New CPA Alberta Practice Reviewers
A new practice reviewer that will be reviewing assurance engagements shall have a minimum experience of
a. five years of recent relevant professional accounting;
b. over any three of the immediately preceding five years, have accumulated the number of hours noted herein, either directly or by persons under the applicant’s supervision:
i. a total of 750 audit engagement hours of experience, with audit engagement being as defined in the Act
ii. a total of 1,500 review engagement hours of experience, with review engagement being as defined in the Act;
c. or equivalent professional experience to provisions 'a' and 'b' above, as determined and evaluated by the Committee.
A new practice reviewer that will be reviewing non-assurance engagements shall have a minimum experience of:
a. five years of recent relevant professional accounting;
b. over any three of the immediately preceding five years, have accumulated the number of hours noted herein, either directly or by persons under the applicant’s supervision:
i. a total of 425 compilation engagement hours of experience, with compilation engagement being as defined by the Act
ii. hours spent on audit or review engagements of historical financial information as defined in the Act may be accepted in place of hours spent on compilation engagements;
c. or equivalent professional experience to provisions 'a' and 'b' above, as determined and evaluated by the Committee.