Canadian Accountant

1 week ago | canadian-accountant.com | Ben Richmond

Ben Richmond is Managing Director, North America at Xero. THE accounting industry has evolved steadily over the last decade, undergoing somewhat of a quiet revolution that was accelerated by the global pandemic. While the profession is generally perceived as being slower to innovate — this is not necessarily the reality. Across Canada, and particularly over the past few years, firms are embracing new technologies and fine-tuning how to best serve their clients.

2 weeks ago | canadian-accountant.com | Colin Ellis

TORONTO, April 6, 2025 – Time is running out for one Canadian accounting firm to improve its audit quality before its name is revealed to investors and the public. The Canadian Public Accountability Board has released its annual inspection report and one member of the Big Four accounting firms has “unacceptable levels … over consecutive years” of audit deficiencies.

3 weeks ago | canadian-accountant.com | Colin Ellis

TORONTO, Sunday, March 30, 2025 – Canadians will soon know which accounting firms are passing or failing their annual audit inspections. For the first time since its founding in 2003, the Canadian Public Accountability Board will publish individual, “firm-specific” public inspection reports, commencing with 2025 inspections and expected to be published in the first quarter of 2026. The changes occur after years of industry consultation, government relations and media coverage.

1 month ago | canadian-accountant.com | John Woodside

OTTAWA, March 18, 2025 – Conservative Party Leader Pierre Poilievre’s new promise to kill industrial carbon pricing would eliminate the central plank of Canada’s emission-reduction efforts, while making Canada’s economy less competitive in the long run, experts say. Poilievre has long railed against the consumer carbon price, which Prime Minister Mark Carney removed as one of his first actions in office on Friday. But following that move, Poilievre is keeping the debate alive.

1 month ago | canadian-accountant.com | Colin Ellis

Practice National Standards Public Company Accounting Oversight Board levies US$700k against KPMG Canada, US$3.375 million in total against nine member firms of the KPMG global network TORONTO, March 16, 2025 – KPMG Canada and eight other member firms of the KPMG global network repeatedly failed to accurately disclose the participation of other accounting firms in KPMG audits.