For Practitioners

Important updates for members in Public Practice

Allen, Paquet & Arseneau LLP Tax Letter (December 2023)

Every month, Allen, Paquet & Arsenea LLP adds a tax letter to their website to help with a variety of tax-related questions.

IFRS Knowledge Hub

Preparers' guide to the IFRS Sustainability Disclosure Standards

New trust reporting requirements for T3 returns filed for tax years ending after December 30, 2023

The rules governing which trusts must file an annual T3 Trust Income Tax and Information Return ("T3 Return") have been changed for trusts with a taxation year ending after December 30, 2023.

CSQM and QMG Cloud – What’s in it for you?

Quality management is the act of overseeing all activities and tasks needed to maintain a desired level of excellence. Read about the new Canadian quality management standards and tools to stay ahead.

CRA responds to questions from CPAs across Canada – 2023

During 2023, CPAs across the country were canvassed to pose the top questions they have for the CRA.

International Sustainability Standards Board (ISSB): Resources and guidance

Prepare your entity for upcoming Sustainability Disclosure Standards issued by the ISSB with our suite of guidance and resources.

Are you sure you don’t have to apply CAS 600?

Canadian Auditing Standard (CAS) 600 was issued into the CPA Canada Handbook – Assurance in August 2022 and is effective for audits of financial statements for periods beginning on or after December 15, 2023.

Audit & Assurance Alert CAS 600: Revised standard coming into effect

This Audit & Assurance Alert is being issued to raise awareness about the revised Canadian Auditing Standard (CAS) 600, Special Considerations – Audits of Group Financial Statements (Including the Work of Component Auditors).

New and improved CRA digital services for tax practitioners

With so many enhancements in the works for the Canada Revenue Agency’s (CRA) services, it’s hard to keep track. We asked the CRA to share the most important changes that tax practitioners should know about.

PSAB's new Reporting Model Issued

The new Reporting Model in Financial Statement Presentation, Section PS 1202 was issued in the CPA Canada Public Sector Accounting (PSA) Handbook on October 2, 2023.

Implementation tool for auditors: Revised CAS 315, risks of material misstatement

Looking for tips on how to implement selected requirements in CAS 315? Interested in why certain requirements in CAS 315 exist and how they drive an effective audit? Read this guidance to find out more.

Audit and assurance alert: Auditors and actuaries, a new joint policy statement

A new joint policy statement between auditors and actuaries is effective for communications initiated on or after March 31, 2023. Read this alert to learn more about the changes.

Determining the group auditor’s responsibilities: Implementation guide

Do you have a group audit? Are you auditing group financial statements? Learn to apply the new CAS 600.

Financial Reporting Alert: Accounting Guideline 20, Customer’s Accounting for Cloud Computing

This alert highlights key aspects of the new Accounting Guideline 20 (AcG-20), Customer’s Accounting for Cloud Computing Arrangements which is applicable to both private enterprises and not-for-profit organizations.

The New Compilation Engagements Standard – How are you managing?

The blog article highlights some of the challenges faced by practitioners in implementing the new compilation standards based on observations from practice inspection findings.

AcSB Exposure Draft – Improvements to Accounting for Common Control Combinations

The Accounting Standards Board (AcSB) proposes, subject to comments received following exposure, to amend Section 3840, Related Party Transactions, in Part II of the CPA Canada Handbook – Accounting.

Important Notice Regarding Compilation Engagements

Over the last several months, inspections of compilation engagements across Canada have highlighted some significant deficiencies in the application of the new Canadian Standard on Related Services (CSRS) 4200, Compilation Engagements.

ISSB exposure drafts: ‘Sustainability will be core to a CPA’s role in the future’

Rosemary McGuire, CPA Canada’s director of external reporting and capital markets, on Canadian stakeholder responses to the ISSB’s first two EDs and related developments.

Tax resources for CPAs

Continue to advance your tax knowledge with these resources, including webinars, courses and publications. Created for CPAs and the broader tax community, our resources will help you stay current on changing tax laws.

What to look for when buying or selling an accounting practice

Balancing the expectations of the seller with the goals of the buyer is key to ensuring a successful transaction.