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
- Delivers practical guidance and illustrations to help you comply with professional standards, including the CASs and OCSs in the CPA Canada Handbook – Assurance. .
- Provides helpful practice aids (sample forms and letters) to help ensure your work is carried out with a consistent level of quality that is in accordance with professional standards as well as your firm's policies and procedures.
Perform more cost-effective engagements
- Provides a step-by-step approach to completing an engagement.
- Includes illustrative case studies and sample completed forms to provide instruction on performing risk-based audit engagements.
Improve engagement efficiency
- Contains references to the relevant CAS objectives.
- Provides new and updated sample forms and worksheets.
- Includes the publication Model Financial Statements – Private Enterprises.
Support staff training
- Contains 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:
Volume 1 provides practitioners with a summary of the key requirements and concepts involved in performing assurance and compilation engagements in accordance with professional standards. This stand-alone volume 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 accepting new engagements, planning the audit and assessing risks through to responding to identified risks, evaluating audit evidence and forming an audit opinion. Part D (Practice Aids) of this volume contains over 50 sample letters and print-ready PDFs of the sample forms and worksheets as well as the publication Model Financial Statements — Private Enterprises..
Subscribers receive exclusive access to the C•PEM website – a timely source for information, articles and practical guidance.
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.
Add these valuable resources to your C•PEM subscription
The NEW C•PEM Forms Walkthroughs
The C•PEM Forms Walkthroughs are practical videos designed to walk users through the process of filling out the key C•PEM forms step-by-step. With clear, insightful explanations from the author of C•PEM, Stuart Hartley, these five-to-ten-minute videos discuss where each form fits within the audit process, the applicable CAS requirements and how each form should be completed.
The C•PEM Electronic TemplatesAvailable only to C•PEM subscribers
The C•PEM Electronic Templates include a Word or Excel template of each of the sample forms, worksheets and engagement letters contained in Part D of C•PEM. These time-saving practice aids allow you to customize forms and letters to meet the known facts and circumstances of individual engagements and to conveniently complete them electronically.
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.
More helpful resources for your practice
Quality Assurance Manual (QAM)
Model Financial Statements – Private Sector NFPO
Model Financial Statements – IFRS
CPA Canada C•PEM Electronic Templates
ISBN: 978-1-55385-682-5; 978-1-55385-683-2
Publication Date: November 2014