I’ve been very busy the past week at a job out of town, which continues this week. Blog posts have slowed to a trickle again. It’s the first job I’ve been on that is away from home, but it hasn’t been too bad and the hours we’ve been working aren’t excessive for busy season. There […]

More →

Commis­sioner and chief executive of the Canadian Revenue Agency reminds us in a story in the Financial Post that there are no random audits in Canada. If your tax return is selected for audit, the CRA has identified some aspect of your return, be it a deduction claimed or an industry that it is focusing […]

More →

I have been on vacation for the last half of this month, and that along with Christmas has resulted in much less activity on this blog than is normally seen. Additionally, I have been immersed in a great book on the Enron scandal, titled “The Smartest Guys In the Room: The Amazing Rise and Scandalous […]

More →

Materi­ality is an important concept in auditing. The point of an audit is to certify the financial state­ments as being free of material misstatement. A material misstatement is one which would affect the decisions of a user of those state­ments. This recent blog post at the VeraSage Institute, more known for their pioneering work in […]

More →

I was recently asked what I thought about value pricing as it relates to profes­sional services firms. The billable hour is typically how firms price their engage­ments, but the idea of value pricing is gaining momentum and accep­tance is growing. I believe in a compet­itive market, value pricing would occur naturally. Misin­for­mation from vested interests […]

More →