Some months before the SEC released its report on IFRS that we discussed on the preceding page, the oversight bodies of the IASB, the IFRS Trustees and the Monitoring Board, unveiled a new strategic plan for the IASB – a new vision, if you will, establishing the IASB’s direction, operations, governance and funding for the next ten years.

The lifeblood of any business is its ability to collect cash and pay bills, as well as pay its employees, particularly its owners. Far too often small businesses are profitable, but they...

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

The Financial Services Regulatory Authority of Ontario (FSRA) has released proposed guidance that speaks to its expectations for mortgage administrators when complying with their financial...

Finance Minister Bill Morneau delivered the 2016 Federal Budget on March 22, 2016. The Crowe MacKay Tax Team has summarized the highlights here.

The report of the Canadian auditor general in November 2016 found unacceptable delays in CRA processing of Notices of Objection, which are tax appeals from tax audits.

While postal code based audits are not new, CRA's formalization of the project is.

In the wake of the leak the Minister of National Revenue The Honourable Diane Lebouthillier announced that CRA would investigate all Canadian names revealed.

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).

The T1135 specified foreign property form was recently changed to allow a simplified reporting method as of 2015 through a two-tiered reporting system.

The files seized from an accountant can be used in tax prosecution against the accountant's client.

B.C. societies incorporated under the Society Act (B.C.) are required to file an Annual Report with B.C. Registry Services to remain in good standing.

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.

On January 30, 2009, the Securities and Exchange Commission ("Commission") adopted rules to require domestic public companies and foreign private issuers that prepare their financial statements...

Recent regulatory changes in Canada require businesses using accounting and bookkeeping software—including payroll and payment services—to provide additional business information. These changes, introduced as part.