Other Canadian Standards

Effective Dates – Other Canadian Standards

About Proposed Effective Dates

Draft pronouncements are subject to change. As part of the consultation process, the public is encouraged to review and provide feedback on proposed effective dates and other aspects of proposed new or revised standards.

Pronouncement

Application

December 15, 2026:

Proposed Canadian Standard on Sustainability Assurance (CSSA) 5000 – General Requirements for Sustainability Assurance Engagements

The IAASB expects to approve the final ISSA 5000 in September 2024.

The IAASB proposes that ISSA 5000 be effective for [periods beginning/as at a specific date] on or after approximately 18 months after the approval of the final ISSA. The CSSA is expected to have the same effective date.

About Final Effective Dates

Final pronouncements are standards that are board approved. This section may not include consequential amendments resulting from the issuance of new standards or minor updates to existing standards. For comprehensive details, please refer to the CPA Canada Handbook – Assurance on Knotia.ca.

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Final Pronouncement

Application

December 15, 2023:

CSQM 1, Quality Management for Firms that Perform Audits or Reviews of Financial Statement, or Other Assurance or Related Services Engagements

Systems of quality management in compliance with CSQM 1 for related services engagements are required to be designed and implemented by December 15, 2023, and the evaluation of the system of quality management is required to be performed within one year following December 15, 2023.

CSQM 2, Engagement Quality Reviews

Effective for related services engagements beginning on or after December 15, 2023.