Audits - Update 2025

Overview: 

Auditors require continual knowledge of changing standards and practice issues. This course will focus on recent modifications to the CPA Canada Assurance Handbook.

This will include:

• Recently approved standards that have been incorporated in the Assurance Handbook
• Proposed standards that will be imminently approved
• Current Exposure Drafts and ongoing projects at the Canada Auditing and Assurance Standards Board (AASB), with consideration of international projects
• Recent findings stemming from practice inspections, including recommendations on how to address these issues

Course Content:

In this course, you will gain knowledge about the following topics:

• 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: 

Upon completing this course, you should be able to:

• Describe how the revisions to Canadian Auditing Standards will impact their engagement 
• Anticipate pending changes to audit standards and understand how the changes may impact audit engagements
• Describe the recent practice inspection findings and how auditors can address these in their upcoming engagements
• Describe and locate tools to assist with audits

Who Will Benefit: 

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