Mondaq Canada: Accounting and Audit
Crowe MacKay LLP
Inventory accounting standards are written based on principles versus with financial instruments using rules.
Collins Barrow National Incorporated
CPA Canada has issued Canadian Standard on Review Engagements (CSRE) 2400 Engagements to Review Historical Financial Statements.
Borden Ladner Gervais LLP
The Canadian Bar Association and the Auditing and Assurance Standards Board have issued a new Joint Policy Statement (the "JPS 2016"), which will come into effect on December 1, 2016. A copy of the JPS 2016 can be accessed here.
McLennan Ross LLP
Regulators are increasingly concerned about auditors who have unpaid professional fees and the potential impact of unpaid fees on auditor independence.
Crowe Soberman LLP
International Accounting Standard 39, Financial Instruments: Recognition and Measurement, was originally issued in March 1999; however, an archeologic dig through that standard turns up remnants that date back as far as 1986.
Collins Barrow National Incorporated
Future projects will tackle the "face of the financial statements," focusing on improving the organization of the statements of financial performance, cash flows and financial position.
Grant Thornton
We're bringing back some great articles to help you and your business. We hope you enjoy!
Crowe MacKay LLP
Yellowknife is the capital city of the Northwest Territories (NWT) and is the largest city in the territory.
LexSage
Certain other H.S. Codes used by importers has duty free rates.
Matson Driscoll & Damico
It is not uncommon for litigation to involve the quantification of financial remedies across multiple political and monetary boundaries.
Matson Driscoll & Damico
In the previous post, we presented a basic framework for analyzing the impact of foreign exchange fluctuations on quantifying financial remedies.
Fuller Landau
Remote Year is the brain child of an avid traveller from Chicago who wanted to travel the world, but didn't want to give up his career.
Collins Barrow National Incorporated
Amendments will require entities to provide disclosures that enable users of financial statements to evaluate changes in liabilities arising from financing activities, including both changes arising from cash flows and non-cash changes.
Borden Ladner Gervais LLP
The Supreme Court of Canada has granted leave to appeal from the decision of the Ontario Court of Appeal, dismissing an appeal from the decision of Gans J...
Collins Barrow National Incorporated
IFRS 15 sets out requirements for recognizing revenue that apply to all contracts with customers and replaces the myriad of current revenue standards.
Crowe MacKay LLP
There are three different levels of Valuation Reports that can be issued by members of the Canadian Institute of Chartered Business Valuators.
Crowe MacKay LLP
Over the past year, we have watched the Canadian dollar drop relative to its U.S. counterpoint impacting Canadian businesses. U.S. goods and services are now more expensive, U.S. sales make a premium and errors when recording foreign exchange transactions can cost you more money.
Collins Barrow National Incorporated
Pronouncements effective for annual periods beginning on or after January 1, 2016
Crowe MacKay LLP
Financial statements should be read with a critical eye, and readers should question not just the information included in the statements, but also the accounting standards used to prepare the statements.
Crowe MacKay LLP
The Edmonton Oilers said goodbye to Rexall Place on Wednesday night and paid tribute to many of the franchise's greats.
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Rotfleisch & Samulovitch P.C.
The files seized from an accountant can be used in tax prosecution against the accountant's client.
Collins Barrow National Incorporated
If you're an entrepreneur, you have a dream – and many priorities to manage along the way. Tax time is never top of mind, but likely always a worry.
Rotfleisch & Samulovitch P.C.
The building construction industry has been identified as being of particular concern for unreported income.
Osler, Hoskin & Harcourt LLP
In October 2016, the U.S. SEC announced Ernst & Young LLP agreed to pay $11.8 million to settle SEC allegations related to failed audits at oil services company Weatherford International PLC.
Osler, Hoskin & Harcourt LLP
On September 9, 2016, the United States Securities and Exchange Commission ("SEC") charged RPM International Inc. ("RPM") with failing to make proper disclosure.
Crowe MacKay LLP
Over the past year, we have watched the Canadian dollar drop relative to its U.S. counterpoint impacting Canadian businesses. U.S. goods and services are now more expensive, U.S. sales make a premium and errors when recording foreign exchange transactions can cost you more money.
LexSage
In writing this blog post, we are not advocating filing baseless, frivolous, vexatious and retaliatory "service complaints" against CRA auditors, collections officers and other employees of the CRA.
Borden Ladner Gervais LLP
The Canadian Bar Association and the Auditing and Assurance Standards Board have issued a new Joint Policy Statement (the "JPS 2016"), which will come into effect on December 1, 2016. A copy of the JPS 2016 can be accessed here.
Collins Barrow National Incorporated
CPA Canada has issued Canadian Standard on Review Engagements (CSRE) 2400 Engagements to Review Historical Financial Statements.
McLennan Ross LLP
When borrowers go insolvent, it is not uncommon for lenders to advance claims against the auditors of the borrower.
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