Standards
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Profession
In detailed report, PCAOB finds deficiencies in half of KPMG Canada audits inspected
The Public Company Accounting Oversight Board found deficiencies in five out of 10 KPMG Canada audits it inspected in 2023 as well as issues of independence
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- VIEWS 160
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Profession
The Undesignated Accounting Practitioner: Providing a pathway that serves businesses and the public interest
Many small businesses across Canada rely on accountants without designations for bookkeeping and corporate taxes — but non-designated firms lack oversight
- COMMENTS 13
- LIKES 149
- VIEWS 160
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Thought Leaders
Why accountants should recognize the bias in accounting standards and use it to our advantage
Accounting standards have focused on the balance sheet, says Philip Maguire, CPA, CA, yet the effort to match book value to market value has been a failure
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- VIEWS 160
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Profession
PCAOB finds deficiencies two of three BDO Canada audits, including one non-principal engagement
The US audit watchdog inspection report details audits with unsupported opinions by BDO Canada and firm-identified instances of independence non-compliance
- COMMENTS 13
- LIKES 149
- VIEWS 160
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Profession
Public accounting regulator expands oversight powers
Bradley E. Berg and Sahil Kesar of Blakes review the first amendments to the regulatory rules of the Canadian Public Accountability Board in almost 20 years
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- LIKES 149
- VIEWS 160
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Profession
CPAB censures Davidson & Company LLP for ‘numerous’ violations of independence rules
Vancouver-based accounting firm censured by Canadian Public Accountability Board based on information disclosed during inspection by US audit watchdog
- COMMENTS 13
- LIKES 149
- VIEWS 160
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Profession
Sunday News Roundup 24.10.27: St-Jean moved on, policing and property taxes, 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
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Thought Leaders
Cineplex’s $38.9 million fine is a wake-up call about corporate sustainability practices
Accounting professor Douglas A. Stuart asserts the Competition Bureau’s fine for drip pricing practices is just one example of sustainability mismanagement
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- LIKES 149
- VIEWS 160
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Career
What's wrong (and right) about professional development for accountants
Imagine four accountants on divergent career paths. Do current continuing professional development models serve both professionals and the public interest?
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- LIKES 149
- VIEWS 160
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Profession
DMCL continues PCAOB audit inspection results with lower deficiency rates
Public Company Accounting Oversight Board in the United States releases audit inspection results for Vancouver-based Dale Matheson Carr Hilton LaBonte LLP
- COMMENTS 13
- LIKES 149
- VIEWS 160
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Profession
US audit watchdog censures, fines Canadian accounting firms Crowe MacKay, Grant Thornton
Public Company Accounting Oversight Board in the United States fines two Canadian auditors for violation of audit committee communications rules in audits
- COMMENTS 13
- LIKES 149
- VIEWS 160
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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
- COMMENTS 13
- LIKES 149
- VIEWS 160
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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
- COMMENTS 13
- LIKES 149
- VIEWS 160
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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
- LIKES 149
- VIEWS 160
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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
- LIKES 149
- VIEWS 160
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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
- COMMENTS 13
- LIKES 149
- VIEWS 160
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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
- COMMENTS 13
- LIKES 149
- VIEWS 160
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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
- COMMENTS 13
- LIKES 149
- VIEWS 160
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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
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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
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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
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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
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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
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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
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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
- COMMENTS 13
- LIKES 149
- VIEWS 160