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Is printing all financial statement pages
on your letterhead a good risk management
practice?
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The Order has achieved its objective before
the Supreme Court
In its recent judgment in Barreau du
Québec v. Attorney General of Quebec
(2017 SCC 56), the Supreme Court
does not limit in any way the scope of section
141 of the Act respecting the Barreau
du Québec, which allows CPA Order members
to prepare notices of objection and notices
of appeal for their clients, and to discuss
their clients’ assessments with the tax
authorities. Moreover, the dissenting judge,
whose opinion on this point was not contested
by the majority, specifically recognized
that Quebec CPAs have this right.
So mission accomplished for the Order, which
intervened in the matter jointly with CPA
Canada.
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The Auditing and Assurance Standards Board
(AASB) field tested a proposed auditing
standard
While the Exposure Draft Auditing Accounting
Estimates and Related Disclosures was
out for comment, the AASB launched a new
way to obtain input focused on field testing.
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Considerations when issuing management letters
Under Canadian Auditing Standard 265,
Communicating Deficiencies in Internal
Control to Those Charged with Governance
and Management, auditors are required
to communicate to those charged with governance
significant deficiencies in internal control
identified during the audit.
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Gradual elimination of restrictions on ITR
claims by large businesses
Under the Comprehensive Integrated Tax Coordination
Agreement regarding sales tax harmonization,
the Quebec government committed to phasing
out the input tax refund (ITR) restrictions
applicable to large businesses as of January
2018.
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Compliance services of the Commission des
normes, de l'équité, de la santé et de la
sécurité du travail (CNESST)
As of November 27, the CNESST’s compliance
services will be available through the secure
area Mon espace employeur on the
CNESST website.
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