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CPA Ontario fines former KPMG Canada partner $50k over failed Laurentian University audit

Laurie Bissonette, who led the KPMG audit engagement team just prior to Laurentian filing for insolvency, also had her fellowship designation suspended

PCAOB inspection report: Almost half of PwC Canada audits included significant deficiencies

PricewaterhouseCoopers lowered its deficiency percentage from 63 to 43 per cent, according to US audit watchdog review of seven audits conducted in 2024

While residents struggle, Peel Region proposes massive tax hike

Difficult to understand need for 80% increase in Peel police budget over five years, say property taxpayers representing Brampton, Caledon, and Mississauga

CPA Ontario fines former KPMG Canada partner $50k over failed Laurentian University audit

Laurie Bissonette, who led the KPMG audit engagement team just prior to Laurentian filing for insolvency, also had her fellowship designation suspended

PCAOB inspection report: Almost half of PwC Canada audits included significant deficiencies

PricewaterhouseCoopers lowered its deficiency percentage from 63 to 43 per cent, according to US audit watchdog review of seven audits conducted in 2024

While residents struggle, Peel Region proposes massive tax hike

Difficult to understand need for 80% increase in Peel police budget over five years, say property taxpayers representing Brampton, Caledon, and Mississauga

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Accounting News

Students

September 2025 CPA CFE results: Congratulations to 4,188 aspiring Canadian accountants!
While the September Common Final Examination honour roll was dominated by students working in public accounting, some surprises, trends emerged
Business

BC towns fight pipeline tax break that would gut municipal budgets
Proposed changes to taxes paid by oil companies would mean $100 more in property tax for every man, woman and child in towns along BC pipeline routes
Profession

Change of leadership at audit watchdog CPAB at critical time for audit, accounting regulation
Former Ontario Securities Commission regulatory executive Sonny Randhawa, CPA, CA to replace Carol Paradine at helm of Canadian Public Accountability Board
Profession

Canadian Public Accountability Board extends enforcement action against Manning Elliott LLP
British Columbia based accounting firm will still be prohibited from accept new high-risk reporting issuer audit clients, says Canadian audit watchdog CPAB
Profession

BC accounting firm DMCL fined for AML/ATF non-compliance by FINTRAC
Canada's financial intelligence unit, the Financial Transactions and Reports Analysis Centre, levied the fine against Dale Matheson Carr Hilton LaBonte LLP

AI won’t replace accountants — it’ll make them indispensable

Accounting firms that modernize their tech stacks, invest in Canadian-compliant AI platforms, and focus on high-impact client service, will lead the future



Confidence is the new currency in the AI economy

The growing partnership between accountants and AI not only transforms accounting but strengthens SMB leadership confidence says Ciarán Quilty of Intuit



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