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Other Canadian Standards

Compilation Engagements


Canadian practitioners have indicated that there is a need for a clarified standard that would better meet their needs by providing requirements and guidance on specific matters that have caused confusion and ambiguity in performing compilation engagements.

Staff Contact(s)

Svetlana Berger, CPA, CA, MAcc Associate Director, Auditing and Assurance Standards Board

Project Status

  • Information gathering

    Invitation to Comment issued in October 2010

    Roundtable sessions conducted in early 2011

  • Approving project

    The AASB approved the project in September 2011

  • Consulting stakeholders

    Exposure Draft issued in September 2018

    Stakeholders consulted on preliminary views regarding the development of a new compilation engagements standard 2016

    Lenders surveyed on their perception of compiled financial statements November 2012

    Practitioners surveyed on matters related to the scope of the revised compilation engagements standard October 2017

  • Deliberating feedback

    The AASB is deliberating feedback received on the Exposure Draft

  • Final pronouncement

    Final Handbook material approved in October 2019

    Final Handbook material expected to be issued in February 2020

Compilation Engagements – Resources to help you get ready

Learn more about the key features of the new standard on compilation engagements and the resources available to effectively implement this standard, as well as understand the impact of the changes. Visit this page for full details.


January 31, 2020 Resource, Guidance
Compilation Engagements – Resources to help you get ready

Learn more about the key features of the new standard on compilation engagements and the resources available to effectively implement this standard and understand the impact of the changes. Go to this page to get the full details.

January 29, 2020 Resource, Guidance
AASB Video – Compilation Engagements: A new standard

The AASB is issuing a new standard on compilation engagements and its impact will be felt by practitioners, entities of compiled financial information and users. Watch this brief video, featuring the Chair of the AASB, to learn all about it.

December 10, 2019 News
Update – New Standard on Compilation Engagements: Coming February 2020

The AASB approved a new standard on compilation engagements for release in February 2020. The impact could be significant to practitioners and users. Read about some of its key features.

Meeting & event summaries

October 7, 2019 AASB Decision Summary — October 7-8, 2019

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

The AASB concluded that the revisions to the standard were significantly different from the proposals in the Exposure Draft, “Compilation Engagements." The Board decided not to re-expose the changes as they do not significantly increase the practitioner’s work effort and responsibility. The Board concluded re-exposure would not reveal any new information of which it had not already been made aware. Re-exposure would also unnecessarily delay the implementation of the standard.

Once the Auditing and Assurance Standards Oversight Council confirms that the AASB followed due process with proper regard for the public interest, it is expected CSRS 4200 will be issued in the February 2020 CPA Canada Handbook – Assurance update.

September 10, 2019 AASB Decision Summary – September 9-10, 2019 Meeting

The AASB discussed key issues related to the project to revise Section 9200, Compilation Engagements, including:

  • the subsequent discovery of facts;
  • amendments to the glossary of terms and the preface; and
  • the effective date.

The Board expects to approve the final standard at its October 2019 meeting.

June 10, 2019 AASB Decision Summary — June 10-11, 2019

The AASB discussed key issues stakeholders raised on the Exposure Draft, “Compilation Engagements,” including:

  • the wording and format of the compilation engagement report;
  • the stand back requirement; and
  • the description of the basis of accounting.

At a future meeting, the Board will consider the effective date of the new standard and, if appropriate, approve the final standard.


This project summary has been prepared for information purposes only. Decisions reported are tentative and reflect only the current status of discussions on this project, which may change after further Board deliberations. Decisions to publish Handbook material are final only after a formal ballot process.