Several people have asked me about the difference between the PCAOB in the United States, and the CPAB in Canada. Please see below for a brief synopsis – hope this clarifies. Read more »

On April 18, 2008 the Canadian Securities Administrators (CSA), in conjunction with the Ontario Securities Commission (OSC), released an update to MI 52-109. Read more »

On May 24, 2007 the Public Company Accounting Oversight Board (PCAOB) in the United States released Audit Standard #5 (AS 5), which supersedes Audit Standard #2 (AS 2). Read more »

Entity Level Controls – as outlined in other areas of this web-site, Entity Level Controls (ELC) pertain to the “tone at the top”. Read more »

The Sarbanes Oxley Act of 2002 in the United States and its Canadian counterpart Bill-198 has placed a much greater emphasis on internal controls and providing tangible proof to stakeholders that the financial statements and disclosures are correct – by way of documentation of processes / key controls, testing the effectiveness of controls CEO and CFO certifications. Read more »

The Balanced Scorecard is a relatively new performance measurement tool which provides management with a method to align the organization’s strategic plan with its operating budget and ongoing measurement program (variance analysis).

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