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CPA Canada: Risk assessment of not-for-profit organizations (NFPOs) under Canadian Auditing Standards (CAS)

Published on: Apr 01, 2014

Guide for Auditors: Audits of Not-for-Profit Organizations: Risk Assessment under Canadian Auditing Standards addresses key issues likely to arise when applying the risk assessment standards set out in CAS in an audit of an NFPO.

You will learn about:

  • characteristics of NFPOs
  • engagement risks and independence issues
  • materiality issues
  • identifying and assessing risks of material misstatements in an NFPO audit (overview)
  • assessed risks at the financial statement level
  • assessed risks at the assertion level


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