We are seeking practitioners from firms of all sizes to field-test selected requirements in our Exposure Draft, “Proposed CSRS 4250, Compilation Engagements on Future-oriented Financial Information and Pro Forma” (ED-CSRS 4250).
Our objective with field-testing is to obtain real-time input on whether select requirements and related application material are implementable and understandable. Practitioners play a crucial role in the field-testing process.
Key details for volunteers
- Anticipated time commitment:
Field-testing is expected to take approximately 10-15 hours.
- Process:
1) AASB staff will provide pre-reading material and hold a virtual education session to help participants begin the field test. The education session will include discussion of the proposed changes in ED-CSRS 4250 to help participants bridge their knowledge of performing compilation engagements on future-oriented financial information (i.e., projections and forecasts) and pro forma.
2) Participants will field-test select requirements in ED-CSRS 4250 on one to two samples of their compilation engagement files. AASB staff will provide a spreadsheet to track field-testing results. Please ensure that all entity and client-specific information is redacted.
3) We will hold a virtual debrief meeting, during which all participants and AASB staff will discuss the aggregate results.
- Key dates:
October 23 - Information session for participants
November 13 - Optional drop-in session for field-testing questions from participants
December 11 - Debrief meeting
Contact us
Please contact Amalia Spensieri, Principal, Auditing and Assurance Standards Board, at [email protected] to register for field-testing or for further information on the opportunity.
We value diversity and are committed to cultivating an inclusive, accessible environment where our volunteer base feels respected, valued and supported and is reflective of the Canadians we serve.
The AASB encourages all qualified candidates to register online. If you require a disability related accommodation to participate in our volunteer recruitment process, please email us at [email protected] and we’ll be happy to work with you to meet your needs as they relate to interviewing for these volunteer positions.