Answered step by step
Verified Expert Solution
Question
1 Approved Answer
Jenny is a senior manager at S&J, CPAs. She is creating an easy-to-follow manual for new hires and has asked Zhang to answer the following
Jenny is a senior manager at S&J, CPAs. She is creating an easy-to-follow manual for new hires and has asked Zhang to answer the following questions:
a) In the Canadian Standards on Quality Control (CSQC 1), what is the definition of a listed entity?
b) With respect to related parties, what are the management inquiry requirements of an auditor within the Canadian Auditing Standards (CASs)?
c) What are the objectives of a compilation engagement according to other Canadian Standards (OCSs)?
d) In which section in the CASs is the guidance related to group audits contained?
e) During a review engagement, if the practitioner becomes aware of an event that occurred after the date of the financial statements but before the practitioner's report is dated that requires a material adjustment, what are the auditor requirements per the OCSs?
f) According to CASs, what procedures are required for external confirmations?
g) Within the Assurance and Related Services Guidelines (AuG) specific to public service, what are the examples of the different sources a practitioner can use when selecting or developing suitable criteria?
Required: Using the CPA Canada Handbook - Assurance, answer the questions by navigating to the appropriate section and copying the relevant Handbook quotation for your response
a) In the Canadian Standards on Quality Control (CSQC 1), what is the definition of a listed entity?
b) With respect to related parties, what are the management inquiry requirements of an auditor within the Canadian Auditing Standards (CASs)?
c) What are the objectives of a compilation engagement according to other Canadian Standards (OCSs)?
d) In which section in the CASs is the guidance related to group audits contained?
e) During a review engagement, if the practitioner becomes aware of an event that occurred after the date of the financial statements but before the practitioner's report is dated that requires a material adjustment, what are the auditor requirements per the OCSs?
f) According to CASs, what procedures are required for external confirmations?
g) Within the Assurance and Related Services Guidelines (AuG) specific to public service, what are the examples of the different sources a practitioner can use when selecting or developing suitable criteria?
Required: Using the CPA Canada Handbook - Assurance, answer the questions by navigating to the appropriate section and copying the relevant Handbook quotation for your response
Step by Step Solution
★★★★★
3.40 Rating (166 Votes )
There are 3 Steps involved in it
Step: 1
a In the Canadian Standards on Quality Control CSQC 1 the definition of a listed entity is an entity whose equity or debt securities are publicly trad...Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started