Standards

Practice

PCAOB finds fault with half of Ernst and Young Canada audits inspected

US audit watchdog inspection report details audits with multiple deficiencies and potential non-compliance with independence rules over financial relationships
Profession

Sunday News Roundup 24.02.25: Manning Elliott, Aphria ruling, sustainability standards and more Canadian accounting news

Wrapping up the odds and ends from the past week in Canadian accounting news
Profession

Sunday News Roundup 24.02.18: Fairfax’s financials, new trust rules and more Canadian accounting news

Wrapping up the odds and ends from the past week in Canadian accounting news
Profession

Mystery solved: How foreign accounting firms won big in new audit client gains and losses

Among the many curiosities of the 2022 new audit client gains and losses data were the prevalence of foreign firms and the dearth of cannabis companies
Practice

Canadian audit watchdog CPAB bans American accounting firm BF Borgers

The Canadian Public Accountability Board closed 2023 as it had begun — with an enforcement action against an American public accounting firm
Profession

What went wrong at PwC Canada: Accounting firm agrees to pay $1.45-million to settle exam cheating scandal

CPA Ontario’s 15-page settlement agreement provides the most insight yet into widespread answer-sharing on PwC’s mandatory internal training tests
Profession

Canadian accounting firm Manning Elliott sanctioned by US audit watchdog for not disclosing CPAB censure

BC auditor was barred earlier this year by the Canadian Public Accountability Board from accepting new high- and medium-risk reporting issuer clients
Profession

November News Roundup, 23-11: Australian lessons, CEWS clawbacks and more Canadian accounting news

Wrapping up the odds and ends from the past month in Canadian accounting news
Practice

Navigating CSQM 1: Monitoring and Remediation Process, Strengthening Performance

In part two of a two-part series, Kirsten S. Albo of ASK KSA Consulting explores the benefit of the CSQM 1 monitoring and remediation process
Practice

Navigating CSQM 1: Risk Assessment Process, Beyond Manuals

In part one of a two-part series, Kirsten S. Albo of ASK KSA Consulting explores the value of the CSQM 1 risk assessment process for Canadian accounting firms
Profession

Fifth BC accounting firm censured by audit regulator CPAB thus far in 2023

WDM Chartered Professional Accountants censured by the Canadian Public Accountability Board, which has released seven enforcement actions this year
Profession

Multiple deficiencies cited by US audit watchdog in two Canadian firms' inspection reports

The Public Company Accountability Board has released inspection reports for two accounting firms, Crowe MacKay LLP and SRCO Professional Corporation
Practice

CPA Ontario scores two rare regulatory wins against large accounting firms

Million-dollar settlements with Deloitte Canada and Marcum LLP over professional conduct breaches make headlines during uneasy times
Profession

Vancouver accounting firm Smythe LLP censured again by audit watchdogs

Months after Canadian regulator censured Smythe over audit quality, US audit watchdog censures Smythe for using unregistered overseas firms
Profession

Sunday News Roundup 23.10.22: The Big Rift, return of the Roundup, and more Canadian accounting news

Wrapping up the odds and ends from the past week in Canadian accounting news
Profession

CPAB: Mystery Big Four accounting firm will not meet audit threshold this year

Audit regulator's mid-year inspections report suggests Canada’s largest accounting firms are showing little audit quality progress as a group
Profession

PCAOB finds faults in more than half of PwC Canada, BC accounting firms' audits

US audit watchdog releases inspection reports with multiple deficiencies for PwC Canada, De Visser Gray LLP, and Harbourside CPA LLP
Profession

Another BC accounting firm punished by audit regulators

The Public Company Accounting Oversight Board in the United States has censured Canadian firm K.R. Margetson and its principal, Keith R. Margetson
Profession

Sunday News Roundup 23.08.06: CPAB auditor crackdown and more Canadian accounting news

Wrapping up the odds and ends from the past week in Canadian accounting news
Profession

CPAB bans Vancouver accounting firm from auditing publicly listed companies

Audit regulator terminates Hay & Watson audit engagements, censures Calgary-based firm PKF Antares over new audit engagements with risk
Practice

Bill C-47: New rules for reportable and notifiable transactions take effect

Ronald Nobrega and Devon LaBuik of Fasken on the responsibilities imposed on advisors, including tax professionals, by new reportable transactions rules
Practice

Ernst and Young Canada to pay $1.5 million in class action lawsuit over Just Energy audits

The Big Four accounting firm will also provide information relevant to the ongoing litigation against executives censured by the PCAOB
Profession

Sunday News Roundup 23.07.02: ISSB, CSSB, sustainability and more Canadian accounting news

Wrapping up the odds and ends from the past week in Canadian accounting news
Profession

Canadian audit watchdog CPAB sanctions third BC accounting firm this year

Smythe LLP, Manning Elliott LLP, and DMCL have all been barred by the Canadian Public Accountability Board from accepting new, high-risk clients
Profession

Vancouver accounting firm Smythe LLP first Canadian audit firm to be publicly censured by regulator under new disclosure rules

Changes to enforcement disclosure rules by CPAB means more transparency from audit regulator, more public scrutiny of Canadian auditors