It is not uncommon for litigation to involve the quantification of financial remedies across multiple political and monetary boundaries.

In response to changes in third-party assurance standards in both the US and internationally, the Auditing and Assurance Standards Board has issued a new Canadian Standard on Assurance Engagements called Reporting on Controls at a Service Organization (CSAE 3416).

As I write this article, Toronto is recovering from its biggest rainfall since Hurricane Hazel. Two weeks ago, downtown Calgary was affected by days of heavy rains following which the Bow River burst its banks. And while the initial focus should always be on the personal safety of those affected, in short order this focus will give way to dealing with the financial consequences of the events which have occurred.

On December 16, 2005, the Ontario Superior Court of Justice released its decision in Burke v. Hudson’s Bay Company, regarding pension plan asset transfers on mergers and acquisitions. If upheld on appeal, the Burke decision will have significant implications for all companies administering plans in Ontario.

CSA Staff Notice 52-306 (Revised) – Non-GAAP Financial Measures was issued in August of 2006. Its purpose is to provide greater guidance regarding the CSA’s views on disclosure of non-GAAP financial measures, including forward-looking non-GAAP financial measures.

This paper focuses on the changes from the Section 5970 standard to the new CSAE 3416 standard, including comments on the impact of those updates on service organizations and service auditors

In the previous post, we presented a basic framework for analyzing the impact of foreign exchange fluctuations on quantifying financial remedies.

On October 17, 2022, the Québec Court of Appeal in Centre universitaire de santé McGill c. Lemay held that the voluntary disclosure of a solicitor-client privileged forensic accounting report to a police force in the context...

The Treasury Department and Internal Revenue Service issued guidance for U.S. companies planning to repatriate earnings from controlled foreign corporations.