Standards

Profession

Canadian audit watchdog CPAB sanctions third BC accounting firm this year

Smythe LLP, Manning Elliott LLP, and DMCL have all been barred by the Canadian Public Accountability Board from accepting new, high-risk clients
Profession

Vancouver accounting firm Smythe LLP first Canadian audit firm to be publicly censured by regulator under new disclosure rules

Changes to enforcement disclosure rules by CPAB means more transparency from audit regulator, more public scrutiny of Canadian auditors
Thought Leaders

Alberta election: Is the province’s energy regulator acting in the public interest?

Canadian accounting firms like Grant Thornton and PwC Canada have had trouble in Alberta with environmental liabilities when acting as receivers
Profession

Top accountant’s jump between two sustainability standards boards puts focus on new CSSB

Do recent appointments to the new Canadian Sustainability Standards Board, including new chair Charles-Antoine St-Jean, balance global standards with Canadian special interests?
Profession

Special Report: Overall audit quality drops at Canadian accounting firms as audit regulator pursues more transparency

Canadian Public Accountability Board annual inspection report reveals poor performance overall exaggerated by some audit firms
Practice

When the CRA reassessed a taxpayer's tax returns beyond the normal reassessment period

Canadian accountant and tax lawyer David J. Rotfleisch explains how, in Goldhar v The King, a toy salesman successfully appealed a CRA reassessment
Thought Leaders

OSFI’s new guidelines: A step toward making banks and insurers more conscious of their climate impacts

New sustainability reporting standards will help determine who will pay for environmental cleanup costs when oilsands producers go bankrupt
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
Profession

Sunday News Roundup 23.03.12: Accounting for grocery moguls, EY presses pause, and more Canadian accounting news

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

Sunday News Roundup 23.03.05: Future of accounting standards setters and more Canadian accounting news

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

Canadian audit regulator issues enforcement action against US accounting firm

CPAB bars Marcum from accepting high-risk audit engagement clients