Related Party Combinations, Cloud Computing, and Financial Instruments.
Note that this session was recorded on October 5, 2023. The material remains relevant if you are looking for a review of the accounting guideline for cloud computing, review of the related party combinations exposure draft and financial instrument reminders and examples
The annual APSE update will review the guidance provided in a new exposure draft for related party combinations and the new accounting guideline for cloud computing expenditures. Reminders of previously effective standards will be provided to ensure your 2023 financial statements reflect these changes. The session will wrap up with a highlight of the common deficiencies we note in the application of the onerous HB 3856 financial instruments and related party transactions requirements which were part of the 2021 ASPE update.
In this session we will cover:
Clearline Consulting provides practitioners and their staff with the tools, training and advice they need to succeed and build thriving accounting firms. From tax compliance to estate planning, file monitoring to assisting with practice review, staff training to customized consulting solutions, our team exists to serve the needs of small to mid-sized public practice firms across Canada. Our collaborative, integrated approach means your firm has access to and support from knowledgeable practitioners who are in front of the ever-changing standards environment. Our core services include supporting firms with the implementation of the quality management standards, external file monitoring, services for accounting, assurance and taxation maters, provisions of templates and resources, practice management and risk mitigation consultations.
Assurance Partner at Clearline Consulting CPA
Tom is a Partner at Clearline Consulting and Clearline CPA, with a distinguished background in audit, assurance, and professional standards. Before establishing Clearline Consulting, he was the Associate Director of Practice Review/Licensing at the Chartered Professional Accountants of British Columbia (CPABC), overseeing the practice review and licensing programs and serving as a Practice Review Officer. His role extended to offering technical advice as a Professional Standards Advisor and contributing to CPABC’s publications. Tom continues to engage in professional development and consultancy services with the provisional CPA bodies, CPA Canada and CPA firms across Canada. With over 20+ years in audit and assurance, his career began in Ontario, gaining his accounting designation while working as an external auditor in Ottawa. His experience spans a variety of industries, including not-for-profits, and international exposure in Bermuda auditing investment funds and banking organizations. At Clearline Consulting, Tom leverages his extensive experience to offer file monitoring, professional development, training, and consulting services. His work is pivotal in aiding CPA firms and practitioners to excel and cultivate prosperous practices.
Provincial regulators of CPAs in Canada do not require that independent providers of CPD be approved to offer courses. Instead, individual CPAs are responsible for assessing whether a CPD activity meets their requirements, and may take activities from any source provided those requirements are met.
Every course offered on LearnFormula is delivered by a qualified subject matter expert or learning organization, and advances learning objectives that are relevant to the responsibilities or professional competencies of Canadian CPAs. All activities on LearnFormula are quantifiable in terms of hours, and are also verifiable, in that users receive documented evidence of their attendance via a certificate of completion after finishing a course (and this certificate is stored by LearnFormula indefinitely). Nearly 100,000 Canadian CPAs successfully satisfy their CPD requirements via LearnFormula on an annual basis.
