A new standard for compilation engagements is being developed and is expected to be approved by the end of 2019 and effective for years ending on or after December 15, 2020.
The scope of the standard, engagement acceptance and continuance, work effort and documentation and information to be provided on the basis of accounting used is expected to change significantly from the current standard.
Stay up to date by visiting the online project page.
Attend the seminar, Compilation Engagements – Review of Section 9200 this fall or winter to become familiar with the Exposure Draft, Compilation Engagements which proposes a new Canadian Standard on Related Services (CSRS) 4200, Compilation Engagements. Watch for PD offerings on the application of CSRS 4200 in the spring of 2020.