Ethics

Thought Leaders

Why non-GAAP measures lead to ethical dilemmas

Users should tread carefully when relying on EBITDA. Don’t fall into the slippery trap of turning a blind eye to non-GAAP reporting, warns Philip Maguire
Profession

Canadian Public Accountability Board censures EY Canada over answer sharing on professional development courses

Settlement between Canadian audit watchdog CPAB and Ernst & Young LLP brings closure to cheating scandals involving three of the Big Four accounting firms
Profession

Newfoundland and Labrador: Province updated public procurement process days after Deloitte AI scandal exposed

Chartered Professional Accountants Newfoundland and Labrador is investigating the use of artificial intelligence by Deloitte Canada in its consulting work
Thought Leaders

Why can’t accountants prevent fraud?

How can the accounting profession prevent fraud — and protect both investors and the public — or is this a Sisyphean task?, asks Philip Maguire, CPA, CA
Municipal

Report finds healthcare dollars went to former CEO and executive instead of healthcare

Provincially appointed supervisor calls Renfrew Victoria Hospital use of same auditors for more than 35 years a poor financial practice as OPP investigates
Thought Leaders

The Big Four accounting firms often consult for the same clients they audit. Should that be allowed?

Accounting research shows that the Big Four, when engaged as compensation consultants, appear to uphold more rigorous standards than smaller counterparts
Practice

Second American accounting firm penalized by CPA Ontario over unlicensed audit work

The prosecution of BF Borgers and its principal by the Chartered Professional Accountants of Ontario closes another chapter in the Canadian cannabis story
Thought Leaders

‘We remain concerned’: Senate inquiry into PwC tax scandal calls for reform, but overuse of consultants will likely continue

Despite scathing public inquiry reports about the PwC Australia tax consulting scandal, it would take decades to reduce government reliance on consultants
Practice

As Big Four foreign firms punished for exam cheating, PwC Canada fines put into perspective

The Public Company Accounting Oversight Board hit KPMG Netherlands with a record US$25-million civil civil penalty for widespread improper answer sharing
Thought Leaders

PwC Australia ethics breach: Differences in Canadian and Australian CPA regulation

Though similiar, there are important differences between Australian and Canadian professional rules of conduct explains accounting professor George Gonzalez
Practice

CPA Ontario fines Deloitte Canada partners over backdating of audit working papers

Five Deloitte partners to pay $40k each in fines and costs for manually overriding computer clocks to backdate audit working papers in multiple engagements
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