What bookkeeping systems should startups use in Canada?
Choosing the right bookkeeping system can significantly simplify your startup’s financial management and ensure compliance with Canadian tax…
How to conduct a sales tax compliance audit in Canada?
Performing a sales tax compliance audit requires meticulous preparation and a clear understanding of Canadian tax laws. Start by gathering all…
What is the audit process for non-profit organizations in Canada?
Implementing a clear and efficient audit process helps non-profit organizations meet regulatory requirements and build trust with donors and…
What are the audit requirements for publicly traded companies in Canada?
Public companies in Canada must adhere to strict audit standards mandated by regulators. Conducting an annual audit by an independent…
What documentation is required for a GST/HST audit in Canada?
Ensure you have comprehensive records ready before your GST/HST audit begins. Accurate documentation streamlines the process and demonstrates…
How to prepare for a review engagement in Canada?
Begin by thoroughly understanding the specific requirements outlined by the Canadian accounting standards for review engagements. Carefully…
What is a voluntary disclosure program in Canada?
If you discover that you have unreported income or incomplete tax filings, it is highly advantageous to participate in Canada’s Voluntary…
What is the difference between internal and external audits in Canada?
Implementing a structured approach to audits can significantly improve a company’s compliance and financial accuracy. Focusing on…
What to do if you’ve lost financial records in Canada?
If you’ve misplaced important financial documents, act quickly to minimize complications. Start by gathering any remaining evidence,…
What are the best accounting books for Canadian entrepreneurs?
Choosing the right accounting resources can significantly boost a small business’s financial health and compliance. Books tailored to…