Accounting and assurance standards – What’s new for 2022-2023

Length: 2 h 30

New training for 2022-2023


Over the past year, CPA Canada has issued fewer new publications, but many of the changes announced in recent years are coming into force. Your responsibilities as a CPA are to know, understand, master, and apply the new requirements in both assurance and accounting standards.

Objectives for the day:

  • To identify and understand the changes made to the standards
  • To understand practical applications of these new requirements in the documentation of assurance files
  • To determine the changes required in the financial statements and the impact of applying them in disclosures

Too often, professional inspection criticize practitioners for not being up-to-date on the latest changes. So let’s be proactive with this course.



  • What’s new:
    • No new chapter
  • Changes:
    • Section 3065, Leases
      • Adjustment for rent concessions during a pandemic
    • Annual improvements to ASPEs for 2022
      • Waiting for publication
    • Annual improvements to PSASs 2022
      • Waiting for publication
  • New applications of prior amendments:
    • New Section 3041, Agriculture
      • Agricultural inventories and biological assets
    • Amendment to Section 3400, Revenue
      • Bill and hold arrangements
      • Multiple elements
      • Percentage of completion method


  • What’s new:
    • Revised CAS 600, Special Considerations — Audits of Group Financial Statements (including the Work of Component Auditors)
  • New applications of prior amendments:
    • Revised CAS 315, Identifying and Assessing the Risks of Material Misstatement (RMM)
      • Identify new requirements and criteria for the auditor’s assessments of the appropriate RMM
      • Introduce the concept of significant classes of transactions and significant disclosures
      • Separate the assessment of inherent risk from control risk
      • New audit file documentation requirements and use of new Paradigme audit questionnaires
    • The firm’s system of quality management (SQM)
      • CSQM 1, Quality Management for Firms that Perform Audits or Reviews of Financial Statements, or Other Assurance or Related Services Engagements
      • CSQM 2, Engagement Quality Reviews
        • Inclusion of related services, 4200 Compilation Engagements, 4400 Agreed-Upon Procedures Engagements, 4460 Reports on Supplementary Matters Arising from an Audit or a Review Engagement
        • Components of the SQM
        • New QMS designs by December 15, 2022 and/or December 15, 2023 for related services
  • Current topics
    • Professional skepticism — advice for remote audits
    • Fraud and going concern; what is your role?

Last but not least

  • Presentation of the changes made to Paradigme Questionnaires
  • Discussion of the changes’ impacts on work methodology
  • Comments from professional inspection by the Ordre des CPA du Québec
  • Discussion with participants


Please contact André Mignault at 514-686-7341 to schedule your training.

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