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 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…