Scott Park and Co Inc.

  • Home
  • About Us
  • Services
  • Blog
  • Pricing
  • Reach Us
  • Secure File Transfer
  • Home
  • About Us
  • Services
  • Blog
  • Pricing
  • Reach Us
  • Secure File Transfer

Tri-Cities
Accounting
​ Blog

New Standards for Compilation Engagements

12/3/2021

 
Picture
Scott Park, CPA, CA

A new standard for compilation engagements called Canadian Standard on Related Services (CSRS) 4200, Compilation Engagements has been issued by the Auditing and Assurance Standards Board of Canada. This new standard is a significant update to what was previously called a “Notice to Reader” engagement and is effective for compiled financial information for periods ending on or after December 14, 2021.
 
The new standard will affect the work we do for you when you engage us to help you complete your year end financial statements and related tax return.
 
Following the new standard will require us to spend more time on your year end. The standard setters believe that the changes they have made will help users of compiled financial information have a better understanding of the level of work we have performed as well as the underlying basis of the compiled financial information presented.

Read More

    C A T E G O R I E S

    All
    ACCOUNTING
    BOOKKEEPING
    BUSINESS
    CONSULTING
    NPO & CHARITIES
    STARTUPS
    TAXATION
    VALUATIONS


    P O P U L A R   P O S T S

    December 2021
    December 2020
    October 2019
    August 2019
    June 2019
    November 2018
    August 2018
    July 2018
    June 2018
    May 2018
    December 2017
    October 2017
    September 2017
    July 2017
    September 2016
    July 2016
    March 2016

    RSS Feed


    Subscribe to our mailing list

    * indicates required
HOME   ABOUT  SERVICES  BLOG  PRICING  REACH US  SECURE FILE TRANSFER
​©Copyright 2022 All Rights Reserved l Scott Park & Co Inc.