New Quality Management Guide (QMG) Released

CPA Canada has released is new Quality Management Guide subscription. This product is a replacement for the previous Quality Assurance Manual (QAM) and discounts are available if you purchase this subscription prior to October 31, 2022. At a discounted cost for CPA Members of $319 the resource is well worth the trade off of your … Continue reading “New Quality Management Guide (QMG) Released”


CSRS 4200 Compilation Engagements: Should the financial statements be labeled “Unaudited – See Compilation Engagement Report”?

As we continue to work through implementation of CSRS 4200 Compilation Engagements (CSRS 4200), we are sharing our frequently asked questions (FAQs).  In our fourth post, we will address the inclusion of “Unaudited – See Compilation Engagement Report” as a reference on the cover page and the individual statements. If you missed our first three … Continue reading “CSRS 4200 Compilation Engagements: Should the financial statements be labeled “Unaudited – See Compilation Engagement Report”?”


Agreed-upon engagements for Law Society of BC Accountants Reports

With the new Agreed-Upon Procedures standards now in effect we are continuing to provide resources for practitioners for the execution of these engagements.  In response to requests from practitioners, we are pleased to announce that we have released our AUP engagement template file for Law Society of BC (LSBC) Accountants Report engagements. We also have available … Continue reading “Agreed-upon engagements for Law Society of BC Accountants Reports”


CSRS 4200 Compilation Engagements: Should there be a reference to the note(s) on the financial statements?

As we continue to work through implementation of CSRS 4200 Compilation Engagements (CSRS 4200), we are sharing our frequently asked questions (FAQs).  In our third post, we will address the inclusion of a reference to the notes on the statements. If you missed our first two posts addressing terminology being used including financial information and … Continue reading “CSRS 4200 Compilation Engagements: Should there be a reference to the note(s) on the financial statements?”


CSRS 4200 Compilation Engagements: Management Representation Letter vs. Management Acknowledgement Letter

As we continue to work through implementation of CSRS 4200 Compilation Engagements, we are sharing our frequently asked questions (FAQs).  If you missed my first post, we addressed CSRS 4200 Compilation Engagements: Financial Statements vs. Financial Information. Here we are with FAQ#2. “If we choose to document management acknowledgements formally in a letter should it … Continue reading “CSRS 4200 Compilation Engagements: Management Representation Letter vs. Management Acknowledgement Letter”


Redeemable Shares issued in Tax Planning Arrangement: Current or Long-Term?

Working through the adoption of the new requirements under HB 3856 Financial Instruments for the measurement, presentation and disclosure of redeemable shares issued in a tax planning arrangement is well underway for December 31, 2021, year-ends. If your experience is similar to ours, you have likely found that a significant proportion of the outstanding redeemable … Continue reading “Redeemable Shares issued in Tax Planning Arrangement: Current or Long-Term?”