The Accounting Standards Board (AcSB) recently reviewed several accounting rules that apply to private businesses in Canada that require a financial statement review or audit. Their goal is simple: make accounting requirements easier without reducing the usefulness of financial information for lenders, owners, and investors. The...

What drives costs?   What drives the cost of compliance services? The simple answer is time. The amount of time it takes to complete work for a client will fluctuate based on many factors, including the following: The complexity and volume of the overall business operations How...

  Not-for-profits have a wide range of financial statement users who make decisions based on the information provided. CPA firms are often engaged to provide assurance services not only to meet requirements of lenders and grantors, but also to lend credibility to their financial reporting.   Although the pandemic...