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  • Article

    Revenue Agencies: Tax Audits Are Back

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

    Canadian Securities Regulators Provide Update On Approach To Director And Audit Committee Member Independence

    On 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 Audit
    Goodmans LLP
    Goodmans LLP
  • Article

    CRA Tax Audit Of Canadians Implicated In Panama Papers

    As 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.
    CanadaTax
    Rotfleisch & Samulovitch P.C.
    Rotfleisch & Samulovitch P.C.
  • Article

    A Review Of CSA Consultation Paper 52-403: Auditor Oversight Issues In Foreign Jurisdictions

    On 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 Audit
    Fasken (French)
    Fasken (French)
  • Article

    Regulators Begin Focused Compliance Sweeps

    It 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 Audit
    Borden Ladner Gervais LLP
    Borden Ladner Gervais LLP
  • Article

    SCC: Auditors May Be Liable For Losses Related To Audit Opinions

    On 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 Audit
    Torys
    Torys
  • Article

    Maintaining The Status Quo: Canadian Securities Regulators Confirm No Changes To Current Approach To Determining Director And Audit Committee Member Independence

    The 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 Law
    McCarthy Tétrault
    McCarthy Tétrault
  • Article

    PMRA Failing To Fulfill Its Mandate

    The 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.
    CanadaEnvironment
    Siskinds LLP
    Siskinds LLP
  • Article

    CBSA Updates Its 2015 Trade Verification/Audit Targets

    This month, the Canada Border Services Agency (CBSA) updated its customs compliance verification priorities for 2015.
    CanadaInternational Law
    Bennett Jones LLP
    Bennett Jones LLP
  • Article

    Now Offering Complimentary Virtual Workplace Audits

    As 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 Management
    McInnes Cooper
    McInnes Cooper
  • Article

    Product Liability For Latent Defects And Proof Of Loss Of Profit In The Absence Of Audited Financial Statements

    In August 2008, American Brands issued a purchase order to Capmatic for the Equipment.
    CanadaLitigation, Mediation & Arbitration
    Fasken
    Fasken
  • Article

    The Office Of The Information And Privacy Commissioner Reminds BC's Private Businesses That Use Of Video Surveillance Is A Last Resort

    The Commissioner concluded that the Clinic's use of video and audio surveillance was excessive in the circumstances.
    CanadaPrivacy
    McCarthy Tétrault
    McCarthy Tétrault
  • Article

    inFocus: Best Of 2016

    Change 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.
    CanadaTax
    Crowe Soberman LLP
    Crowe Soberman LLP
  • Article

    Restaurant Owners Who Buy from The Beer Store Will Face Increased CRA Scrutiny

    Audit, Bar Owners, CRA, David Piccolo, Federal Court, Joe Wahba, Law Society of Ontario, Restaurant Owners, Tax Lawyers, The Beer Store
    CanadaTax
    KPK Law LLP
    KPK Law LLP
  • Article

    Your Municipal Taxes - March 2016

    Without a doubt, municipal and school taxes are a significant annual expense for every taxpayer.
    CanadaTax
    Langlois Avocats
    Langlois Avocats
  • Article

    IIROC Rule Amendment To Permit Delivery Of Unaudited Summary Financial Statements Upon Client Request

    The 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 Law
    Stikeman Elliott LLP
    Stikeman Elliott LLP
  • Article

    CBSA Announces 2017 Trade Verification Priorities

    As 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 Audit
    Bennett Jones LLP
    Bennett Jones LLP
  • Article

    Here Comes The CEWS Audits

    Today 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 Audit
    Moodys Private Client Law LLP
    Moodys Private Client Law LLP
  • Article

    Hocus Pocus Everyone Focus – Are You CFR-Compliant? Further Update On Regulatory Audits

    Ensuring a process is in place to identify material conflicts of interest that arise at both the firm and individual registrant levels.
    CanadaCompliance
    Borden Ladner Gervais LLP
    Borden Ladner Gervais LLP
  • Article

    SEC Agrees To $11.8 Million Settlement With Auditor For Alleged Audit Failures

    In 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 Law
    Osler, Hoskin & Harcourt LLP
    Osler, Hoskin & Harcourt LLP

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