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  • New Canadian Standard on Review Engagements – What Should You Expect?

    Canadian Financial Statement

    Written by Sharon Eidelman, CPA, CA Review engagement reports on financial statements have changed for financial statement periods ending on or after December 14, 2017. So what does that mean for you, the client? How do the new standards impact your role as management or those charged with governance? The list below provides answers. What Should You Expect? New letters: We will require you to sign a new engagement letter. This letter will explain your responsibilities as the client and our responsibilities as the practitioner as they relate to the review engagement standard. There may also be changes to the representation letter as necessary. More communication: The new review engagement standard includes a greater emphasis on communication with you as […]

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  • PRIVATE COMPANY PROPOSED LEGISLATION 2.0 – NEW YEAR’S EDITION

    Tax Proposal Legislation

    After receiving over 21,000 submissions, and receiving some large amounts of pushback and media attention, the government has amended its July 18th, 2017 proposals. The following is a detailed summary of the rules.

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  • Changes to WIP Rules Whip up a Storm

    Changes to WIP Rules Canada

    Tax work-in-progress rules are changing. Read about how the proposed new rules differ from the current ones and how they will impact professional businesses including accountants, lawyers, and doctors.

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