Standards

Profession

Which Big Four accounting firm failed its annual inspection (again)? Maybe we’ll find out in 2026

The Canadian Public Accountability Board has released its annual inspection results. One Canadian firm continues to show no public audit improvement
Profession

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
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
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?