 Copyright
Notice to Readers  What's New
Guide to Accounting Pronouncements and Sources, Sixth Edition
Significant Differences in GAAP in Canada, Chile, Mexico and the United States
Accounting and Reporting for Enterprises in the Development Stage
Accounting Bases Used in Canadian Government Budgeting
Accounting Changes — Background Information and Basis for Conclusions Section 1506
Accounting for Infrastructure in the Public Sector
Accounting for Tangible Capital Assets — Accrual Budgeting Issues
Accrual Budgeting by Canadian Federal, Provincial and Territorial Governments
Aligning Investment in Information Technology with Business Strategy: What CFOs Need to Consider (June 2005)
Application of Computer-assisted Audit Techniques, Second Edition
Assessing Risks & Controls of Investment Funds
Asset Retirement Obligations - Background Information and Basis for Conclusions Section 3110
 Assurance Engagement Working Papers
Foreword Study Group Chapter 1 — Introduction Assurance Standards and Working Papers Purpose of the Study Chapter 2 — Purpose of Assurance Engagement Working Papers Support the Practitioner's Report Comply with Rules of Professional Conduct Support Professional Judgment Provide Evidence of Work Done Provide a Source of Information Obtaining knowledge of the entity's business and the subject matter of the report Sharing knowledge Improving efficiency Accommodating clients Chapter 3 — Documenting Assurance Engagements Introduction Matters likely to Constitute Significant Evidence in an Assurance Engagement Objective of the engagement Accountability relationship Suitable criteria for evaluating the subject matter Planning the work Evidence obtained Supervision of the work Report issued General Principles of Proper Documentation for an Assurance Engagement Document the important decisions made regarding the assurance engagement Strategic decisions and other significant decisions and their basis Critical elements Conclusions Document discussions with management Adjust the extent of the documentation to the circumstances of the engagement Risk Quality of documentation available from the client Level of supervision and review of work Conserve only the elements that support the conclusions of the assurance engagement Use clear language Chapter 4 — Documenting Financial Statement Audits Introduction Important Evidence Pertaining to Financial Statement Audits Planning the audit Agreement on the terms of the engagement Knowledge of the entity's business Documentation supporting the understanding of internal control for planning purposes Level of materiality and components of engagement risk Description of auditing procedures to be applied Time budgets and timing of work Evidence obtained Description of the procedures applied to support each significant financial statement item Confirmations and letters obtained from third parties Accounting estimates Using the work of a specialist or another auditor Other procedures applied Conclusions Description of highlights, critical elements and decisions made Assessment of misstatements and actions taken Agreement between accounts and financial statements or other information on which the auditor is reporting Communications with the client Supervision of audit staff and review of work Organization of Audit Working Papers Information of a permanent nature Recording and updating Information of a current nature Organization of audit files Chapter 5 — Review of Assurance Engagement Working Papers Objectives and Advantages of a Review Objectives Benefits How to Carry Out the Review Nature and extent of the review Delegated work, and staff experience and proficiency Engagement risk and its components Planning Review strategy The search for information An open, analytical and critical mind Getting familiar with the engagement Understanding the work performed and the resulting findings Evaluation and decision Allocate sufficient time Review notes Timing of review Control and documentation of the review Chapter 6 — Ownership, Security and Retention of Working Papers and Requests for Access to Working Papers Introduction Ownership Assurance engagements Engagements in which the practitioner acts as agent Access to Working Papers Request from a client Request from a prospective buyer, investor or lender Request from another practitioner Joint audit Auditor of a related entity Successor practitioner Order of a lawful authority Security and Retention Security of confidential information Retention Retention period Working paper destruction Chapter 7 — Electronic Working Papers Introduction Improving Efficiency Planning Preparing the current year's working papers Performance, documentation and review of work Integration of all information concerning a client On-line help Better use of resources Preparation of reports Managing the engagement Up-to-date information on the status of the engagement Teamwork Investment considerations The Automation of Working Papers — Important Considerations Value for money Resources required Developing an implementation strategy Management involvement and support Choice of software Implementation in phases Training Are fully automated working papers a realistic objective? Review of Electronic Working Papers On-screen review Identification and follow up of important matters Identification of unresolved matters Review notes Preparing review notes Sign-off Management and Retention of Electronic Working Papers Creating a new working paper file Managing working papers before field work begins Backups Managing working papers while field work is underway Backup procedures Operating in network mode at the client site Working papers in a stand-alone environment Managing the working papers after field work has been completed Archiving Security Controls Logical access controls Physical access controls Remote communication of working papers Viruses Legal Value of Electronic Evidence Appendix A — Sample Letters — Access to Audit Working Papers by Prospective Buyers, Investors or Lenders and their Public Accountants Background Sample Letter — Authorization from Client to Grant Access to Audit Working papers to Prospective Buyers, Investors or Lenders and their Public Accountants Sample Letter — Understanding Regarding Access to Audit Working Papers by Prospective Buyers, Investors or Lenders and their Public Accountants Appendix B — Sample Letter — Access to Audit Working Papers by Successor Auditors Background Sample Letter and background Guidance Access to Working Papers Proposed background guidance and text of letter Review of Working Papers by Another Auditor Acknowledgment by Successor Auditor Restrictions on Working Paper Access Letter of Understanding to a Successor Auditor Appendix C — Sample Letter — Solicitor-Client Privilege Background Sample Letter — Solicitor-Client Privilege Appendix D — Working Paper Software Features Multi-User Software Operating on a Network Operating in network mode Stand-alone work File Manager Security Identification of authorized users and passwords Defining the rights of each user Encryption or encoding Sign-Off Integration of Documents Created with other Applications Links and Cross-References Templates Tickmarks Data Imports Financial Modules Audit & Control Implications of XBRL
Audit Enquiry - Seeking More Reliable Evidence From Audit Enquiry
Audit Implications of EDI
Audit Implications of Electronic Document Management
Audit of a Small Entity
Audits of Non-profit Organizations
Canadian Performance Reporting
Cash Distributions — Amendments to Section 1540 — Background Information and Basis for Conclusions (September 2007)
Cash Flow and Other Per Share Information - Background Information and Basis for Conclusions Sections 1540 and 3500
Cash Flow Statements - Background Information and Basis for Conclusions - Section 1540
Comprehensive Income and Equity - Background Information and Basis for Conclusions Sections 1530 and 3251
Confirmation of Accounts Payable
Confirmation of Accounts Receivable
Continuous Auditing
Corporate Reporting to Stakeholders
Costing Government Services for Improved Performance Measurement & Accountability
Data Level Assurance
Differential Reporting - Background Information and Basis for Conclusions - Section 1300
Differential Reporting — Amendments to Section 3062 and AcG-15 — Background Information and Basis for Conclusions
Disclosures by Entities Subject to Rate Regulation - Background Information and Basis for Conclusions AcG-19
Disposal of Long-Lived Assets and Discontinued Operations - Background Information and Basis for Conclusions - Section 3475
Electronic Audit Evidence
Electronic Filing and Reporting - Emerging Technologies and Their Implications
Electronic Filing of Information
Employee Future Benefits - Additional Disclosures - Background Information and Basis for Conclusions - Section 3461
Employee Future Benefits Implementation Guide, Second Edition (Updated November 2001)
Engagements to Audit Greenhouse Gas Emissions Information — Practice Guide
Financial Instrument Disclosures and Capital Disclosures - Background Information and Basis for Conclusions Sections 1535, 3862 and 3863 (July 2007)
Financial Instruments - Recognition and Measurement - Background Information and Basis for Conclusions Section 3855
Financial Instruments — Recognition and Measurement — Background Information and Basis For Conclusions Amendments to Section 3855 (December 2009)
Financial Reporting by Canadian School Boards
Financial Reporting by Investment Funds, Second Edition
Financial Reporting by Rate-regulated Enterprises
Financial Reporting by Small Business Enterprises
Financial Reporting in North America - Highlights of a Joint Study
The First Audit Engagement
Full Cost Accounting from an Environmental Perspective
General Standards of Financial Statement Presentation - Background Information and Basis for Conclusions - Section 1400
Generally Accepted Accounting Principles - Background Information and Basis for Conclusions - Section 1100
Going Concern - Amendments to Section 1400 - Background Information and Basis for Conclusions (June 2007)
Guide for Developing Quality Control Systems in Public Accounting
Hedges - Background Information and Basis for Conclusions Section 3865
The Impact of Technology on Financial and Business Reporting
Impairment of Long-Lived Assets - Background Information and Basis for Conclusions - Section 3063
Improving Disclosures About Financial Instruments (Amendments to Financial Instruments — Disclosures, Section 3862) (June 2009)
Income Taxes - Background Information and Basis for Conclusions - Section 3465
Indicators of Government Financial Condition
Intangible Assets — Background Information and Basis for Conclusions Section 3064 (September 2008)
Interactive Data — Building XBRL Into Accounting Information Systems
Interim Financial Statements - Background Information and Basis for Conclusions - CICA Handbook – Accounting Section 1751
Inventories - Background Information and Basis for Conclusions Section 3031 (June 2007)
Investment Companies - Background Information and Basis for Conclusions - AcG-18
Investment Companies - Amendments to AcG-15 and AcG-18 - Background Information and Basis for Conclusions (June 2007)
Liabilities and Equity - Background Information and Basis for Conclusions - Section 3860
Links between the Budget and the Estimates — Accrual budgeting Issues
Maintaining Quality Capital Markets Through Quality Information
Non-Monetary Transactions - Background Information and Basis for Conclusions Section 3831
Not-for-Profit Financial Reporting Guide
Not-for-Profit Organizations — Background Information and Basis for Conclusions 4400 Series (November 2008)
Professional Judgment and the Auditor
Rate-Regulated Operations — Amendments to Sections 1100 and 3465 and AcG-19 — Background Information and Basis for Conclusions (December 2007)
Reporting on Environmental Performance
The Role of Information Technology in Achieving Sustained Regulatory Compliance
Secure IT Infrastructure for E-commerce
Security for Wireless Systems (revised)
Segment Disclosures - Background Information and Basis for Conclusions - CICA Handbook Section 1701
Stakeholder Relationships, Social Capital and Business Value Creation
Understanding Disclosure Controls and Procedures: Helping CEOs and CFOs Respond to the Need for Better Disclosure
Use of Specialists in Assurance Engagements
Using Graphics in Corporate Reporting
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