CPAs in 2025: Frustrated, overworked, and underappreciated

From uncertainty to compliance to staffing, Chartered Professional Accountants say their stress is not offset by client appreciation, reports Dean Blachford

Historic change to audit inspection reports announced by Canadian accounting watchdog

With its rules now changed, the Canadian Public Accountability Board will begin to name names in its annual audit inspection reports, beginning in Q1 2026

Sunday News Roundup 25.03.30: Considering Carney and more Canadian accounting news

Our weekly Canadian accounting news roundup includes Mark Carney and his Brookfield track record, accounting firm dealbook, articles of interest and more

CPAs in 2025: Frustrated, overworked, and underappreciated

From uncertainty to compliance to staffing, Chartered Professional Accountants say their stress is not offset by client appreciation, reports Dean Blachford

Historic change to audit inspection reports announced by Canadian accounting watchdog

With its rules now changed, the Canadian Public Accountability Board will begin to name names in its annual audit inspection reports, beginning in Q1 2026

Sunday News Roundup 25.03.30: Considering Carney and more Canadian accounting news

Our weekly Canadian accounting news roundup includes Mark Carney and his Brookfield track record, accounting firm dealbook, articles of interest and more

Accounting News

Business

Alberta: Municipalities want end to oil and gas property tax loopholes

Rural Municipalities of Alberta says it’s well-known in the oil and gas sector that municipalities are powerless to compel payment of unpaid property taxes
Business

Poilievre vows to kill industrial carbon pricing in ‘desperate’ move against Liberal surge

The central plank of Ottawa’s emission-reduction plan requires companies to pay a carbon price if they exceed a certain threshold of emissions intensity
Practice

US audit watchdog censures KPMG Canada for repeatedly failing to accurately disclose who performed audits

Public Company Accounting Oversight Board levies US$700k against KPMG Canada, US$3.375 million in total against nine member firms of global network
Business

B.C. Conservatives pitch a carbon tax on U.S. coal as a trade-war measure

B.C. doesn’t use the American thermal coal that passes through its ports, but the province is a key player in the global coal market, moving US coal to Asia
Profession

Sunday News Roundup 25.03.02: Tax and trade tides turn and more Canadian accounting news

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

Protecting CPAs using solicitor-client privilege

Chartered Professional Accountants may be enveloped into privilege if they are the client’s agent, pursuant to an agency agreement, explains Dean Blachford



Canadian Accountant’s most popular accounting stories of 2024

From the benefits of a Trump presidency to CRA tax changes, here are the five articles and some honourable mentions that were read the most by accountants



Five ways Donald Trump’s election victory is good for Canadian accountants

From taxes and tariffs to deregulation, Donald Trump may scare Canadian economists, but accountants are sure to benefit from a second Trump term