Standards

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

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
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
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
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
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
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
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
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?
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
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
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