In addition to comparing new and revised assurance and other related service standards, this seminar provides an overview of projects in progress and other developments of interest to practitioners, including national issues that have been identified by practice advisory and/or practice inspection.  This seminar focuses exclusively on changes to audit standards.

Topics include:

• introduction and overview of recently revised standards that apply to audits
• exposure drafts and other projects in process for audits
• practice matters, including highlights from national practice inspection findings and practice advisory comments for auditors
  

Learning Objectives

By the end of this course, participants should be able to:

• Describe the revisions to CAS 315 Identifying and Assessing the Risks of Material Misstatement effective for audits of financial statements for periods beginning on or after December 15, 2021.
• Describe how the revisions to CAS 500 Audit Evidence will impact their engagement processes.
• Evaluate the applicability of audit standards on less complex entities
• Develop an approach to reporting on Key Audit Matters for reporting issuers.
• Anticipate pending changes to audit standards and understand how the changes may impact audit engagements.
• Be aware of and locate tools to assist with audits.

Prerequisite Knowledge

Participants should have a working knowledge of the CPA Canada Handbook – Assurance.

Applicable for:

The seminar will particularly appeal to practitioners serving small and medium-sized private or not-for-profit entities, although it will advance the knowledge of all accounting professionals performing audits.

What to Expect

• An email will be sent from CPA Manitoba to the participant within two business days of registration. The email will include information on how to access the course along with the necessary login credentials.
• Once sent, the email will also be found in your Account Communication tab of the CPA Manitoba Member Portal.
• This course is designed for participants to view while following along with the course material provided.
• This self-study course allows the user to save their progress and return to continue later.

Registration is for this course is open until August 31.2023 and should be completed by September 30, 2023, after this time, access to the course will no longer be available.

To receive a certificate, participants must complete a quiz at the end of the course. Unlimited quiz attempts are available until the passing grade of 70% or better is achieved. After this you will no longer have access to the quiz.