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CAS 300, Planning an Audit of Financial Statements

Ef­fec­tive date:

Effective for audits of financial statements for periods ending on or after December 14, 2010

[Canadian Auditing Standard (CAS) 300, Planning an Audit of Financial Statements, should be read in conjunction with CAS 200, Overall Objectives of the Independent Auditor and the Conduct of an Audit in Accordance with Canadian Auditing Standards.]


This Canadian Auditing Standard (CAS) deals with the auditor's responsibility to plan an audit of financial statements. This CAS is written in the context of recurring audits. Additional considerations in an initial audit engagement are separately identified within the CAS.

The objective of the auditor is to plan the audit so that it will be performed in an effective manner. Planning an audit involves establishing the overall audit strategy for the engagement and developing an audit plan.

His­tory of CAS 300

There have been no amend­ments to CAS 300 since its date of is­sue.

Note: Our his­tory sum­mary does not take into ac­count con­se­quen­tial amend­ments made as the re­sult of other pro­jects.

Amend­ments un­der con­sid­er­a­tion

  • None

Correction list for hyphenation

These words serve as exceptions. Once entered, they are only hyphenated at the specified hyphenation points. Each word should be on a separate line.