Canada

Leslie G. Campbell

Chapter 4 in International Auditing, 1985, pp 45-55 from Palgrave Macmillan

Abstract: Abstract The dominant influences on the Canadian accounting environment arise from legal and professional sources. The legal influence consists of the accounting measurement and disclosure requirements in the particular Act under which a Canadian company is incorporated. Early company legislation was closely modelled on the UK system (Anderson, 1977), reflecting the economic and political links of the nineteenth century. However, as these links weakened and Canada’s economic and business interdependence with the US increased, the nature of company legislation shifted from a UK basis to one more closely resembling that of the US. The federal nature of the Canadian political system is a significant element of the auditing and accounting environment. The federal system has important implications for the nature of the auditing profession (discussed below). Also, the federal system has resulted in differences between the accounting requirements of the various federal and provincial Acts (OECD, 1980). However, these differences have diminished in importance since the early 1970s, and now the legislation in the provinces closely follows national legislation such as the Canada Business Corporations Act and the Ontario Securities Act.

Keywords: International Audit; Accounting Profession; Audit Report; Audit Standard; Chief Financial Officer (search for similar items in EconPapers)
Date: 1985
References: Add references at CitEc
Citations:

There are no downloads for this item, see the EconPapers FAQ for hints about obtaining it.

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-1-349-07144-9_4

Ordering information: This item can be ordered from
http://www.palgrave.com/9781349071449

DOI: 10.1007/978-1-349-07144-9_4

Access Statistics for this chapter

More chapters in Palgrave Macmillan Books from Palgrave Macmillan
Bibliographic data for series maintained by Sonal Shukla () and Springer Nature Abstracting and Indexing ().