Colin Ellis

Editor-in-Chief

Recent Blog Posts By Colin Ellis

Seven reasons why you should attend Accountex Canada 2023 this week

There’s still time to attend one of the premier accounting conferences of the year, taking place this Wednesday and Thursday at the Metro Toronto Convention Centre

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

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

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

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

2023 Canadian Accounting Hall of Fame inductees includes forensic accountant Al Rosen, prominent critic of profession

Founders of the Profession category includes critic of international financial reporting standards, cannabis company accounting, audit scandals and more

Accounting for the Greenbelt giveaway: Auditor General report proves Doug Ford gave Ontarians no value for their money

Ford has disparaged Bonnie Lysyk, FCPA, FCA, whose decade-long tenure has come full circle with a special report on a deal that favoured developers

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

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

Special Report: Foreign accounting firms dominated Canadian mid-tiers in 2022 and the audit regulator is concerned

Audit firms based in the United States made the most net client gains in the Canadian mid-tier accounting sector, according to data compiled by Audit Analytics

Special Report: KPMG Canada beats Big Four accounting rivals in net new client gains

But Ernst and Young Canada was the real winner in new audit engagements in 2022, according to data compiled by Audit Analytics

Top accountant’s jump between two sustainability standards boards puts focus on new CSSB

Do recent appointments to the new Canadian Sustainability Standards Board, including new chair Charles-Antoine St-Jean, balance global standards with Canadian special interests?

Special Report: Overall audit quality drops at Canadian accounting firms as audit regulator pursues more transparency

Canadian Public Accountability Board annual inspection report reveals poor performance overall exaggerated by some audit firms

Canadian accountants take note as SEC reminds accounting firms of the rules involving other auditors

KPMG Canada fined in 2022 over use of other auditors in multinational audit

US audit watchdog published more Canadian public accounting firm inspection reports in 2022 than it had in five years

The PCAOB’s bite is now bad as its bark after a year of renewed vigilance

US audit and accounting watchdog censures Ernst & Young Canada partner

US Public Company Accounting Oversight Board levies fine on Canadian accountant over treatment of receivables allowance in audit engagement

Canadian Accountant’s most popular stories of 2022

The top five stories and some honourable mentions from the past year’s reporting

Billing Bad: When accountants and clients disagree over accounting fees

A small claims court decision over billing offers lessons to accountants and clients

Why is the Ontario Securities Commission examining Canadian audit firm ethics?

Canadian Public Accountability Board oversees public accounting firm audits

Xero announces new platform updates, scholarship, quarterly business report

Wide range of announcements made at recent Xerocon. Xero Partner Program discount rates for Canadian subscriptions will also apply to all TaxCycle products

Accounting industry resilient, surpasses pre-pandemic levels: StatCan

The accounting, tax preparation, bookkeeping and payroll services sector posted modest but stable revenue growth in the past three years

Canada among low corporate tax jurisdictions as global average falls

New trend of rising rates has already begun, says international accounting network

More diversity among inductees of 2022 Canadian Accounting Hall of Fame

Selection committee addresses omissions noted by Canadian Accountant in 2021

Is Canada’s audit watchdog ready to bare its teeth?

The Canadian Public Accountability Board says it's planning changes to its disclosure practices amidst media scrutiny and changing best practices

PwC Canada fined over one million CDN by US, Canadian regulators

Big Four accounting firm voluntarily disclosed to regulators that its employees shared answers on mandatory internal training courses