CSAE 3000, Attestation Engagements Other than Audits or Reviews of Historical Financial Information
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Effective date: |
Effective for attestation engagements where the assurance report is dated on or after June 30, 2017. except for subsequent amendments. For engagements before this effective date, practitioners may continue to refer to the standards replaced by this section which are detailed below under the History of Section 3000. |
Overview
Canadian Standard On Assurance Engagements (CSAE) 3000 was adopted from ISAE 3000, Assurance Engagements Other than Audits or Reviews of Historical Financial Information, which was issued in December 2013 by the IAASB.
A practitioner in Canada performing an attestation engagement needs to comply with CSAE 3000 and other Canadian standards that apply to the engagement. The AASB was not committed to adopting ISAE 3000. Therefore, CSAE 3000 contains Canadian amendments to address differences between ISAE 3000 and the applicable Canadian assurance standards. These differences include: (i) narrowing the scope of CSAE 3000 to address attestation engagements only; (ii) references to relevant ethical requirements; and (iii) terminology.
CSAE 3001, Direct Engagements, which was issued at the same time as CSAE 3000, deals with similar engagements that are direct engagements. CSAE 3001 sets out the requirements related to planning, performing and reporting on direct engagements. Differences in wording between CSAE 3000 and CSAE 3001 relate only to differences between the performance of an attestation engagement and the performance of a direct engagement.
History of Section
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Date |
Development |
Comments |
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July 2015 |
Issued to the CPA Canada Handbook – Assurance, together with CSAE 3001, replacing: (i) Section 5025, Standards for Assurance Engagements other than Audits of Financial Statements and Other Historical Financial Information; (ii) Section 5030, Quality Control Procedures for Assurance Engagements other than Audits of Financial Statements and Other Historical Financial Information; (iii) Section 5049, Use of Specialists in Assurance Engagements other than Audits of Financial Statements and Other Historical Financial Information; and (iv) Section 5050, Using the Work of Internal Audit in Assurance Engagements other than Audits of Financial Statements and Other Historical Financial Information. |
Effective for attestation engagements where the assurance report is dated on or after June 30, 2017. |
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August 2020 |
Paragraph 34 was amended to reflect changes in the provincial Codes of Professional Conduct. See Completed Project. |
The changes are effective July 15, 2020. |
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November 2021 |
On November 1, 2021, non-authoritative guidance published by the AASB to support practitioners undertaking EER assurance engagements in Canada using CSAE 3000 was added to the CPA Canada Handbook - Assurance. The material provides further guidance to Canadian practitioners on: (i) when to use the guidance; (ii) the differences between ISAE 3000 (Revised), and CSAE 3000; (iii) accessing the IAASB guidance; and (iv) other resources. |
Not applicable |
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May 2022 |
Relates to conforming amendments to Other Canadian Standards resulting from the approval of CSQM 1. Paragraphs 21-23, 31-36 and C69 have been amended. See Completed Project. |
The changes are effective for periods beginning on or after December 15, 2022. |
Note: The above summary does not include details of consequential amendments made as the result of other projects.
Amendments under consideration
- None
