As Big Four foreign firms punished for exam cheating, PwC Canada fines put into perspective

The Public Company Accounting Oversight Board hit KPMG Netherlands with a record US$25-million civil civil penalty for widespread improper answer sharing

An economist explains: Textbook economics is badly flawed when it comes to climate change

Double standards abound on the carbon tax, says MacEwan University economics professor Junaid B. Jahangir, despite the support (and limits) of textbook economics

Stock markets signal a growing gap between Canadian and American clean tech firms

Canadian taxpayer-supported clean tech startups may move south of the border due to regulatory risk and political uncertainty despite substantial tax benefits

As Big Four foreign firms punished for exam cheating, PwC Canada fines put into perspective

The Public Company Accounting Oversight Board hit KPMG Netherlands with a record US$25-million civil civil penalty for widespread improper answer sharing

An economist explains: Textbook economics is badly flawed when it comes to climate change

Double standards abound on the carbon tax, says MacEwan University economics professor Junaid B. Jahangir, despite the support (and limits) of textbook economics

Stock markets signal a growing gap between Canadian and American clean tech firms

Canadian taxpayer-supported clean tech startups may move south of the border due to regulatory risk and political uncertainty despite substantial tax benefits

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

Driving growth and client success: The power of client advisory services in accounting

Client Advisory Services represent a paradigm shift in public accounting, explains Karen Chalmers of interVal, which automates the discovery process using AI



Empowering CPAs: The Role of a Master’s Degree in Tax Law

Two chartered professional accountants share their insights into the Osgoode Professional LLM



The top 10 partner posts on Canadian Accountant in 2023

From Loop to Ownr to Float to Plooto, from QBO to InterVal to Xero, we present the top 10 articles that got CPAs thinking about software solutions in 2023