Solutions for Chapter 19- Other Audits,
Assurance engagements, and related
services
Other Canadian Standards - ANSstandards issued by CPA Canada for engagements other than
audits of financial statements.
Historical financial information - ANSinformation expressed in financial terms in relation to a
particular entity, derived primarily from that entity's accounting system, about economic events
occurring in past time periods or about economic conditions or cirumstances at points in time in
the past.
General-purpose financial statements - ANSstatements used by all users for general purposes
set out in applicable accounting framework.
Special-purpose financial statements - ANSstatements used by some users for specific
purposes set out in a special-purpose financial reporting framework.
Practitioner - ANSa professional accountant in public practice.
Review engagement - ANSnon-audit engagement that consists primarily of inquiry, analytical
procedures, and discussion. The practitioner's conclusion is based upon the practitioner
obtaining limited assurance.
Limited assurance - ANSthe level of assurance obtained where engagaement risk is reduced to
a level that is acceptable in the circumstances of the engagement, but where that risk is greater
than for a reasonable assurance engagement as the basis for expressing a conclusion in
accordance with CSRE 2400.
Compilation engagement - ANSnon-audit engagement in which the public accountant provides
assistance in compiling financial information but is not expected to provide assurance about the
statements.
Assurance engagement - ANSan engagement in which the practitioner obtained sufficient
appopriate evidence to express a conclusion to users about the outcome of the measurement or
evaluation of an underlying subject mater against criteria.
Attestation engagement - ANSa special form of assurance engagement, such as a financial
statement audit, in which the auditor evaluates the information provided by one party, using
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