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PEG - Content Updates (Review)

New forms

Form Numbers Description
COMP MAP New form for 3-step compilation approach.
2-05-1 NFP, 2-05-2 NFP, 3-C NFP, 3-V NFP, 3-U NFP, 3-W NFP, 3-MM NFP, 3-TT NFP, 3-20 NFP New forms designed specifically for not-for-profit organizations.
3-25 New form for Cost of sales - Review procedures.
3-30 New form for Payroll - Review procedures.
3-35 New form for Other expenses - Review procedures.

Deleted forms

Form Numbers Description
RL1-2 Deleted the form RL1-2 Review Engagement Letter — Year of Transition to a Different Financial Reporting Framework, since the content has been removed from CPA Canada content.
RL1-3 Deleted the form RL1-3 Review Engagement Letter — Year of ASNFPO Adoption, since the content has been removed from CPA Canada content.

Forms with moderate revisions

Form Numbers Description
MAP Update the PEG review MAP to reflect most update the information for PEG review template.
1-90 Update the cross reference to Volume 2 chapters of PEG have been added to the top for easy reference to additional guidance & update the conclusion section.
2-20-1 Update the cross reference to Volume 2 chapters of PEG and update the data in database for new NFP forms.
3-92 Update the cross reference to Volume 2 chapters of PEG have been added to the top for easy reference and one procedure update regarding completion of 900 series of forms has been updated.
3-N Update the cross reference to Volume 2 chapters of PEG have been added to the top for easy reference and conclusion section wording has been updated.
3-20 Update the cross reference to Volume 2 chapters of PEG have been added to the top for easy reference to additional guidance and few procedures related to content update.
FRF 909 Update the cross reference to Volume 2 chapters of PEG have been added to the top for easy reference and few procedures related to content update.
FRF 971 Update the cross reference to Volume 2 chapters of PEG have been added to the top for easy reference and all the Not-for-Profit Organizations initials has been changed from ASNFPO to ASNPO.
FRF 972 Update the cross reference to Volume 2 chapters of PEG have been added to the top for easy reference and reflect the content changes to the Not-for-profit Organizations (ASNPO) standards relating to tangible capital assets, intangible assets and collections.
3-94, ASPE_README, FRF 905, R2-20, 3-95 Replaced the word/excel in PEG audit template based on CPA Canada content.

Forms with minor revisions

Form Numbers Description
2-05-01, 2-05-02, 2-10, 2-91, 3-90, 3-91-1, 3-93-1, 4-10, 5-90 Cross references to Volume 2 chapters of PEG has been added to the top of each form for easy reference to additional guidance.
3-C Update the cross reference to Volume 2 chapters of PEG have been added to the top for easy reference and one procedure update.
6-10 Update the cross reference to Volume 2 chapter of PEG have been added to the top for easy reference and remove the duplicate report date and report release date areas.

New reports

Form Numbers Description
RR1.1 Sample review engagement report for an/a unqualified/modified opinion relating to financial statements prepared in accordance with ASPE.
RR1.3 Engagement letter for review engagements is designed for a review engagement of special purpose financial statements prepared in accordance with a special purpose (or compliance) framework.
RR1.5 Sample review engagement report for an/a unqualified/modified opinion relating to financial statements prepared in accordance with ASNPO.

New letters

Form Numbers Description
RL1.1A Engagement letter for review engagement specifically tailored for not-for profit organizations using ANSPO.
RL1.1B Sample review engagement report for an/a unqualified/modified opinion relating to financial statements prepared in accordance with ASNPO.
RL1.4 Letter to report review engagement findings to those charged with governance.

Letters with moderate revisions

Form Numbers Description
CL1.1 Changes to the guidance section and content of the letter based on the content provided by CPA Canada.
RL1.1 Name change, guidance updated and relevant content updated based on the content provided by CPA Canada.

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