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Professional Engagement Guide (PEG)

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(aussi disponible en français)

Professional Engagement Guide (PEG) - This product is available in the following media types: Internet Collection

The PEG is designed to provide practical step-by-step guidance to practitioners and their staff in conducting audit, review, compilation and compliance reporting engagements for small and medium-sized entities.

The PEG also promotes consistent application of the Canadian Auditing Standards and the Other Canadian Standards included in the CPA Canada Handbook – Assurance.

To see what’s included in the Professional Engagement Guide (PEG), click here

Practice management, Advisory, Compilation and Tax Guide (PACT) -Special registration offers

CPA Canada is developing a new a resource called the PACT, which will be released in November 2020. Developed with the needs of the small to medium sized practitioners in mind, it will consist of guidance, practice aids and links to resources on topics related to practice management, advisory, compilations and tax.

The PACT will be available as a subscription for $355 (up to 5 users). For current PEG subscribers, there will be a discount offered to purchase the PACT for $175. The discount code will be available on, on the PEG Resource Center page when the guide is available for sale.

Professional Engagement Guide (PEG) includes access to the following title(s):

ItemItem no.PriceQuantity
Internet CollectionAnnual Internet Subscription   
Initial Office License (5 users)
Internet CollectionAnnual Subscription - Internet and Paper (two volumes)   
Initial Office License (5 users)
add to cart   
Prices may change without notice. User license policies

*Special Member Pricing will be displayed for CPA Canada members upon login


Unfortunately, due to delays caused by the current pandemic, PEG will be released in two phases. The Practice Aids and Volume 1 are currently available on Knotia. Volume 2, case studies, and rest of the contents will be available in October. Significant changes this year include the following:

Compilation Engagements, CSRS 4200 – (New Section – Knotia only):

  • A new section was created for all resources related to the new compilation engagements standard. This includes a new chapter in Volume 1 (Chapter 45), new chapters in Volume 2 (Chapters 35 – 38) and practice aids (including forms, checklists, reports, and letters). The standard takes effect for compiled financial information for periods ending on or after December 14, 2021, with early application permitted.
Practice Aids and FRF forms:
  • Major changes have been made to various forms to include the new requirements from revised CAS 540, Accounting Estimates and Related Disclosures
  • Moderate changes have been made to practice aids as well as the Financial Reporting Framework (FRF) forms to reflect the changes to the ASPE standards relating to Section 3856, Financial Instruments.
Volume 1 and 2:
  • Updates in both volumes reflecting the changes made to CAS 540, Auditing Accounting Estimates and Related Disclosures.
  • On Knotia, the introduction chapters have been separated out as a stand-alone section. Additionally, the volumes are provided as a PDF, making searching for individual topics easier.
Volume 3: Case Studies (New Section - Knotia only)
  • Case studies have been reorganized to provide easy access to the material. Grouped by audit and review each case study includes written explanations along with the related filled-in forms
For detailed information on What’s New for PEG 2020 (including Practice Aids) click here


If you have any questions about, setting up an account or adding users to your online licence, please contact our Technical Support team at or call our dedicated Customer Service team at 1-800-268-3793.

For a product assessment, trial, demo or bulk pricing, contact your sales representative at 1-855-769-0905 or email


Get the most up-to-date information with the online version of PEG, available on Linked, and fully searchable, the Knotia format provides you with online access to the guidance you need. Note that Knotia houses the official version of PEG. In order to ensure that subscribers receive the most current information relating to engagements in Canada, the Knotia version will be updated throughout the year as changes and additional resources become available.

Get the best of both worlds with the PEG print/Knotia combo. This cost-effective package combines the value of the two-volume print set with the ease and search capabilities of the Knotia online version.

Publication Date: August 2020

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