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 are the audit requirements for charities in Canada?
Ensuring compliance with auditor requirements is a critical step for charities operating in Canada. The law mandates that charities with…
How to prepare financial statements for an audit in Canada?
Start by gathering and organizing all relevant financial data, ensuring completeness and accuracy before beginning the preparation process.…
What are the common audit findings for small businesses in Canada?
Identify and address discrepancies in expense documentation to prevent costly penalties and ensure accurate financial reporting. Many small…
How to select an external auditor in Canada?
If you want to ensure your financial statements are accurate and compliant, selecting the right external auditor becomes a priority. Start by…
How to handle pre-incorporation expenses in Canadian accounting?
Recognizing these expenses correctly from the outset helps ensure compliance with Canadian accounting standards and provides a clearer picture…
How to access CRA resources for business accounting in Canada?
Registering for a My CRA Account provides instant access to a wide range of tools and information crucial for managing your business finances.…
How to find accounting mentors in Canada?
Identify leading accounting firms in Canada and reach out to senior professionals through their company websites or professional networks.…
What accounting webinars are available for Canadian businesses?
Participating in targeted webinars offers Canadian business owners and accounting professionals a direct way to stay up-to-date with the…