Standards
Thought Leaders
When companies massage the books, the environment takes a hit
It’s time the accounting profession take earnings management more seriously, says financial accounting professors at Queen’s University in Kingston.
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Practice
Budget 2021 – Tax enforcement, audits, and oral interviews
If proposed legislative amendments receive Royal Assent, the Canada Revenue Agency will have the power to compel oral interviews
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Management
Fill in the non-GAAP: New disclosure requirements to become mandatory in August 2021
Marie-Christine Valois and Janie Harbec of Fasken review the new National Instrument 52-112, Non-GAAP and Other Financial Measures Disclosure
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Profession
Friday News Roundup 21.06.04: Sustainability standards, Isle of Man, PwC diversity and more
Wrapping up the odds and ends in this week’s Canadian accounting news
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Practice
Preparing for the new quality management standards: CSQM 1 system evaluation and monitoring
Part four of a four-part series from Kirsten S. Albo of ASK KSA Consulting Inc.
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Practice
Preparing for the new quality management standards: CSQM 1 risk responses
In part three of a four-part series, Kirsten S. Albo of ASK KSA Consulting Inc. explores the design and implementation of risk responses
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Practice
Preparing for the new quality management standards: CSQM 1 quality objectives and quality risks
In part two of a four-part series, Kirsten S. Albo of ASK KSA Consulting looks at CSQM 1 and its quality management process for all firms, regardless of size
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Practice
Preparing for the new quality management standards: An overview for Canadian practitioners
Kirsten S. Albo of ASK KSA Consulting Inc. kicks off a four-part series on CSQM 1
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Profession
Audit inconsistency remains a concern says Canada’s audit quality watchdog
Pandemic year delayed some inspections as CPAB worked remotely
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Thought Leaders
Sustainability rankings don’t always identify sustainable companies
An increasing numbers of investors depend on ESG information from third parties for their investment decisions but are the rankings meaningless?
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Thought Leaders
Imbalance: Accounting is not capturing the value of intangible assets
Accounting has an intangibles problem, says Nick Shepherd, author of How Accountants Lost Their Balance
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Management
The Canadian Securities Administrators publishes guidance for issuers on improving COVID-19 disclosure
The CSA has provided specific guidelines but there is no one-size-fits-all model, according to Ted Brown, Lindsay Cox, and Michael Akins of BD&P
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Thought Leaders
Nova Scotia first province to report Key Audit Matters in Auditor General report
KAM will provide Nova Scotians with context and transparency
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Thought Leaders
What is sustainability accounting? What does ESG mean? We have answers
Sprott Professor Leanne Keddie, CPA, CMA, provides an ESG primer
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Business
Annual reports should inform society — not only those with a financial interest
Climate accounting standards an example of societal impact, explains Financial Accounting Professor Alan Jagolinzer
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Profession
Canadian pension plan CEOs call for adoption of SASB, TCFD
Joint statement on leveraging standardized sustainability accounting standards
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Practice
Professional corporations and income for child support – Guidance from the BC Court Of Appeal
Chantal M. Cattermole of Clark Wilson LLP on a case involving competing income assessments prepared by two Canadian accountants
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Practice
Why Canadian accountants need a CEWS client engagement letter now more than ever
Accounting practitioners are under pressure during the current pandemic to meet their clients' needs. Clearline Consulting has COVID-19 practice-related resources to mitigate risk
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Thought Leaders
Bottom Line Profits: "It Ain't Necessarily So"*
Tax lawyer and accountant Vern Krishna looks at "the art of communicating financial information" through accounting
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Profession
Accounting Principles: Part I
Vern Krishna of TaxChambers LLP explains the language of the world of finance and taxation in part one of a series
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Profession
6 financial reporting and assurance considerations under COVID-19
Depending on the year-end of the organization, the financial reporting impact and the reporting considerations will be significantly different, says Bridget Noonan of Clearline Consulting
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Practice
3 things to consider about the new CSRS 4200 accounting standard
The new CSRS 4200 is the most impactful on firms since tax reform in 2017, says Bridget Noonan. What should your firm’s first steps be?
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Profession
CSA proposes revised non-GAAP and other financial measures rule
Following stakeholder consultation, the umbrella group of securities regulators has made substantive changes to the proposed instrument
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Thought Leaders
The nature of taxes
Vern Krishna, FCGA, FCPA, CM, QC looks at taxation historically and in Canada
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Profession
Canadian accountants win with stock option, non-GAAP rule delays
Morneau, securities regulators announce the need for more study
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