The essential guide to performing audit, review and compilation
engagements for small- and medium-sized entities
Canadian Professional Engagement Manual (C•PEM) will help you:
Promote consistent application of the new standards
- Practical guidance and illustrations can help you comply with the Canadian Auditing Standards (CASs) and the review and compilation standards included in the CPA Canada Handbook – Assurance.
- Practice aids (sample forms and letters) help ensure the work is carried out with a consistent level of quality that is in accordance with professional standards and the firm's policies and procedures.
- The Focus on C•PEM newsletter (included with your subscription to C•PEM) provides timely supplementary guidance to help you and your staff keep current on professional engagement matters.
Improve engagement efficiency
- Provides a step-by-step approach to completing an engagement.
- Contains new and updated sample forms and worksheets.
- Includes Model Financial Statements.
Support staff training
- Provides professional accountants and students with effective tools to conduct high-quality, cost-effective engagements for small- and medium-sized entities.
- Audit forms contain objectives and instructions to help junior staff understand how these forms should be used.
- Includes a comprehensive road map to performing an assurance engagement,
including illustrative sample completed forms based on case studies of two small- and medium-sized entities.
Comprehensive commentary and guidance on the Canadian Auditing Standards (CASs) and Other Canadian Standards (OCSs)
Its two volumes contain:
These chapters contain straightforward guidance on the key requirements and concepts used in the standards and provide direction for compliance when performing audit, review and compilation engagements. Volume 1 also includes two appendices that address the nature of fraud and provide guidance on how to perform effective audit inquiries.
Presented in four parts, volume 2 provides methodology and guidance (with supporting illustrations) to help practitioners perform engagements in accordance with professional standards – from client acceptance, planning and risk assessment through to risk response, evaluating audit evidence and forming an audit opinion. The Practice Aids section contains over 50 sample letters, as well as print-ready PDFs of the sample forms, worksheets and a PDF of the publication Model Financial Statements — Private Enterprises, Part II of the CPA Canada Handbook.
The C•PEM website is the subscribers’ gateway to articles, information and practical guidance for staying current.
PLEASE NOTE: Existing subscribers to C•PEM do not need to re-order each year. The new edition will be sent/updated automatically when it is available.
C•PEM is available in Two Volumes, Searchable DVD, Download or Internet
Available in a handy two-volume set, the print version of C•PEM also includes a CD with print-ready practice aids: PDFs of the sample forms, worksheets and engagement letters and Model Financial Statements — Private Enterprises, Part II of the CPA Canada Handbook. This version is updated and shipped annually as part of an active annual subscription.
Now the official version of C•PEM, the Knotia (Internet) edition provides the most up-to-date information available. Linked and fully searchable, the Knotia version of C•PEM provides online access to the information and guidance you need, with timely updates that are added in real-time throughout the year. This version also includes PDFs of all practice aids.
Protected, fully searchable and always on your desktop or laptop to answer your tough questions, the Virtual Professional Library DVD and Download options give you fingertip access to the information you need. Updates will take place monthly as changes become available. This version also includes PDFs of all practice aids.
Please note: The Knotia (Internet) version of the Canadian Professional Engagement Manual (C•PEM) is now the official version of the publication. This means that ordering the knotia.ca version will provide you with the most current information relating to engagements in Canada, updated almost immediately throughout the year as changes become available. Regular updates to the other versions of C•PEM will continue as before: print will be updated and issued on an annual basis; and the Virtual Professional Library DVD and Download updates will take place as changes become available. Choose the Internet edition of C•PEM to ensure the most timely updates possible.
Multiple copy discounts are available to current subscribers. Please contact the Sales Department at 1-855-769-0905 for further details.
The C•PEM Electronic TemplatesAvailable only to C•PEM subscribers
Customize the C•PEM Sample Forms & Letters
The CPA Canada C•PEM Electronic Templates
include a Word or Excel template of each of the sample forms, worksheets and engagement letters included in C•PEM. Available on CD or on CPA Canada’s knotia.ca website, these time-saving practice aids allow you to customize the forms and letters to meet the known facts and circumstances of individual engagements as well as complete them on a PC.
Add the C•PEM Electronic Templates
to your C•PEM subscription for only $220. Issued each update.
Quality Assurance Manual (QAM)
Guidance on establishing quality assurance procedures for the firm can be found in the companion publication, Quality Assurance Manual (QAM)
ISBN: 978-1-55385-682-5; 978-1-55385-683-2
Publication Date: October 2013