ArticleRevenue Agencies: Tax Audits Are BackWe are all eagerly awaiting a return to normal life following the fifth wave of the COVID-19 pandemic. CanadaTaxFasken
ArticleCanadian Securities Regulators Provide Update On Approach To Director And Audit Committee Member IndependenceOn July 26, 2018, the Canadian Securities Administrators (CSA) published CSA Staff Notice 52-330 Update on CSA Consultation Paper 52-404 Approach to Director and Audit Committee Member Independence.CanadaAccounting and AuditGoodmans LLP
ArticleCRA Tax Audit Of Canadians Implicated In Panama PapersAs threatened at the time of the massive Panama Papers tax haven information leak, the Canada Revenue Agency has confirmed tax fraud investigations of dozens of Canadians for possible tax evasion charges linked to the Panama Papers. CanadaTaxRotfleisch & Samulovitch P.C.
ArticleA Review Of CSA Consultation Paper 52-403: Auditor Oversight Issues In Foreign JurisdictionsOn April 25, 2017, the Canadian Securities Administrators (CSA) published a consultation paper to obtain stakeholders' views on introducing enhanced oversight requirements for foreign audit firms.CanadaAccounting and AuditFasken (French)
ArticleRegulators Begin Focused Compliance SweepsIt appears that the long promised regulatory KYC, KYP and suitability audits have begun. Regulators have started reaching out to conduct focused compliance reviews to ensure compliance...CanadaAccounting and AuditBorden Ladner Gervais LLP
ArticleSCC: Auditors May Be Liable For Losses Related To Audit OpinionsOn December 20, the Supreme Court of Canada (SCC) released its decision in Deloitte & Touche v. Livent Inc. In a 4-3 decision, the majority held that auditors may be liable for losses ...CanadaAccounting and AuditTorys
ArticleMaintaining The Status Quo: Canadian Securities Regulators Confirm No Changes To Current Approach To Determining Director And Audit Committee Member IndependenceThe Canadian Securities Administrators (the "CSA") recently issued Staff Notice 52-330 – Update on CSA Consultation Paper 52-404 Approach to Director and Audit Committee Member Independence (the "Staff Notice"). CanadaCorporate/Commercial LawMcCarthy Tétrault
ArticlePMRA Failing To Fulfill Its MandateThe Federal Commissioner for the Environment and Sustainable Development tabled her audit findings on January 26, 2016 of the management of pesticides by Health Canada's Pest Management Regulator Agency.CanadaEnvironmentSiskinds LLP
ArticleCBSA Updates Its 2015 Trade Verification/Audit TargetsThis month, the Canada Border Services Agency (CBSA) updated its customs compliance verification priorities for 2015.CanadaInternational LawBennett Jones LLP
ArticleNow Offering Complimentary Virtual Workplace AuditsAs an employer, the demands and complexities of workplace issues facing you and your business are likely to evolve as quickly as the world around you.CanadaLaw Practice ManagementMcInnes Cooper
ArticleProduct Liability For Latent Defects And Proof Of Loss Of Profit In The Absence Of Audited Financial StatementsIn August 2008, American Brands issued a purchase order to Capmatic for the Equipment. CanadaLitigation, Mediation & ArbitrationFasken
ArticleThe Office Of The Information And Privacy Commissioner Reminds BC's Private Businesses That Use Of Video Surveillance Is A Last ResortThe Commissioner concluded that the Clinic's use of video and audio surveillance was excessive in the circumstances.CanadaPrivacyMcCarthy Tétrault
ArticleinFocus: Best Of 2016Change is a natural part of life – for people as individuals and in the lifecycle of a business as well. Companies must grow, evolve and re-invent to stay competitive in an ever-changing world.CanadaTaxCrowe Soberman LLP
ArticleRestaurant Owners Who Buy from The Beer Store Will Face Increased CRA ScrutinyAudit, Bar Owners, CRA, David Piccolo, Federal Court, Joe Wahba, Law Society of Ontario, Restaurant Owners, Tax Lawyers, The Beer StoreCanadaTaxKPK Law LLP
ArticleYour Municipal Taxes - March 2016Without a doubt, municipal and school taxes are a significant annual expense for every taxpayer.CanadaTaxLanglois Avocats
ArticleIIROC Rule Amendment To Permit Delivery Of Unaudited Summary Financial Statements Upon Client RequestThe new standard summary statement of financial position will be generated by the dealer member using the Securities Industry Regulatory Financial Filings system and would be certified by the Chief Financial Officer of the dealer member.CanadaCorporate/Commercial LawStikeman Elliott LLP
ArticleCBSA Announces 2017 Trade Verification PrioritiesAs has become its customary practice at this time of the year, the Canada Border Services Agency (CBSA) has published its trade verification (audit) priorities for the coming year. CanadaAccounting and AuditBennett Jones LLP
ArticleHere Comes The CEWS AuditsToday is the six-month anniversary of the Canada Emergency Wage Subsidy ("CEWS") program which has been handing out aids to employer for wages paid with an effective start date of March 15, 2020. CanadaAccounting and AuditMoodys Private Client Law LLP
ArticleHocus Pocus Everyone Focus – Are You CFR-Compliant? Further Update On Regulatory AuditsEnsuring a process is in place to identify material conflicts of interest that arise at both the firm and individual registrant levels.CanadaComplianceBorden Ladner Gervais LLP
ArticleSEC Agrees To $11.8 Million Settlement With Auditor For Alleged Audit FailuresIn October 2016, the U.S. SEC announced Ernst & Young LLP agreed to pay $11.8 million to settle SEC allegations related to failed audits at oil services company Weatherford International PLC. CanadaCorporate/Commercial LawOsler, Hoskin & Harcourt LLP