upcoming quality management standards
- Engagement acceptance and continuance
- Agreeing the terms of the engagement
- Performing the agreed-upon procedures
- Professional judgment in an agreed-upon procedures engagement
- Using the work of a practitioner's expert
- Documentation requirements
- Undertaking an agreed-upon procedures engagement together with another engagement
- The form and content of an agreed-upon procedures report
NOTE: No updates or changes were made to the 2024 version of this course. If you completed the course in 2022 or 2023, please be advised the 2024 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:
- Describe the requirements of the new standard and the differences from the current standards.
- Identify the stages of the engagement that will be affected by the new standard; and assess the impact of the new standard on the work to be performed and documented.
Who Will Benefit
This course is intended for accountants working in public practice that perform, or intend to perform, agreed-upon procedures engagements.
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.
Electronic material can be accessed one week 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.