Mondaq Canada: Accounting and Audit
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.
Fuller Landau
Recent reports alleging that an accountant defrauded a Toronto-area company of more than $1 million highlight the risks of granting financial authority to one employee without sufficient oversight, says Toronto forensic accountant Patricia Harris.
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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.
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.
McMillan LLP
On March 10, 2016, OSFI published a draft of its forthcoming guideline, IFRS 9 Financial Instruments and Disclosures, regarding the application of IFRS 9 – Financial Instruments to Federally Regulated Entities.
Rotfleisch & Samulovitch P.C.
Once a Canadian income tax return has been submitted to CRA it goes through computer and human reviews.
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.
Crowe MacKay LLP
On April 14th, 2016, Alberta Finance Minister Joe Ceci announced the 2016 Alberta Budget. Below is a summary of some of the tax measures that were included in the Budget.
Crowe MacKay LLP
The Edmonton Oilers said goodbye to Rexall Place on Wednesday night and paid tribute to many of the franchise's greats.
Rotfleisch & Samulovitch P.C.
CRA has conducted a tax audit of Uber in Canada and has asked for access to Uber's books and records. They did the same thing with Ebay a few years ago, and audited Ebay power sellers.
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.
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