by adminaccountantcpa | Mar 23, 2021 | Audit, CRA
The Canada Revenue Agency (CRA) sends around 30,000 letters every year letting people know that they’re being audited. While this is just a fraction of the 27 million people who file their taxes, you shouldn’t assume that getting an audit notice is completely random....
by adminaccountantcpa | Apr 18, 2019 | Audit, Small Businesses
There are three types of reports that can accompany a business’s financial statements. The purpose of these reports is to assure the reader that the statements are free from material misstatements. These are An Auditor’s ReportA Review Engagement ReportA Notice...
by adminaccountantcpa | Apr 4, 2019 | Audit, CRA
Paying attention in the following areas can decrease the risk of getting an audit notice from the CRA. 1. Being Outside the Normal Range What this means is that the CRA has extensive information on the income of various businesses. So if you declare income that is...
