EY Canada lowers deficiency rate from 50 to 25 per cent according to US audit watchdog inspection report over four 2024 audits by Big Four accounting firm

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

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

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

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

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

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

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

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

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

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

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