CAS 250: Consideration of Laws and Regulations
Requires the auditor to consider laws and regulations whose non-compliance could have a material effect on the financial statements (NOCLAR).
Why CAS 250 matters
Tax, environmental, employment, securities, and industry-specific regulation all sit here. Public issuers add securities-law compliance (NI 51-102, NI 52-109).
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 250?
Requires the auditor to consider laws and regulations whose non-compliance could have a material effect on the financial statements (NOCLAR).
Why does CAS 250 matter for an audit?
Tax, environmental, employment, securities, and industry-specific regulation all sit here. Public issuers add securities-law compliance (NI 51-102, NI 52-109).
Which framework does CAS 250 belong to?
CAS 250 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 200 — Overall Objectives of the Independent Auditor
- 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 260 — Communication with Those Charged with Governance
See how Auditus checks CAS 250
Auditus.ai runs PCAOB, ISA, and CAS engagements end-to-end and cites the exact standard behind every finding — including CAS 250.