From the key products and services offered to their customers to critical back-office functions like accounting and regulatory reporting, financial institutions rely on licensed software to perform many of their most important functions.

Interesting policy issues arise when auditors of corporations whose management has fraudulently misrepresented the company’s financial statements find themselves defending claims brought on behalf of the corporation by entities such as trustees, receivers, and liquidators.

There may come a point of no return in an enforcement action where the authorities irreversibly cross the line between an audit and a criminal investigation.

The applicant, CRA, first requested documents from the taxpayer years earlier, in May of 2014. They refused multiple times. At paragraph 40...

Taxpayers are often aware of the common triggers for a Canada Revenue Agency (CRA) audit, such as claiming large expenses, failing to report a tax slip, or simply working in an industry known to underreport their income.

Cybersecurity is one of the greatest threats facing modern businesses.

Regulators are increasingly concerned about auditors who have unpaid professional fees and the potential impact of unpaid fees on auditor independence.

In 1998, an accounting fraud was discovered at Philip Services Corp. ("Philip"), a publicly traded company.

Increasingly in knowledge intensive businesses, intellectual property (IP) assets are key drivers to market success and valuation.

On June 22, 2020, the Government of British Columbia introduced Bill 6 – 2020: Mines Amendment Act, 2020 (Bill 6) in the Legislative Assembly.

Deloitte & Touche was found liable for $85 million for its negligent audits of Livent Entertainment of Canada Inc. in 1996 and 1997.

For years it was an open question as to whether or not a Canada Revenue Agency auditor owed a duty of care to a taxpayer under audit.

For small businesses and businesses in general, maintaining organized books and records is essential to the business being able to withstand scrutiny on a thorough CRA tax audit.

Building a new home, or renovating an old one, can be a stressful and overwhelming process. CRA can add to the stress by conducting a GST/HST Tax Audit.

You have identified 5 key things to consider when hiring a valuation expert / forensic accountant in a divorce.

CPA Canada has issued Canadian Standard on Review Engagements (CSRE) 2400 Engagements to Review Historical Financial Statements.

As the novel coronavirus (or COVID-19) continues to spread worldwide, its impact on international business operations, supply chains, travel, commodity prices, consumer confidence and business...

On December 20, 2017, the Supreme Court of Canada (SCC) released its long-awaited decision in Deloitte & Touche v. Livent Inc. (Receiver of) (Livent)...