In a special tax audit CRA investigators reviewed lists of municipal building permits in smaller communities to check on worksites for unregistered small-town subcontractors.

CRA is making more use of indirect tax audit techniques, including net worth tax audits.

CRA is extending the scope of its tax audit techniques by entering the field of data analysis.

The Canada Revenue Agency has recently been actively monitoring and tax auditing real estate transactions in British Columbia, as it has been previously doing in the GTA (Toronto area).

CPAs around the globe are utilizing the capabilities of MindBridge, allowing the Ai Auditor to do the financial data heavy lifting.

Many private companies that are required to issue financial statements in accordance with Canadian Generally Accepted Accounting Principles will be required to adopt Canadian Accounting Standards for Private Enterprises (ASPE) for periods beginning on or after January 1, 2011.

The Ontario government has just announced accessibility compliance audits targeting larger retail sector employers, to take place over the next 3 months.

Various Deloitte entities have succeeded in having a negligent misrepresentation claim against them dismissed on summary judgment.

In our firm's latest podcast, Kenneth Keung and Kim G C Moody briefly discuss Canadian COVID era supports and the fact that the Canada Revenue Agency are auditing some of the support claims.

It is Tax Season again and with that comes the boatload of spam emails trying to trick people into visiting compromised sites that serve up malicious software; or sites that try to gather personal information from unsuspecting or unwary individuals.

The IRS recently announced that it has started a formal audit initiative to evaluate compliance with the rules for nonqualified deferred compensation.

The SEC announced on May 17, 2006 that it plans to take several steps to improve the implementation of the internal control rules under section 404 of the Sarbanes-Oxley Act of 2002.

On May 28, 2020, the Canada Revenue Agency ("CRA") announced that audit activity, slowed by COVID-19, is resuming.

The OSC released a notice reminding investment fund issuers that, where an auditor has not performed a review of an investment fund's interim financial report, s. 2.12 of NI 81-106 requires the report to be accompanied by a notice indicating that fact.

According to CPAB, 597 reporting issuer audits in 95 foreign jurisdictions involved a Component Auditor in 2016.

The Honourable Diane Lebouthillier, P.C., M.P., Minister of National Revenue, announced today the winding down of the review by the CRA of registered charities' political activities saying results of the political activities audit program have shown substantial compliance with the rules restricting political activities.

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.

The internal control rules under section 404 of the Sarbanes-Oxley Act of 2002 have been in place for two years in the United States and have generated more controversy than any other corporate governance reform.

The SEC has granted a one-year extension for smaller public companies to comply with the auditor attestation requirement under section 404 of the Sarbanes-Oxley Act.

We are all eagerly awaiting a return to normal life following the fifth wave of the COVID-19 pandemic.