Three opportunities to help shape the future of the profession

Three opportunities to help shape the future of the profession

Have your say!  There are some upcoming opportunities for Alberta CPAs to contribute to the development of standards and financial reporting in Canada.

AASB Roundtable Discussions

The Auditing and Assurance Standards Board (AASB) will be hosting two roundtable discussions this December, in Calgary and Edmonton. As a CPA, your review and input play an important role in developing the future of the profession and its standards. Details on the roundtables are below. If you would like to participate in them or have any questions, please contact Larry Brownoff, Director, CPA Alberta Professional & Career Services at lbrownoff@cpaalberta.ca.


Exploring the Demand for Agreed-Upon Procedures Engagements and Other Services, and the Implications for the IAASB’s International Standards

Introduction

The International Auditing and Assurance Standards Board’s (IAASB) Agreed-upon Procedures Working Group developed a Discussion Paper, “Exploring the Demand for Agreed-Upon Procedures Engagements and Other Services, and the Implications for the IAASB’s International Standards.” Staff of the Auditing and Assurance Standards Board (AASB) and the IAASB Working Group are holding in-person roundtable discussions across the country to gain feedback, including sessions in Calgary and Edmonton. The views express will inform the IAASB as it looks to revise its agreed-upon procedures standard, and help the AASB assess if the proposed standard is in the Canadian public interest and would meet the needs of Canadian stakeholders.

Take advantage of this opportunity to provide your views directly to the IAASB Working Group.

Pre-reading

In preparation for the roundtable discussion, you are expected to:

  • read the draft Discussion Paper;
  • carefully consider the preliminary views presented in the paper; and
  • be ready to provide your perspective. (If you disagree with any of the views presented in the paper, please explain your reasoning and suggest an alternative approach.)

Calgary – December 7
Edmonton – December 8

Compilation Engagements: Exploring Options for Change

Introduction

The Auditing and Assurance Standards Board’s (AASB) Compilation Engagements Task Force developed a Consultation Paper, “Compilation Engagements: Exploring Options for Change,” that needs your feedback!

The Paper describes issues with the existing CPA Canada Handbook – Assurance Section 9200, Compilation Engagements. It then sets out the Task Force’s preliminary views on the guiding principles to be used in developing a revised standard on compilation engagements and possible wording for the revised standard.

The Chair of the Compilation Engagements Task Force and the AASB staff are holding roundtable discussions across the country to hear stakeholders’ views on the proposals in the Consultation Paper. These, too, will be held in both Edmonton and Calgary. Input provided at the roundtables will inform the Task Force and the AASB as they determine the way forward through the Compilation Engagements project, including whether to develop an Exposure Draft of a revised standard.

Pre-reading

In preparation for the roundtable discussion, you are expected to:

  • read the Consultation Paper;
  • carefully consider the preliminary views presented in the paper; and
  • be ready to provide your perspective. (If you disagree with any of the views presented in the paper, please explain your reasoning and suggest an alternative approach.)

Calgary – December 7
Edmonton – December 8


Volunteer Opportunity – Agriculture Advisory Group

Are you interested in helping the Accounting Standards Board (AcSB) shape the future of financial reporting for the agricultural sector? If so, apply to volunteer for its new Agriculture Advisory Group. This group, in conjunction with the Private Enterprise Advisory Committee, will act in an advisory capacity to assist the AcSB in developing accounting standards for private enterprises in the agricultural sector. Group members will be from a variety of backgrounds, including preparers, users and accounting practitioners involved with this sector’s financial statements and from various geographical locations.

Requirements

The AcSB are looking for applicants who:

  • reflect a broad diversity of agricultural activities in Canada; and
  • have an in-depth knowledge of accounting practices for this sector.

Preference will be given to users that provide resources to agricultural enterprises, as well as preparers and practitioners of their financial statements, in order to maintain a balance of member backgrounds.

Commitment

Group members are expected to prepare for and participate in:

  • four or five meetings per year, including full-day working sessions; and
  • short interim teleconferences.

Appointments are generally for a three-year term.

Out-of-pocket expenses will be reimbursed. The working language of the Group is English.

To apply, send a current resumé to Marites Alvarez, at malvarez@cpacanada.ca, by January 3, 2017.

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