Toronto Chapter is organising a session on Compilation Engagements on February 23 @ 5:30 pm. 

The new standard on compilation engagements is effective for years ended on or after December 31, 2021.  Whether you are a practitioner, member of the management team or a third party user of these compiled financial statements, CSRS 4200 has changed how these compilations engagements are performed, documented and reported on.  This session will provide you with an understanding of these changes.

Speaker for the session is Ms. Richa Khanna. Richa Khanna is a consultant acting as an advisor to firms, their partners and professional staff on accounting, assurance and quality control matters in an ever-changing reporting and professional standards environment.

She is a former Partner at a mid-sized firm in the GTA and was in-charge of Professional Standards.  While in a partner role, she undertook risk assessment and quality control responsibilities for the partnership. She also provided advise to firm personnel on accounting and assurance related matters and was instrumental in designing the firm’s quality control program and overseeing it, ensuring compliance and continuous improvement. She coordinated the firm’s practice inspection and peer reviews (cyclical monitoring) and was the leader for the firm’s professional development program aimed at new hires, professional staff, and partners.

Richa has been a part-time practice inspector with CPA Ontario. She is currently the Chair, Small and Medium-Sized Practitioners Committee at CPA Canada (Audit and Assurance Taskforce).  She is also a member of the Disciplinary Committee at CPA Ontario.

Richa graduated from Delhi University, India in 1999 with a Bachelor of Commerce (Honours) degree and joined the audit and assurance practice of one of the big four firms in India. At the practice, she qualified as a CA from ICAI in 2003. While working in the audit and assurance practice at one of the big four firms in Canada, she qualified as CPA (Colorado) in 2007 (not active) and Canadian CPA in 2010.  In November 2020, she was admitted as a Fellow Member of ICAI.