CAS 200: Overall Objectives of the Independent Auditor
Establishes the overall objectives of the auditor: to obtain reasonable assurance that the financial statements as a whole are free from material misstatement, and to report on the financial statements in accordance with the auditor's findings.
Why CAS 200 matters
CAS 200 is the umbrella standard. Every other CAS exists to operationalize its objectives. Auditus.ai's checklist begins here: if a preparer cannot demonstrate that the file supports reasonable assurance, every downstream finding compounds.
Framework: Canadian Auditing Standards (CAS)
CAS are the auditing standards adopted by the Auditing and Assurance Standards Board (AASB) of CPA Canada. They are Canadian adoptions of the IAASB's International Standards on Auditing (ISAs) and govern every audit of financial statements performed in Canada.
Primary source: FRAS Canada
Frequently asked
What is CAS 200?
Establishes the overall objectives of the auditor: to obtain reasonable assurance that the financial statements as a whole are free from material misstatement, and to report on the financial statements in accordance with the auditor's findings.
Why does CAS 200 matter for an audit?
CAS 200 is the umbrella standard. Every other CAS exists to operationalize its objectives. Auditus.ai's checklist begins here: if a preparer cannot demonstrate that the file supports reasonable assurance, every downstream finding compounds.
Which framework does CAS 200 belong to?
CAS 200 falls under Canadian Auditing Standards (CAS). CAS are the auditing standards adopted by the Auditing and Assurance Standards Board (AASB) of CPA Canada. They are Canadian adoptions of the IAASB's International Standards on Auditing (ISAs) and govern every audit of financial statements performed in Canada.
Related standards — Canadian Auditing Standards (CAS)
- CAS 210 — Agreeing the Terms of Audit Engagements
- CAS 220 — Quality Management for an Audit of Financial Statements
- CAS 230 — Audit Documentation
- CAS 240 — The Auditor's Responsibilities Relating to Fraud
- CAS 250 — Consideration of Laws and Regulations
- CAS 260 — Communication with Those Charged with Governance
See how Auditus checks CAS 200
Auditus.ai runs PCAOB, ISA, and CAS engagements end-to-end and cites the exact standard behind every finding — including CAS 200.