Canadian Accountant - Accounting News & Insight
Five ways Donald Trump’s election victory is good for Canadian accountants. From taxes and tariffs to deregulation, Donald Trump may scare Canadian economists, but accountants are sure to benefit from a second Trump term. Sunday News Roundup 24.11.10: Trump taxes and trade, audit watchdog heeled, and more Canadian accounting news.
Accounting Principles: Part I - Canadian Accountant
May 10, 2020 · When accounting rules become generally accepted by business and the appropriate authorities, we refer to them an "generally accepted accounting principles" (GAAPs), which are essentially the rules within which accountants are supposed to operate. GAAPs comprise assumptions, principles, standards, rules and conventions for preparing and ...
Canadian accounting firm Grant Thornton LLP rebrands nationally, …
TORONTO, October 1, 2024 – One of Canada’s largest accounting firms has rebranded and will refocus its business lines. Grant Thornton LLP will now be known as Doane Grant Thornton LLP in honour of its founding partner and legacy in Canada. It will remain a member of the Grant Thornton global network, while its Quebec counterpart, Raymond ...
Profession - Canadian Accountant
Lori Bokenfohr and Christopher Steeves of Fasken deconstruct a recent US Tax Court example of considerable multilateral cooperation between the IRS and CRA. Learn more about practice, standards and taxation in the Canadian accounting profession, including ethics, trends and policies related to CPAs in Canada.
Special Report: Deloitte Canada tops rival Canadian accounting …
TORONTO, Feb. 2, 2023 – Deloitte Canada is making more money than its Canadian accounting rivals due largely to the strength of its consulting business. In 2022, the professional services firm reported annual revenue of $3.4-billion (all figures in Canadian dollars), 50 per cent of which was earned through consulting, according to its annual ...
Canadian Accountant’s most popular stories of 2022
Dec 30, 2022 · In reverse order, here are the five articles that proved most popular with our readers in 2022. 5. IFAC report: Audit fees in Canada rise to seven-year high. Back in April, the International Federation of Accountants, in partnership with Audit Analytics (which also provides data to Canadian Accountant), published audit fee data from around the ...
IFAC report: Audit fees in Canada rise to seven-year high
May 1, 2022 · TORONTO, April 30, 2022 – Audit fees in Canada hit a seven-year high in 2020 despite pandemic lockdowns and business restrictions, according to a new study from the International Federation of Accountants. The data, which was compiled by Audit Analytics (which also provides data to Canadian Accountant), shows that the average audit fee as a percentage of revenue rose to 0.33% in 2020 for ...
Top 10 Canadian accounting stories of 2020
Jan 1, 2021 · Kudos. 3. Traditional firms finally go virtual. As the old saying goes, “never waste a crisis.”. The pandemic forced reluctant accounting firms across Canada to finally take the Cloud seriously and go virtual. (We were right there with support articles from Sofia Arisheh of …
The top Canadian accounting stories of 2023
Feb 4, 2024 · Homegrown national accounting firm MNP LLP continued to buy up accounting practices across the nation in 2023 and it kicked off 2024 by picking up another firm in Quebec. It’s been remarkable to watch this Calgary-based firm expand its footprint in BC, Ontario and especially Quebec, after its big deal with Deloitte. 7.
Accounting industry resilient, surpasses pre-pandemic levels: StatCan
Jul 22, 2022 · The Canadian accounting industry proved remarkably resilient during the first year of the pandemic. While many industries posted steep revenue declines, the accounting industy was one of just four out of 12 cited in the StatCan study to post positive growth. The accounting industry posted a 2.6% increase in revenue for 2020, which was more than ...