CPA Canada Guide SOC 1® Reporting on Controls at a Service Organization Relevant to User Entities' Internal Control Over Financial Reporting |
 | (en anglais seulement)
Updated as of September 2019 the CPA Canada Guide SOC 1® Reporting on Controls at a Service Organization Relevant to User Entities' Internal Control Over Financial Reporting is a practical resource for practitioners engaged to report on a service organization’s controls, It will assist practitioners performing engagements under the Canadian Standard on Assurance Engagements (CSAE) 3416, Reporting on Controls at a Service Organization Relevant to User Entities’ Internal Control Over Financial Reporting.
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GUIDANCE FOR CANADIAN PRACTITIONERS ENGAGED TO REPORT ON CONTROLS AT A SERVICE ORGANIZATION
A practical resource for practitioners engaged to report on a service organization’s controls relevant to user entities’ internal control over financial reporting. The CPA Canada Guide SOC 1® Reporting on Controls at a Service Organization Relevant to User Entities' Internal Control Over Financial Reporting, will assist practitioners performing engagements under CSAE 3416.
This Guide is a non-authoritative resource which has been adapted by CPA Canada from the AICPA version to meet Canadian standards. Key topics include:
- non-authoritative guidance on performing and reporting on SOC 1® engagements
- understanding the difference between and type 1 and type 2 SOC 1® Report
- illustrative management statements and management representation letters
- illustrative service auditor’s reports, including reporting in accordance with both Canadian and international or Canadian and US standards
Standards Update
Practitioners should be aware of the following key changes in assurance standards since the previous version of the CPA Canada SOC 1® Guide:
- Section 5025, Standards for Assurance Engagements Other Than Audits of Financial Statements and Other Historical Financial Information was replaced by Canadian Standard on Assurance Engagements (CSAE) 3000, Attestation Engagements Other Than Audits or Reviews of Historical Financial Information and CSAE 3001, Direct Engagements for reports dated on or after June 30, 2017
- CSAE 3416, Reporting on Controls at a Service Organization Relevant to User Entities’ Internal Control Over Financial Reporting was revised in September 2019 and is effective for service auditors' reports for periods ending on or after September 15, 2020
RELATED PUBLICATIONS
CPA Canada Guide SOC 2® Reporting on Controls at a Service Organization Relevant to Security, Availability, Processing Integrity, Confidentiality or Privacy
SOC for Cybersecurity: CPA Canada Guide: Reporting on an Entity's Cybersecurity Risk Management Program and Controls ISBN: 978-1-55385-748-8 Publication Date: September 2019 |
