While we are all working hard to support our clients during this crisis please ensure that you are considering mitigating your risk. These are difficult times for many organizations, which means we need to be aware of personal and professional pressures that our clients face. It becomes easier to rationalize a few tweaks here and … Continue reading “COVID-19: Assisting Clients with the Canadian Emergency Wage Subsidy”
Professional Engagement Guide (PEG) update It’s that time of year again when the updated PEG checklists are released and your firm templates should be updated. New Resources Whether you subscribe to Caseware, Jazzit or another third party service provider and use the checklists in their entirely or you customize your firms’ templates … Continue reading “2019 Professional Engagement Guide (PEG) Update”
By Justin McLaughlin / Bridget Noonan Due to the ever-changing landscape of the Canadian environment, the Auditing and Assurance Standards Board (AASB) proposed a new standard for quality management in April 2019. The AASB is proposing to adopt the international standard, ISQM 1, as CSQM 1. An additional standard, CSQM 2 will be created and … Continue reading “New Quality Management Standards Proposed for Canadian CPA Firms”
CPA Canada has released the 9th update to its Quality Assurance Manual (QAM) publication which is a package of materials, templates and worksheets designed to help firms comply with Canadian quality control standards. The most significant aspect of this update is the inclusion of material that addresses the new review engagement standard, CSRE 2400. As … Continue reading “CPA Canada Quality Assurance Manual Updated for CSRE 2400”
The results are in and 23% of assurance firms are in need of some assistance and we are here to help. CPABC has released the 2016-2017 practice inspection results and almost one in every four firms providing assurance services did not meet the requirements of the practice inspection program…
Monitoring is a vital part of a public practice firm’s system of quality control. In this latest blog from Clearline Consulting, we share the top three benefits of monitoring.
In our latest blog, we explore how the monitoring process can contribute to the professional development of your team.
When done right, monitoring can be a value-add to your firm in a number of ways, but it takes a thoughtful, planned and thorough approach to ensure you get the most from your efforts.