Accounting News

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
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

Business
Canadians are being given muddied information about the carbon tax; the facts are crystal clear — it saves money for most
Pierre Poilievre’s axe the tax message ignores the benefits of the carbon tax for most Canadians and avoids its real target — corporations and the wealthy
Xero Partner Post Series
Partner Posts
2025 promises to be pivotal for accounting, says Ben Richmond of Xero, a moment when AI and mobile technology converge to redefine how accountants work
Partner Posts
For both new and veteran accountants, there are plenty of resources available that make it easy to learn about new digital accounting applications and tools
Partner Posts
Three ways accountants and bookkeeping professionals can usher in the next generation of accounting talent to help curb the ongoing crisis in hiring staff
Professional Development Partner Posts
Partner Posts
How CPA Ontario’s exclusive Innovation Leadership Accelerator program is helping chartered professional accountants accelerate their career trajectories
Career
Two chartered professional accountants share their insights into the Osgoode Professional LLM
Partner Posts
The Certificate of Canadian Income Tax Practice is a game-changer, that helps attract new talent to the tax profession and prepare them for successful careers