| CEWS, taxable benefits and CEBA: answers to your questions |
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Are you ready for the CEWS audits? Are you familiar with the new relief measures regarding certain taxable benefits or even the tax treatment of the non-repayable $10,000 portion included in the CEBA?
In the webinar they co-hosted, CPA Canada and the CRA provide you with clarifications regarding the documents to provide to auditors and advise you about some outstanding issues |
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| Extension of the interruption of in-class training activities until April 30, 2021 |
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| For everyone’s safety, the interruption of our in-class training activities, which has been in effect since last March, is extended until April 30, 2021. The situation will be reassessed at that date. Most of our training partners have also taken a similar position. |
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| EXPERT ADVICE AND RESOURCES |
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| New CSRS 4400, Agreed-upon Procedures Engagements |
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| The new Canadian Standard on Related Services (CSRS) 4400, Agreed-upon Procedures Engagements (AUP), seeks to respond to the needs of stakeholders, provide clarity in the AUP report and enhance consistency in the performance of AUP engagements. |
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| Revised CAS 540: Implementation during COVID‑19 |
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| The revised standard, CAS 540, includes several changes that auditors will need to understand and implement. Learn how these changes are being implemented during the pandemic, including where scalability may arise. |
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| Accounting Standards for Not-for-Profit Organizations and COVID-19 |
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| In the midst of the current pandemic, it would be wise to consider the impacts that COVID-19 could have on the financial statements of NFPOs. |
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| Exposure draft – Annual improvements of ASPE and ASNFPO |
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Make your voice heard regarding the AcSB’s proposed amendments to the accounting standards in Part II and III of the CPA Canada Handbook – Accounting that, among other things, address:- the application of these accounting standards by an organization that had applied them in a previous reporting period, but whose most recent annual financial statements were not prepared in accordance therewith;
- the disclosure of certain amounts owing or that are due to related parties;
- the disclosure of information relating to business combinations and disposals of business units;
- example 3 of Section 3856 on financial instruments.
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| Canada Emergency Business Account (CEBA): easing of the access conditions |
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| Since October 26, 2020, the CEBA has been open to businesses using personal banking accounts. |
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| Notices of temporary striking off the roll have been issued recently. |
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| Expert advice and resources |
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