PEG - Content Updates (Audit)
Table of Contents
Revision B
The PEG: Revision B content updates were released in November 2019.
New forms
| Form Numbers | Description |
|---|---|
| 410CR | Checklist for engagement acceptance/continuance in compliance engagements. |
| 501CR | Checklist for planning and performing attestation compliance engagements when providing limited assurance. |
| 502CR | Checklist for planning and performing direct compliance engagements when providing limited assurance. |
| 503CR | Checklist for planning and performing attestation compliance engagements when providing reasonable assurance. |
| 504CR | Checklist for planning and performing direct compliance engagements when providing reasonable assurance. |
New reports
| Form Numbers | Description |
|---|---|
| CR1.1 | Sample compliance engagement report for an unqualified conclusion relating to limited assurance on an attestation engagement. |
| CR1.2 | Sample compliance engagement report for an unqualified conclusion relating to limited assurance on a direct engagement. |
| CR1.3 | Sample compliance engagement report for an unqualified opinion relating to reasonable assurance on an attestation engagement. |
| CR1.4 | Sample compliance engagement report for an unqualified opinion relating to reasonable assurance on a direct engagement. |
New letters
| Form Numbers | Description |
|---|---|
| OL1.7 | Engagement letter for an attestation engagement when providing limited assurance on management's statement of compliance with specified requirements. |
| OL1.8 | Engagement letter for an attestation engagement when providing reasonable assurance on management's statement of compliance with specified requirements. |
| OL1.9 | Engagement letter for a direct engagement when providing limited assurance on an entity's compliance with specified requirements. |
| OL1.10 | Engagement letter for a direct engagement when providing reasonable assurance on an entity's compliance with specified requirements. |
Forms with moderate revisions
| Form Numbers | Description |
|---|---|
| 400 | Updated the procedure action for procedure #4. |
Revision A
The PEG: Revision A content updates were released in September 2019.
New forms
| Form Numbers | Description |
|---|---|
| V.100 NFP | New form for collections that reflects changes to ASNPO standards. |
| W.100 NFP | New form for intangible assets that reflects changes to ASNPO standards. |
| MAP | Make PEG Audit MAP in PDF instead of word document. |
New reports
| Form Numbers | Description |
|---|---|
| AR1.1 | Sample audit report for an/a unqualified/modified opinion relating to financial statements prepared in accordance with ASPE. |
| AR1.3 | Sample audit report for an/a unqualified/modified opinion relating to financial statements prepared in accordance with ASNPO. |
| AR1.5 | Sample audit report for an/a unqualified/modified opinion relating to financial statements prepared in accordance with a compliance framework. |
Forms with moderate revisions
| Form Numbers | Description |
|---|---|
| 340 | Cross reference to Volume 2 chapters of PEG have been added to the top of form for additional guidance & one procedure title update based on CPA Canada content update. |
| 310 | Cross reference to Volume 2 chapters of PEG have been added to the top of form for additional guidance & two procedures updates based on CPA Canada content update. |
| 610 | Updated the form based on CPA Canada content to provide more relevant information. |
| 681 | Added additional procedures regarding collections and added a new question regarding relevant information relating to disclosures. |
| 635, 645, 650, 666, 681, A.100, B.100, C.100, C.100 NFP, D.100, E.100, L.100, N.100, U.100, U.100 NFP, W.100, AA.100, BB.100, CC.100, FF.100, GG.100, MM.100 NFP, KK.100, UU.100, UU.110, TT.100 NFP, 705, 705 NFP, 720, 730, 735 | Cross reference to Volume 2 chapters of PEG have been added to the top of form for additional guidance & amended the procedures under presentation and disclosure to clarify the requirements. |
| FRF 906 | To reflect the changes to general presentation and disclosure standards in ASPE. |
| FRF 907 | To reflect the changes in first-time adoption standards. |
| FRF 909 | To reflect the changes to presentation and disclosure standards in ASPE relating to an impairment in operating lease receivables. |
| FRF 971 | Change the abbreviation for ASNFPO to ASNPO. |
| FRF 972 | To reflect the changes to the ASNPO standards relating to tangible capital assets, intangible assets and collections. |
| 445, 531, 540c, 545c, 545c NFP, 550c NFP, 550c, 555c, 560c, 637, 1 (overview), 0, 001c, 001 NFP, 520, 522, 590-1 FSL, 590-2 AL, 590 PREVIOUS | Replaced the word/excel in PEG audit template based on CPA Canada content. |
Letters with moderate revisions
| Form Numbers | Description |
|---|---|
| 415.1B | Quebec practitioners utilize the version has been updated in URL the guidance section with content update from CPA Canada. |
Forms with minor revisions
| Form Numbers | Description |
|---|---|
| 335, 335-1, 320, 325, 100, 330, 405, 405c, 408, 410, 410c, 428, 430, 430c, 455, 455c, 440, 436, 436c, 437, 420, 500, 505, 505c, 506, 508, 513, 514, 515, 515-1, 525, 510, 510 NFP, 510c, 510c NFP, 530, 530c, 540, 545, 545 NFP, 550, 550 NFP, 555, 560, 565, 570, 575, 614, 615, 618, 605, 605c, 606, 620, 625, 630, 670, 680, FRF 908, FRF 910, FRF 911, FRF 912, FRF 913, FOFI 10, FOFI 20, FOFI 30, 520c, 522c, 582 | Cross reference to Volume 2 chapters of PEG have been added to the top of form for additional guidance. |
| ASPE_README, FRF 905 | Update word/excel in PEG audit template based on CPA Canada content. |
Letters with minor revisions
| Form Numbers | Description |
|---|---|
| AL1.2 PRE, AL1.2, AL1.4, AL1.5, AL1.6, AL1.8, AL3.2, 415.PRE, OL3.3, OL1.1, OL1.2, OL1.3, OL1.4, OL1.5 | Quebec practitioners utilize the version has been updated in URL in the guidance section has been updated. |
| AL1.3 PRE, AL1.3 | ASNFPO abbreviation changed from ASNFPO to ASNPO, in addition with Quebec practitioners utilize the version has been updated in URL in the guidance section with content update from CPA Canada. |
| 415 | Quebec practitioners utilize the version has been updated in URL in the guidance section with content update from CPA Canada. |
| 415.1A | ASNFPO abbreviation changed from ASNFPO to ASNPO, in addition with Quebec practitioners utilize the version has been updated in URL in the guidance section with content update from CPA Canada. |
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