Mondaq Canada: Accounting and Audit
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.
Crowe MacKay LLP
Upon hearing the word BUDGET most people begin to frown. This is not surprising as budgeting can be an overwhelming task for some people, but it does not have to be.
Crowe MacKay LLP
We use a risk based approach to audit a company's year-end financial statements, but the term " risk based audit approach" can sound like the latest in business buzzwords similar to holistic, innovative and mission critical.
Collins Barrow National Incorporated
In recent years, an increased emphasis has been placed on the quality, accuracy and transparency of the financial information an entity provides to equity holders, lenders, regulators, analysts and other users of this information.
McLennan Ross LLP
When borrowers go insolvent, it is not uncommon for lenders to advance claims against the auditors of the borrower.
Crowe MacKay LLP
You're looking at your trade accounts receivable listing and you note amounts that are a couple of years old, amounts with strange names, large credit balances or balances that aren't consistent with the your type of business.
Collins Barrow National Incorporated
IFRS 15 was issued by the International Accounting Standards Board (the IASB) to provide a single global standard prescribing how a reporting entity would recognize revenue from a contract with a customer.
McCague Borlack LLP
The Ontario Court of Appeal's decision in Livent is complex in detail but simple in outcome. Auditors carry more responsibility when auditing publicly-traded corporations because the potential fallout from their negligence is greater.
Collins Barrow National Incorporated
Pronouncements effective for annual periods beginning on or after January 1, 2016
Lerners
The case, decided on a motion for partial summary judgment, addresses two very important issues in the development of auditors' liability jurisprudence in Canada...
Fuller Landau
Q: How does a forensic accountant find hidden assets and income?
Fuller Landau
What are executive compensation plans?
Fuller Landau
The form has 2 parts: the first part of the form itemizes your income and expenses. Disclosure must include three years of personal income tax returns and notices of assessments.
Fuller Landau
You have identified 5 key things to consider when hiring a valuation expert / forensic accountant in a divorce.
Collins Barrow National Incorporated
Mandatory date for first-time adoption of IFRS by entities with rate-regulated activities - fiscal years beginning on or after January 1, 2015.
Collins Barrow National Incorporated
Section 7060, Auditor Review of Interim Financial Statements - effective for reviews of interim financial statements for interim periods of fiscal years beginning on or after December 15, 2014.
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Crowe MacKay LLP
People still see value in information, but there has been a shift from information is valuable to the right information has value.
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.
Moodys Gartner Tax Law LLP
As we have previously written, the Canada Revenue Agency ("CRA") is aggressively reviewing certain Tax Free Savings Accounts ("TFSAs").
Borden Ladner Gervais LLP
In a previous post, BLG blogged about SemCAMS ULC v Blaze Energy Ltd. 2015 ABQB 218 ("SemCAMS") where the Alberta Court of Queen's Bench granted summary judgment under a "pay first, audit later" clause.
Borden Ladner Gervais LLP
On May 3, 2016, BC's Auditor General released An Audit of Compliance and Enforcement of the Mining Sector (the "Audit").
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
Every business maintains financial records to pay corporate taxes, but wouldn't it be nice if your accounting records could increase your business' profits?
Rotfleisch & Samulovitch P.C.
One of the most common, powerful and from a taxpayer point of view troublesome methods employed by the CRA to assess the income of a taxpayer is the net worth audit.
Miller Thomson LLP
In 2009, the federal government introduced the tax-free savings account ("TFSA") program as a means of promoting investment in the Canadian economy and assisting Canadians in saving for the future.
Crowe Soberman LLP
Collaborative Family Law is based on a commitment by the participants to a principled, negotiated settlement that focuses on client empowerment without the threat or use of court action.
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