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Canadian Auditing Standards (CAS) — the framework

Lesson 1 of 3 in Audit, Internal Control & Risk English · 22 minutes

CAS are Canada's audit standards, harmonized with International Standards on Auditing (ISA). This lesson covers the framework, key standards, and how they shape audit work.

What you'll learn

  • Understand CAS framework and its relationship to ISA
  • Identify key CAS standards in audit work
  • Apply audit risk model concepts
  • Use CAS terminology professionally

From the lesson

Canadian Auditing Standards (CAS) form the framework for all financial statement audits in Canada. They're issued by AASB (Auditing and Assurance Standards Board) and harmonized with International Standards on Auditing (ISA). For IEP accountants entering Canadian audit, understanding CAS is foundational. This lesson covers the framework.

1. The CAS framework — what it is

Canadian Auditing Standards (CAS): • Issued by AASB (Auditing and Assurance Standards Board) under CPA Canada. • Effective for audits of financial statements in Canada. • Harmonized with International Standards on Auditing (ISA). • A full set of standards covering every stage of the audit. Check the CPA Canada Handbook…