What's Coming

The move to Canadian Auditing Standards (CAS)
The CICA is adopting the ISAs in Canada. For guidance on the transition, visit the CICA's Transition to International Standards website.

The move to International Financial Reporting Standards (IFRS)
Download FocusROI's most recent IFRS presentation. This high level overview will provide you with key points in the IFRS changes and links to other IFRS information.

PCAOB – proposed audit standards for US public companies
Visit the PCAOB website for details of proposed standards.

Hot Topics

IFAC have issued Proposed International Standards on:

· Compilation engagements (Oct 2010)
International Standard on Related Services (ISRS) 4410, Compilation Engagements.

Download the exposure draft from
http://www.ifac.org/Guidance/EXD-Details.php?EDID=0144

· Review Engagements (Jan 2011)
ISRE 2400 (Revised), Engagements to Review Historical Financial Statements

Download the exposure draft from
http://www.ifac.org/Guidance/EXD-Details.php?EDID=0153

Comments can be sent to the CICA by April 16 or to IFAC directly by May 20, 2011