Do the CASs apply to audits of all entities?
Yes. The auditor’s objectives are the same for audits of entities of different sizes and complexities. This, however, does not mean that every audit will be planned and performed in exactly the same way. The Canadian Auditing Standards (CASs) recognize that the specific audit procedures to be undertaken to achieve the auditor’s objectives and to comply with the requirements of the CASs may vary considerably depending on whether the entity being audited is large or small and whether it is complex or relatively simple. The requirements of the CASs, therefore, focus on matters that the auditor needs to address in an audit and do not ordinarily detail the specific procedures that the auditor should perform.
