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.
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
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
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
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.
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
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
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
Profession

Audit inconsistency remains a concern says Canada’s audit quality watchdog

Pandemic year delayed some inspections as CPAB worked remotely
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?
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
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
Thought Leaders

Nova Scotia first province to report Key Audit Matters in Auditor General report

KAM will provide Nova Scotians with context and transparency
Thought Leaders

What is sustainability accounting? What does ESG mean? We have answers

Sprott Professor Leanne Keddie, CPA, CMA, provides an ESG primer
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
Profession

Canadian pension plan CEOs call for adoption of SASB, TCFD

Joint statement on leveraging standardized sustainability accounting standards
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
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
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
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
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
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?
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
Thought Leaders

The nature of taxes

Vern Krishna, FCGA, FCPA, CM, QC looks at taxation historically and in Canada
Profession

Canadian accountants win with stock option, non-GAAP rule delays

Morneau, securities regulators announce the need for more study