This site uses cookies to provide you with a more responsive and personalised service. By using this site you agree to our use of cookies. Please read our cookie notice (http://www2.deloitte.com/ca/en/legal/cookies.html) for more information on the cookies we use and how to delete or block them.
The full functionality of our site is not supported on your browser version, or you may have 'compatibility mode' selected. Please turn off compatibility mode, upgrade your browser to at least Internet Explorer 9, or try using another browser such as Google Chrome or Mozilla Firefox.

CSAE 3000, Attestation Engagements Other than Audits or Reviews of Historical Financial Information

Ef­fec­tive date:

Ef­fec­tive for at­tes­ta­tion en­gage­ments where the as­sur­ance re­port is dated on or af­ter June 30, 2017. 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

A direct engagement is an assurance engagement in which the practitioner evaluates the underlying subject matter against applicable criteria and aims to obtain sufficient appropriate evidence to express, in a written direct assurance report, a conclusion to intended users other than the responsible party, about the outcome of that evaluation.

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

Date

De­vel­op­ment

Com­ments

 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.  See Completed Project.

Note: The above sum­mary does not in­clude de­tails of 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.