AuG-50, Conducting a Performance Audit in the Public Sector in Accordance with CSAE 3001
Effective date: |
Effective on its date of issue of August 1, 2020. |
Overview
Assurance and Related Services Guideline (AuG) 50, Conducting a Performance Audit in the Public Sector in Accordance with CSAE 3001, provides guidance on planning, conducting and reporting on a performance audit in the public sector in accordance with Canadian Standard on Assurance Engagements (CSAE) 3001, Direct Engagements.
With the issuance of AuG-50, the following Sections have been withdrawn:
- Section PS 5000, Introduction to Assurance Recommendations that apply only to the Public Sector;
- Section PS 5400, Value-for-money Auditing in the Public Sector;
- Section PS 6410, Planning Value-for-money Audits in the Public Sector; and
- Section PS 6420, Knowledge of the Audit Entity in Planning Value-for-money Audits in the Public Sector.
As a result of issuing AuG-50, amendments were also made to CSRS 4460, Reports on Supplementary Matters Arising from an Audit or a Review Engagement.
History of AuG-46
Date |
Development |
Comments |
August 2020 |
Issued to the CPA Canada Handbook – Assurance replacing: (i) Section PS 5000, Introduction to Assurance Recommendations that apply only to the Public Sector; (ii) Section PS 5400, Value-for-money Auditing in the Public Sector; (iii) Section PS 6410, Planning Value-for-money Audits in the Public Sector; and (iv) Section PS 6420, Knowledge of the Audit Entity in Planning Value-for-money Audits in the Public Sector. See Completed Project. |
AuG-50 is effective on its date of issue of August 1, 2020. |
Note: The above summary does not include details of consequential amendments made as the result of other projects.
Amendments under consideration
- None