A Review Of The General Rules And What To Look Out For With Potential Criminal Investigations
Introduction This paper is addressed to practitioners, mostly accountants, who have watched the change in the Canada Revenue Agency’s (“CRA”) approach to audits in the last few years. A senior CRA official described this new approach to me as being similar to the difference between a review engagement and an audit engagement for the preparation of corporate financial statements. This likely means that the CRA is going to continue to ask for more and more information from taxpayers as part of the audit process and audits will continue to take up more accounting practice time.
- - J. Andre Rachert
The above article provides general commentary of an educational nature. It does not constitute advice for any specific person or any specific set of circumstances. Because circumstances vary, readers should consult professional advisers in order to obtain advice that is applicable to their specific circumstances.
