Standards

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
Thought Leaders

Alberta election: Is the province’s energy regulator acting in the public interest?

Canadian accounting firms like Grant Thornton and PwC Canada have had trouble in Alberta with environmental liabilities when acting as receivers
Profession

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?
Profession

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
Practice

When the CRA reassessed a taxpayer's tax returns beyond the normal reassessment period

Canadian accountant and tax lawyer David J. Rotfleisch explains how, in Goldhar v The King, a toy salesman successfully appealed a CRA reassessment
Thought Leaders

OSFI’s new guidelines: A step toward making banks and insurers more conscious of their climate impacts

New sustainability reporting standards will help determine who will pay for environmental cleanup costs when oilsands producers go bankrupt
Practice

Accountants negligent in review engagement of Ponzi scheme

Marco Baldasaro and Graham McLennan of McLennan Ross LLP on an Alberta court decision involving a disclaimer clause in an accounting firm's Review Engagement Report
Practice

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
Profession

Sunday News Roundup 23.03.12: Accounting for grocery moguls, EY presses pause, and more Canadian accounting news

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

Sunday News Roundup 23.03.05: Future of accounting standards setters and more Canadian accounting news

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

Canadian audit regulator issues enforcement action against US accounting firm

CPAB bars Marcum from accepting high-risk audit engagement clients
Practice

KPMG Canada falls short in audit inspection report from US audit watchdog

PCAOB finds deficiencies in its inspections of four Canadian accounting firms, including nearly half of the audits it reviewed from Big Four accounting firm KPMG
Profession

Canadian accountants cannot resign membership to avoid discipline hearings

Alberta court denies accounting professional’s attempt to stay proceedings
Profession

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
Profession

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
Practice

Billing Bad: When accountants and clients disagree over accounting fees

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

Number 11! US PCAOB publishes yet another Canadian accounting firm inspection report

Saturna Group of Vancouver the latest report in a busy year for US audit watchdog
Profession

US audit watchdog releases 10th Canadian accounting firm inspection report this year

PCAOB Chair Williams warns of stronger foreign firm enforcement in same week as a flurry of 25 inspection reports released, including accounting firm Richter LLP
Thought Leaders

An ethical workplace culture can prevent corporate fraud by aiding whistleblowers

Four Canadian accounting professors say corporate codes of conduct can offset the failures of audit committees in helping to prevent fraud
Profession

Three out of four ain’t bad: CPAB 2022 interim audit inspections report

Canadian audit regulator reveals progress ongoing at Big Four problem child
Profession

Sunday News Roundup 22.10.23: Fines, settlements, jail and more Canadian accounting news

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