CSRS 4200 Transitioning to the New Compilation Engagements Standard

It is not the complexity of the new standard that will cause significant disruption to firms, it is the sheer volume of files that need to be transitioned. With resources currently available through your professional engagement guide subscription and related training sessions we recommend you get started before tax season is upon us once again. … Continue reading “CSRS 4200 Transitioning to the New Compilation Engagements Standard”


COVID-19: Return to Work Policies and Staff Compliance Agreements

We know from the results of our COVID-19: CPA Public Practice Survey, that was recently completed, that a significant percentage of small to medium sized firms closed their offices and continued to service clients remotely from home.  Since then, many firms have returned to their offices but may be struggling to communicate the new COVID-19 … Continue reading “COVID-19: Return to Work Policies and Staff Compliance Agreements”


AcSB Proposes Relief for Lease Accounting during COVID-19 Pandemic

The Accounting Standards Board (AcSB) has proposed amendments to Section 3065, Leases in an exposure draft published in September. The proposed amendments provide relief for both lessees and lessors on accounting for lease modifications received or granted as a result of the COVID-19 pandemic. These amendments would also apply to not-for-profitorganizations. Many private enterprises and … Continue reading “AcSB Proposes Relief for Lease Accounting during COVID-19 Pandemic”


COVID-19: Accounting for the Canada Emergency Business Account (CEBA)

With continued tax filing deferrals and finalizing all those December and March year-ends, the summer was busy.  We were looking forward to a bit of a slower pace this fall when the first June year-ends started to come in.  The full realization of the significance of the accounting impact related to COVID subsidies and programs … Continue reading “COVID-19: Accounting for the Canada Emergency Business Account (CEBA)”


Consultation paper explores potential changes to Canadian Accounting Standards for Not-For-Profit Organizations

In May 2020 the Accounting Standards Board (AcSB) released a consultation paper that explores the possibility of significant changes to the way that Not-For-Profit Organizations (NFPOs) account for contributions. The talk of change comes from the AcSB’s point of view that the current accounting options add unnecessary complexity to NFPO accounting and sometimes reduce the … Continue reading “Consultation paper explores potential changes to Canadian Accounting Standards for Not-For-Profit Organizations”


2020 Professional Engagement Guide (PEG) Update

The 2020 update to the CPA Canada Professional Engagement Guide (PEG) was released in August. The following is a high level overview of what the key changes are from last year’s version of the PEG. New Compilation (CSRS 4200) Practice Aids The PEG now includes practice aids to assist practitioners with new the documentation requirements … Continue reading “2020 Professional Engagement Guide (PEG) Update”


CSRS 4400 Agreed-Upon Procedures Engagements

The finalized Canadian Standard on Related Services (CSRS) 4400, Agreed-Upon Procedures Engagements, was published in the CPA Canada Handbook – Assurance in August 2020. CSRS 4400 addresses the practitioner’s responsibilities when engaged to perform an agreed-upon procedures engagement; and the form and content of the agreed-upon procedures report. The new guidance applies to the performance of agreed-upon … Continue reading “CSRS 4400 Agreed-Upon Procedures Engagements”


WorkSafeBC COVID-19 Employer Requirements

By Jay Sprio,  Yeager & Company Law Corp., Barristers & Solicitors When the COVID-19 pandemic hit home in BC in March, many firms closed their offices and moved to remote work, while others remained open with new temporary measures to protect staff and clients. As many firms now begin re-opening their physical offices to safe … Continue reading “WorkSafeBC COVID-19 Employer Requirements”


COVID-19: Public Practice Survey

The uncertainty regarding the economic impact of the corona virus and government’s response to the disease has impacted all public practice firms both large and small.  What many of us are wondering is whether our experience has been typical of what other firms have seen?  Also, we are sure that many of you would like … Continue reading “COVID-19: Public Practice Survey”



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