Thought Leadership, Research & CPA Spotlights

Early Adoption of Canadian Standards on Related Services (CSRS) 4200, Compilation Engagements

Regulatory Standard Edition: August 2021 | Published: August 6, 2021

Ontario Regulation 324/21 now reflects the new wording in Canadian Standard on Related Services (CSRS) 4200, Compilation Engagements and allows all CPAs—with or without a Public Accounting Licence—to early adopt CSRS 4200 and use the new Compilation Engagement Report.

The regulation, which replaces Ontario Regulation 238/05, was proclaimed into force on April 30, 2021 alongside amendments to the Public Accounting Act, 2004.

CSRS 4200 will replace Section 9200, Compilation Engagements, and Assurance and Related Services Guideline (AuG) 5, Compilation Engagements – Financial Statement Disclosures. CSRS 4200 is effective for periods ending on or after December 14, 2021.

For questions, please contact CPA Ontario’s Professional Advisory Services at 416 204.3106 or 1 800 387.0735, ext. 4456 or by email.