Case study: Canada

This case study provides an overview of how accounting and reporting standards are monitored and enforced in Canada, based on recent data, reports and analyses. The study comprises five sections. First, it provides an overview of Canada’s general economic environment, critical industries, growth prospects and stock markets. The framework underlying financial reporting standards and auditing is then detailed. Second, it discusses how compliance with financial reporting standards is monitored and enforced. Third, it presents a similar discussion on compliance with auditing standards. Fourth, it discusses how Canada’s accounting profession is structured, including certification, continuing education, ethics and disciplinary mechanisms. Finally, the fifth section presents a synthesis of the material presented and discusses how the different actors in the Canadian financial reporting scene interact and articulate their actions.

Related Subject(s): International Trade and Finance

Countries: Canada