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One respondent suggested that there were already disgruntled clients unhappy with accountancy firms taking on PE investment, and that remaining independent was an opportunity for their firm. In “Choosing your accounting firm: why ownership matters” he writes: The accounting industry is currently at a crucial crossroads.
Eg, the Canadian Institute of CharteredAccountants would have to hold the qualifying event somewhere in Canada otherwise the deduction might be denied. In such cases, CRA requires that $50 per day of the conference be allocated to meals and entertainment expense. with a CCA rate of 5%.
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On June 20 of this year , CPA Ontario, the regulatory body responsible for overseeing Chartered Professional Accountants and accounting firms in Ontario, provided notice of intent to conclude its current arrangement with the national CPA Canada body. The terms of the accord are up for discussion every five years.
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