Accounting Standards and Updates

AASOC and the Public Interest

AASOC and the Public Interest

What does the term “public interest” mean to the Auditing and Assurance Standards Oversight Council (AASOC)? In a new paper released in August 2016, they clarify and expand on their responsibility to be satisfied that the standard-setting process is appropriate and responsive to the public interest. A few of the key points outlined in t..
CRA changes affecting your GST/HST return

CRA changes affecting your GST/HST return

New reporting lines on Form GST34-3, Goods and Services Tax/Harmonized Sales Tax (GST/HST) Electronic Filing Information As part of its ongoing effort to better serve businesses and simplify its electronic services, starting May 16, 2016, the Canada Revenue Agency (CRA) changed the way business can report different types of income on line 101 of th..