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”



Accounting and Assurance Implications of the COVID-19 Crisis

Soon after this crisis broke out in Canada, there been a lot of talk about the accounting and assurance implications of the COVID-19.  These include financial reporting considerations such as subsequent events and going concern notes, disclosure of risks from financial instrument, as well as measurement of financial and non-financial assets.  The impact is not … Continue reading “Accounting and Assurance Implications of the COVID-19 Crisis”


Managing for the Worst-Case: What Firms Need to Know about Temporary Layoffs and Government Support

By Jay Spiro of Yeager Employment Law, updated 03/26/20 CPA’s and Firms will play a critical role in helping businesses and individuals manage the financial upheaval being caused by the COVID-19 pandemic.  While many Firms will be able to continue  operating by serving clients online and enabling staff to work remotely, this may not be possible … Continue reading “Managing for the Worst-Case: What Firms Need to Know about Temporary Layoffs and Government Support”


“Get Ready”: How BC Firms can Prepare for and Respond to the Coronavirus Outbreak

The rapidly escalating nature of the global COVID-19 pandemic poses a challenge unlike many of us have experienced in our lifetime.  If your Firm hasn’t realized it by now, you need to assume the effects of this virus will be on your doorsteps within a matter of days (if not hours).  While it is certainly … Continue reading ““Get Ready”: How BC Firms can Prepare for and Respond to the Coronavirus Outbreak”


2019 Professional Engagement Guide (PEG) Update

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”


CPABC 2019-20 Licence Renewal & Self Declaration for Audit Licencees

Professional Competence for Public Practitioners who perform audit services – The international Education Standard 8 (IES 8) You may have noticed that your 2019 audit license renewal notice was different than in previous years. If you are not certain why, this article may shed some light on the topic. When renewing your license you were … Continue reading “CPABC 2019-20 Licence Renewal & Self Declaration for Audit Licencees”


CPA Canada Quality Assurance Manual Updated for CSRE 2400

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”


Reporting Implications of the Canadian Standard on Review Engagements

CPA Canada has released their Reporting Implications of the Canadian Standard on Review Engagements (CSRE 2400) guide.  This extensive guide provides a series of issues presented in Q&A format and includes over 20 illustrative Independent Practitioners’ Review Engagement Reports for CSRE 2400.  This will likely be a valuable resource for your firm during the transition to the new review … Continue reading “Reporting Implications of the Canadian Standard on Review Engagements”



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