New CASs in Canada
August 31, 2009
About the CICA
The Canadian Institute of Chartered Accountants (CICA) conducts research into current business issues and supports the setting of accounting, auditing and assurance standards for business, not-for-profit organizations and government. It issues guidance on control, best practices and governance, publishes professional literature, develops continuing education programs and represents the CA profession nationally and internationally. Together with the provincial, territorial and Bermuda institutes/ordre of Chartered Accountants, the CICA represents a membership of approximately 74,000 CAs and 10,000 students in Canada and Bermuda. The CICA is a founding member of the International Federation of Accountants (IFAC) and the Global Accounting Alliance (GAA).
The CICA’s CAS Website
For the latest information to help you manage the transition to the new Canadian Auditing Standards (CASs) and Canadian Standards on Quality Control (CSQC 1), go to www.cica.ca/CAS, or to the website of your provincial institute/ordre. Make sure to bookmark our CAS site. It is updated regularly, and links you to the resources you need to ensure a smooth transition.
About this Guide
The CICA has prepared this reference guide to help you prepare for the new Canadian Auditing Standards (CASs) and Canadian Standards on Quality Control (CSQC 1). This Guide highlights areas of similarity and difference between CASs and existing Canadian standards as set out in the CICA Handbook – Assurance.
How the CICA Can Help
The CICA is the recognized leader in providing information and professional education that clarifies and aids in the application of standards in Canada. The new Canadian Auditing Standards represent a significant change for financial statement auditors, and the change to CSQC 1 will affect firms providing assurance services. Chartered Accountants of Canada, through the CICA and the provincial...