In this webinar, we will first examine how the coronavirus has disrupted the ways in which review and compilation engagements are conducted. For example, inquiry (per the Canadian Standard on Review Engagements 2400 par.5) is a primary way to obtain sufficient appropriate evidence for a review engagement. However, our ability to communicate with our clients has been complicated by social distancing and working remotely. Also, Canadian Standards on Related Services (CSRS) 4200 will be replacing Compilation Standards 9200. This new standard contains increased demands for documentation that will require more communication with clients.
The consequence for our profession is a need to reexamine how we plan and conduct the reviews and compilations for many of our clients as the same as last year (SALY) approach may be inefficient and impractical because of the pandemic.
In this webinar, we will examine key areas of the Canadian Standard on Review Engagements (CSRE) 2400 and provide alternative ways of gathering evidence that may be more efficient and reliable during the pandemic. We will examine CSRS 4200 to help practitioners prepare for the changes. We will also provide best practices to help practitioners communicate with their teams and clients.