Standards

Thought Leaders

How accountants can combat inefficiencies

Bureaucracy, explains Philip Maguire, CPA, CA, is a curse on the ability to manage an organization in an effective manner, to the detriment of productivity
Profession

Canadian Public Accountability Board censures Mississauga accounting firm Clearhouse LLP

Clearhouse prohibited from accepting new high and moderate risk reporting issuers including those resulting from IPOs, reverse takeovers, other transactions
Profession

CPA Ontario provides recommendations in 2025 quality management report for accounting firms

Of the 12 firms subject to Enhanced Quality Management Review (EQMR), two were found to have significant reportable deficiencies requiring remedial action
Profession

US audit watchdog sanctions Canadian accounting firm Raymond Chabot Grant Thornton LLP

PCAOB reminds registered public accounting firms they must file Form 3, Special Report, no later than 30 days after the occurrence of the reportable event
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
Profession

US audit watchdog reports deficiencies in 2024 audit by Baker Tilly WM LLP

The Public Company Accounting Oversight Board reviewed an audit conducted in 2024 by the Vancouver-based accounting firm and flagged non-compliance issues
Profession

Canadian Public Accountability Board eases enforcement action against Smythe LLP

Vancouver-based accounting firm Smythe LLP still prohibited from accepting new high-risk reporting issuer audit clients, says Canadian audit watchdog CPAB
Profession

Canadian Public Accountability Board eases enforcement action against PKF Antares

Alberta accounting firm allowed to accept new medium-risk reporting issuer audit clients, but some restrictions remain, says Canadian audit watchdog CPAB
Profession

US audit watchdog finds multiple deficiencies in Vancouver accounting firm Smythe LLP audits

The US Public Company Accounting Oversight Board determined Smythe LLP had a 100 per cent deficiency rate in three 2023 audits the PCAOB inspected in 2024
Thought Leaders

Why accountants should spend less time on the numbers and more time explaining the results 

Accounting standards are becoming so complicated, says Philip Maguire, CPA, CA, that we have lost the ability to explain the results
Thought Leaders

Optimizing Canada's balance sheet: The untapped value of natural assets

Canada’s natural assets could one day be reflected in government financial statements, says Bailey Church of KPMG, as the tides of accounting are shifting
Profession

Which Big Four accounting firm failed its annual inspection (again)? Maybe we’ll find out in 2026

The Canadian Public Accountability Board has released its annual inspection results. One Canadian firm continues to show no public audit improvement