Assurance-Compliance with Agreements, Statutes & Regulations

OBJECTIVE:
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.

The course covers 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.

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.

LEARNING OUTCOMES:
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

PREREQUISITE:  
Familiarity with CPA Handbook – Assurance.

Course Code:  VO2003
CPD:  Estimated CPD Hours: Total - 3.5  Licensing - 3.5 
Competency:  Assurance
Course Level:  Intermediate
When
4/20/2020 - 8/30/2020
Where
Video on Demand, Canada

Program


Monday, 20 April 2020

 
Select if you do not have a Passport
Time
4/20/2020 - 8/21/2020
4/20/2020
Requires 1/2 Passport day.
Time
4/20/2020 - 8/21/2020
4/20/2020

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