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”
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”
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)”
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”
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”
Canada-BC Job Grant to support your Firms’ Professional Development Goals Our investment in continuing professional development (CPD) is significant and with the changes in the regulations and the complexity within all the service lines we provide this cost will only be increasing, measured in both time and money. A number of our Firms have been … Continue reading “Canada-BC Job Grant”
Back in its Compilation Engagements exposure draft the Auditing and Assurance Standards Board (AASB) indicated that it had not yet formed a view as to whether the proposed new standard Canadian Standard on Related Services (CSRS) 4200 should be subject to quality control requirements at the firm level and at the engagement level. The current … Continue reading “Are Quality Control and Monitoring Standards Coming to Compilations?”
Here’s how a strong brand can help your accounting firm attract and retain good, hard-working employees.
Consider these simple steps to creating a successful online presence for your accounting firm.
Thinking about branding? Here’s what you need to consider for your accounting firm, and why it’s important.