Ethics

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
Profession

What went wrong at PwC Canada: Accounting firm agrees to pay $1.45-million to settle exam cheating scandal

CPA Ontario’s 15-page settlement agreement provides the most insight yet into widespread answer-sharing on PwC’s mandatory internal training tests
Profession

Sunday News Roundup 23.11.19: Carbon tax carveout, CEBA sympathy and more Canadian accounting news

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

CPA Ontario scores two rare regulatory wins against large accounting firms

Million-dollar settlements with Deloitte Canada and Marcum LLP over professional conduct breaches make headlines during uneasy times
Ethics

Accounting for the Greenbelt giveaway: Auditor General report proves Doug Ford gave Ontarians no value for their money

Ford has disparaged Bonnie Lysyk, FCPA, FCA, whose decade-long tenure has come full circle with a special report on a deal that favoured developers
Profession

Sunday News Roundup 23.07.30: Profiles in pilfering, plus internal ethics and more Canadian accounting news

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

Why is it so difficult to handle whistleblower reports?

Accounting and ethics professors explain the agency theory behind effective whistleblower systems to avoid cases like LuxLeaks at PricewaterhouseCoopers
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
Practice

SR&ED: The CRA cannot use its civil tax audit power to gather information for a criminal investigation

David J Rotfleisch explains why the Federal Court of Appeal ruled in favour of the CRA in a Scientific Research and Experimental Development tax credits case
Profession

Canadian accountants cannot resign membership to avoid discipline hearings

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

WFH Accountants Beware: BC tracking software case leads to global news coverage

Accounting firm wins court decision over “time theft” by accounting employee
Profession

Canadian Accountant’s most popular stories of 2022

The top five stories and some honourable mentions from the past year’s reporting
Profession

Five Years on from Deloitte & Touche v. Livent: Negligence claims against professional services firms

Adrienne Oake and Rachael Saab of Torys LLP review the Supreme Court of Canada decision in light of recent opioid-related claims brought against McKinsey
Thought Leaders

To clean up Hockey Canada, financial transparency is a must

Transparency in financial disclosure is a crucial part of ethical, responsible governance, say Canadian accounting professors
Profession

Sunday News Roundup 22.10.30: Cronos settlement, LDS tithes, taxes and more Canadian accounting news

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

Sunday News Roundup 22.10.02: Audit regulation, the power to compel, and more Canadian accounting news 

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

The Accounting Profession: Generally Accepted Unethical Conduct?

As a profession, accountants are aiding and abetting unethical tax avoidance, yet feel that our behaviour falls within our code of ethics, says Nick Shepherd