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”
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”
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”
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.