Accounting News
Profession
Sunday News Roundup 24.04.07 Bare trusts, KPMG decision, PCAOB-PKF, and more Canadian accounting news
Wrapping up the odds and ends from the past week in Canadian accounting news
Profession
Two of the Big Four accounting firms failed their audit inspections in 2023 — but we don’t know who
The Canadian Public Accountability Board says it will take at least two years before more transparency is provided as to which firms fail and which succeed
Practice
CPA Ontario fines Deloitte Canada partners over backdating of audit working papers
Five Deloitte partners to pay $40k each in fines and costs for manually overriding computer clocks to backdate audit working papers in multiple engagements
Thought Leaders
10 reasons why Canadians are still dissatisfied with the economy, despite the upswing
Four accounting academics explain the disconnect between the pessimism of Canadians and an economy that seems headed for a soft landing
Practice
PCAOB finds fault with half of Ernst and Young Canada audits inspected
US audit watchdog inspection report details audits with multiple deficiencies and potential non-compliance with independence rules over financial relationships
Profession
CPA Canada reduces operating budget with staff cuts due to accounting profession standoff
National organization has run two deficits in the past five years, says changes needed to ensure long-term success in challenging operating environment
Profession
Mystery solved: How foreign accounting firms won big in new audit client gains and losses
Among the many curiosities of the 2022 new audit client gains and losses data were the prevalence of foreign firms and the dearth of cannabis companies
Practice
Taxpayer sidesteps gross-negligence penalties and $90,000 in taxable income because tax year was statute-barred
As David J Rotfleisch explains, the decision by the Tax Court of Canada in Abbass V The King centred on a bookkeeping error by the taxpayer's accountant
QuickBooks Partner Post Series
Partner Posts
David Marquis of Intuit Canada on the Canadian launch of the most powerful version of QuickBooks Online for accountants, bookkeepers and their clients
Partner Posts
On Day Two of QuickBooks Connect Canada 2022, news from Andrew Smith of Intuit Canada on new product innovations
Partner Posts
Andrew Smith, Director of Product for Canada at Intuit QuickBooks, on new product announcements at the opening of the QuickBooks Connect Canada conference
Wagepoint Partner Post Series
Partner Posts
It's hard to find and retain capable staff in a cloud-based practice, when anyone can work from anywhere, says Bianca Mueller of Wagepoint
Partner Posts
Wagepoint cloud-based payroll solutions represent the future of payroll software
Partner Posts
Start your client engagement relationships with trust with these handy onboarding checklists from Community Manager Bianca Mueller of Wagepoint
Freshbooks Partner Post Series
Partner Posts
Professional networks lead to continuous innovation and camaraderie in the accounting profession, says Twyla Verhelst, Director of the Accountant Channel at FreshBooks
Partner Posts
Twyla Verhelst of FreshBooks on the real value of an accounting partner program
Partner Posts
Twyla Verhelst of Freshbooks on getting the most value from the tangible and intangible benefits of Accounting Partner Programs