Auditor reporting guide: reporting implications of Canadian Auditing Standards (CAS)

Auditor reporting guide: reporting implications of Canadian Auditing Standards (CAS)

Take advantage of CPA Canada’s reporting guide for Canadian Auditing Standards (CAS), which aims to promote consistency in the form and content of practitioners’ reports by providing guidance with respect to commonly occurring reporting circumstances.

Reporting Implications of the Canadian Auditing Standards has been developed by the Reporting Implications of Assurance Standards Task Force. The material in this guide represents the views of the task force. (Note: This guide does not amend or override auditing or review standards, the texts of which alone are authoritative, nor does it necessarily address all audit reporting changes resulting from the CAS.)


  • A new chapter, Chapter 13: Key Audit Matters (KAMs), has been added to the guide to assist the auditor when CAS 701, Communicating Key Audit Matters in the Independent Auditor’s Report applies.
  • The Q&As summarize how key audit matters are to be communicated in the auditor’s report and the reporting implications on key audit matters when the auditor is found to be in different reporting situations.
  • New Q&As have been added to the following chapters:
    • Chapter 2: Addressing and Dating of the Report — Q&A 1 —Who is the appropriate addressee of the report?
    • Chapter 12: Group Audits — Q&A 4 — If the auditor is both the group auditor and the component auditor for all components in the group, is the group auditor responsibility paragraph included?
    • Chapter 14: Other Information — Q&A 8 — What are the reporting implications when the opinion is qualified due to a scope limitation?
  •  A new illustration has been added to Chapter 14: Other Information — Illustration 4 — A not-for-profit entity other than a listed entity, with a qualified opinion when the auditor has obtained all of the other information prior to the date of the auditor’s report and there is a limitation of scope related to the completeness of revenue.

Read the full article and access the guide on CPA Canada’s website.