Canadian GAAS definition

Canadian GAAS means generally accepted auditing standards determined with reference to the Handbook;
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Canadian GAAS means Canadian generally accepted auditing standards;
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Canadian GAAS means generally accepted auditing standards determined with reference to the Handbook; (NVGR canadiennes)
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Examples of Canadian GAAS in a sentence

  • Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with Canadian GAAS will always detect a material misstatement when it exists.

  • As part of an audit in accordance with Canadian GAAS, we exercise professional judgment and maintain professional skepticism throughout the audit.

  • Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.As part of an audit in accordance with Canadian GAAS, we exercise professional judgment and maintain professional skepticism throughout the audit.

  • However, if the reporting issuer’s financial statements are audited in accordance with auditing standards other than Canadian GAAS, the corresponding review standards should be applied.

  • Financial statements that are required to be audited must be audited in accordance with Canadian GAAS.

  • If a reporting issuer’s annual financial statements are audited in accordance with Canadian GAAS, the terms “review” and “interim review report” used in subsection 4.3(3) of the Instrument refer to the auditor’s review of, and report on, an interim financial report applying standards for a review of an interim financial report by the auditor as set out in the Handbook.

  • Reasonable assurance is a high level of assurance but is not a guarantee that an audit conducted in accordance with Canadian GAAS will always detect a material misstatement when it exists.

  • The auditor’s report is in the form specified by Canadian GAAS for an audit of financial statements prepared in accordance with a fair presentation framework.

  • For financial years beginning before January 1, 2014, audited financial statements must be accompanied by an auditor’s report prepared in accordance with Canadian GAAS and the following requirements: 1.

  • Basis for OpinionWe conducted our audit in accordance with Canadian generally accepted auditing standards ("Canadian GAAS").


More Definitions of Canadian GAAS

Canadian GAAS means Canadian Generally Accepted Auditing Standards.
Sample 1
Canadian GAAS means those auditing standards which are recognized as being generally accepted in Canada from time to time as set out in the handbook published by the Canadian Institute of Chartered Accountants, consistently applied.
Sample 1

Related to Canadian GAAS

  • Canadian GAAP means Generally Accepted Accounting Principles as provided in the Handbook of the Canadian Institute of Chartered Accountants.

  • GAAP means generally accepted accounting principles in the United States of America in effect from time to time.

  • U.S. GAAP means United States generally accepted accounting principles.

  • Canadian Borrowing Base means, at any time, an amount in Dollars equal to:

  • Canadian means one of the following: (a) a company or association incorporated or organized under the laws of Canada, or its designated representative(s) irrespective of nationality; (b) an agency of a federal, provincial, or local government in Canada, or its designated representative(s) irrespective of nationality; or (c) a self-representing individual who is a Canadian citizen residing in Canada.

  • Canadian Subsidiaries means the Subsidiaries organized under the laws of Canada or any province, territory or other political subdivision thereof.

  • UK GAAP means generally accepted accounting principles in the United Kingdom.

  • Australian Accounting Standards refers to the standards of that name, as amended from time to time, that are maintained by the Australian Accounting Standards Board referred to in section 227 of the Australian Securities and Investments Commission Act 2001 (Cth);

  • U.S. Borrowing Base means, as of any date of determination, the result of:

  • Canadian Pension Plans means each pension plan required to be registered under Canadian federal or provincial law that is maintained or contributed to by a Loan Party or any Subsidiary of any Loan Party for its employees or former employees, but does not include the Canada Pension Plan or the Quebec Pension Plan as maintained by the Government of Canada or the Province of Quebec, respectively.

  • Consolidated Total Borrowings means in relation to the Group, an amount (expressed in Singapore dollars) for the time being, calculated on a consolidated basis, in accordance with generally accepted accounting principles in Singapore, equal to the aggregate of:

  • IFRS means International Financial Reporting Standards.

  • Historical Financial Statements means, as of the Effective Date, (a) the audited consolidated balance sheets and related statements of income, shareholders’ equity and cash flows of Holdings and its Subsidiaries for the fiscal years ended December 31, 2014, December 31, 2015 and December 31, 2016.

  • Canadian Borrower as defined in the preamble hereto.