An issue of attestation
Article Abstract:
The Canadian Institute of Chartered Accountants (CICA) asked the opinions of accounting authorities and the public on the existing attestation standards for service engagements that are assurance-based. CICA hopes to use the opinions in developing a new set of accounting standards for practitioners in Canada. The CICA initiative establishes two kinds of assurance-based engagements: direct reporting and attest engagements. The initiative suggests that the difference between the two engagements rests on the kind of written assertions required by each of them.
Publication Name: CA Magazine
Subject: Business
ISSN: 0317-6878
Year: 1992
User Contributions:
Comment about this article or add new information about this topic:
An impossible fit
Article Abstract:
The Canadian Institute of Chartered Accountants (CICA) issues paper entitled 'Standards for assurance-based service engagements' provides guidelines for review engagements. A review engagement is a report prepared by an accountant wherein the reliability of the client's financial statements is discussed. However, the plausibility standard proposed by the CICA's issues paper should be reexamined or replaced. A new standard which sufficiently explains the provision of negative assurance is preferable.
Publication Name: CA Magazine
Subject: Business
ISSN: 0317-6878
Year: 1993
User Contributions:
Comment about this article or add new information about this topic:
GAAP vs. AADBA
Article Abstract:
Financial statements are mostly prepared using generally accepted accounting principles. The Canadian Institute of Chartered Accountants (CICA) suggests another way in which general-purpose financial statements may be prepared. Called appropriate disclosed basis of accounting, the CICA Handbook is not clear in delineating between the two accounting standards and the circumstances calling for use of one over the other.
Publication Name: CA Magazine
Subject: Business
ISSN: 0317-6878
Year: 1992
User Contributions:
Comment about this article or add new information about this topic:
- Abstracts: A promise of protection. Jupiter Income. Everything themes fine
- Abstracts: Using protection. Dispelling some myths. Measure for measure
- Abstracts: ICAS seeks RPB status. SIB rules and policy proposals. Self regulation - have they got it right?
- Abstracts: Accounting without inflation. A guide to good practice. Accounting for the effects of changing prices
- Abstracts: Flying in the face of convention. Success in a nutshell. The unfriendly skies