Standards

Profession
Two more accounting firms censured by Canadian audit watchdog thus far in 2024
Canadian Public Accountability Board prohibits Kingston Ross Pasnak and Macias Gini & O’Connell from accepting new medium and high-risk reporting issuers
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- VIEWS 160

Profession
US audit watchdog releases audit inspection reports for national accounting firms Deloitte Canada, MNP LLP
Is audit quality on the upswing in Canada? The US Public Company Accounting Oversight Board finds little fault in newly released Canadian audit inspections
- COMMENTS 13
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- VIEWS 160

Profession
BC accounting firm De Visser Gray censured and fined by US audit watchdog
Public Company Accounting Oversight Board notes repeated use of Canadian Professional Engagement Guide (PEG) audit programs for US audits
- COMMENTS 13
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- VIEWS 160

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
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- LIKES 149
- VIEWS 160

Profession
Two of the Big Four accounting firms failed their audit inspections in 2023 — but we don’t know who
The Canadian Public Accountability Board says it will take at least two years before more transparency is provided as to which firms fail and which succeed
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- VIEWS 160

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
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- VIEWS 160

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
- COMMENTS 13
- LIKES 149
- VIEWS 160

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
- COMMENTS 13
- LIKES 149
- VIEWS 160

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
- COMMENTS 13
- LIKES 149
- VIEWS 160

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
- COMMENTS 13
- LIKES 149
- VIEWS 160

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
- COMMENTS 13
- LIKES 149
- VIEWS 160

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
- COMMENTS 13
- LIKES 149
- VIEWS 160