With less than 5 weeks until the first UHT deadline, we wanted to give you an update on some recent developments. Penalty Waiver The CRA announced on March 27th that the penalties and interest under the Underused Housing Tax Act would be waived for late-filed UHT return that are filed by October 31, 2023. Though … Continue reading “Underused Housing Tax (UHT) Update”
#compliance Archives - Clearline Consulting
Compliance Review – CSRS 4200 Compilation Engagements
Author Clearline ConsultingPosted on Categories Assurance and other related services, CSRS 4200, Monitoring, Quality Control, Quality ManagementLeave a comment on Compliance Review – CSRS 4200 Compilation Engagements Many of the provincial CPA bodies have issued CSRS 4200 Compilation Engagement Alerts, such as the one issued in BC, putting practitioners on notice that inspection findings are highlighting deficiencies in the application of the requirements under CSRS 4200, Compilation Engagements. These deficiencies were summarized as follows: Failure to transition to CSRS 4200, Compilation … Continue reading “Compliance Review – CSRS 4200 Compilation Engagements”
Compliance Review – Adoption of CSRS 4200 Compilation Engagements
Author Clearline ConsultingPosted on Categories Assurance and other related services, CSRS 4200, Monitoring, Quality Control, Quality ManagementLeave a comment on Compliance Review – Adoption of CSRS 4200 Compilation Engagements The implementation of CSRS 4200 is the most significant change accounting firms have faced in over 30 years. Now is the time to receive feedback on your firm’s compliance with the new compilation engagement standards before templates and files are finalized. Clearline Consulting can help. We have completed our first round of cyclical monitoring for … Continue reading “Compliance Review – Adoption of CSRS 4200 Compilation Engagements”
Accounting for Cloud Computing Arrangements
Author Clearline ConsultingPosted on Categories Accounting, ASNPO, ASPELeave a comment on Accounting for Cloud Computing Arrangements With significant amounts being spent on technology upgrades, remote access, and cloud-based service arrangements. the AcSB has issued an exposure draft for a proposed new accounting guideline, AcG 20 – Customers’ Accounting for Cloud Arrangements. This will be the first new AcG issued, if approved, since transition from Part V of the Handbook to ASPE … Continue reading “Accounting for Cloud Computing Arrangements”