You  may have already noticed that your auditors are a bit more perky (chirpy?) about preparing for their 2009 audits.  What you may not know is the reason: effective December 15, 2009 your auditors are being held to a new standard - the Canadian Standards on Quality Control (”CSQC 1“).
Uhm, why do I care?
Fair enough.  [...]

As all of my companies approach quarter end right now, I am having active discussions with the sales folks about quarter-to-date bookings and then translating into revenue for management to measure against Q1 targets.  As this is the first quarter in what is expected to be a completely recessionary year a LOT of pressure will [...]

Every company, large or small, strives to conduct business ethically, honestly and in full compliance with all laws and regulations.  I mean, really, a company’s success is based on creating innovative, high quality products and/or services while demonstrating integrity in every aspect or decision made in the company.
Ah, but there is the rub: decisions.  In [...]

OK, clearly I have audit on the brain (it is no coincidence that a majority of my clients are preparing for their upcoming 2008 audits).  Recently a staff accountant asked me:
what is the PBC list you keep talking about?
Well, first, PBC stands for Provided by Client.  Technically the PBC is a request by external auditors [...]