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CSRS 4200 Compilation Standards: 2022 Edition

  • Accountant
  • CPA (CA)
  • CRMA
  • CGAP
  • CIA
  • IAP
  • QIAL

Published: August, 2022

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Before starting this self study program, please go through the instructional document.

  • Course Description
  • Course Qualification
  • Presenter
  • FAQ

Course Description

Overview

  • What is CSRS 4200?
    8 mins
  • CSRS 4200 overview: Who does it not apply to?
    16 mins
  • CSRS 4200 : Clarification on common issues
    21 mins
  • CSRS 4200 : Notable updates
    46 mins
  • CSRS 4200 : How to streamline the process
    59 mins

Course Description

Some things never change. But the compilation standard isn't one of them. We've developed resources to help you understand why the changes are important and how to communicate and implement them effectively.

It has been almost 35 years since the standard on compilation engagements has been revised. The new Canadian Standard on Related Services (CSRS) 4200, Compilation Engagements, updates and strengthens the requirements and guidance for accepting, conducting and reporting on compilation engagements. Its impact will not only be felt by practitioners, but also by users—including loan officers who use compiled financial information when granting loans or extending credit to small and mid-sized companies.

Major Topics discussed in this CPE/CPD course: 

  • An overview of the new standard, including what has changed, who it applies to when it applies, and why it is being changed.
  • Clarification on 8 common issues practitioners may likely find themselves facing when applying this new standard (including reviewing the revised T2 Schedule 141 for 2022).
  • Notable updates for 2022, including the new Standards of Quality Management (CSQM-1) affecting CPA firms performing compilation engagements.
  • A discussion of where firms end up wasting time in doing compilation engagements and how they can better streamline the process.

In this CPD webinar, Steven Pitucci, a practicing CPA from Toronto, Ontario, discusses the new compilation engagement standards contained in CSRS 4200, including updates affecting these engagements performed in 2022 and onwards.

Here is the link to your interests: CPD Webinar for Canadian CPAs | Accounting & Auditing CPE Courses

Learning Objectives

  • To explain how CSRS 4200 is different from the old HB 9200 standard that it replaces.
  • To analyze how to be more prepared to handle difficult, less talked about situations faced in adhering to the new compilation standards.
  • To discuss the new Standards on Quality Management and be prepared to start designing a system of quality management for the firm they operate in.
  • To analyze how to save time in doing compilation engagements while remaining in compliance with the new standards.

Recommended For

  • This online CPD course is recommended for Canadian CPAs, CIA, IAP, QIAL, CRMA, CGAP, and other accounting and auditing professionals who want to understand everything about new compilation standards contained in CSRS 4200.

Who Should Attend?

  • Auditors
  • Certified Public Accountant (CPA)
  • CPA (Industry)
  • CPA - Large Firm
  • CPA - Mid Size Firm
  • CPA - Small Firm
  • Young CPA

Course Qualification

Webinar Qualifies For

  • 1.5 General Credit of Auditing for Accountant/Bookkeeper/Tax Professionals
  • 1.5 CPD Credit of Auditing for Chartered Professional Accountant (CPA Canada)
  • 1.5 CPE Credit of Auditing for Certification in Risk Management Assurance (CRMA)
  • 1.5 CPE Credit of Auditing for Certified Government Auditing Professional (CGAP)
  • 1.5 CPE Credit of Internal Auditing for Certified Internal Auditors (CIA)
  • 1.5 CPE Credit of Auditing for Internal Audit Practitioner (IAP)
  • 1.5 CPE Credit of Auditing for Qualification in Internal Audit Leadership (QIAL)

Additional details

  • Course Level :
    Basic
  • Credits :
    1.5
  • Instructional Method :
    QAS Self Study
  • Pre-requisites :
    None
  • Advance Preparation :
    None

Presenter

About Presenter

Steven Pitucci, CPA, CA

Founder, Steven Pitucci

Steven Pitucci is a Chartered Professional Accountant and owner of two public accounting practices in Toronto, Ontario. In both practices, Steven has focused on transitioning clients from archaic accounting systems to modern, advanced, cloud-based technology while ensuring that they remain compliant with tax authorities. Steven is also a public speaker and presenter for both small business owners and other CPAs across Canada.

Faq

FAQs content

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  • You must attend complete live webinar and respond to all polling questions asked during the webinar. Credits would be issued on 50 minute credit hour basis.
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