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Ontario’s CPAs can bring nuanced thinking and appropriate solutions to the pandemic-related issues that create challenges for the province’s business landscape and economy. You are equipped with unique skills that enable you to guide clients through the unprecedented turmoil caused by the pandemic and prepare for the “next normal.” You play an integral role in the economic recovery of our province.

CPA Ontario will continue to support you, while remaining steadfast in our commitment to protect the public interest. Our COVID-19: Resource Guide provides up to date and relevant information that addresses the global situation and the impact to the profession. Bookmark this page and check-in frequently for new updates.

COVID-19 RESOURCE TOPICS

WORKFORCE RESILIENCE

Helping employees remain remote
Mercer & McLennan, September 2020

Returning to work: Prioritizing mental health
Journal of Accountancy, September 11, 2020

Back to school September 2020: What does it have in store for employers?
Mondaq, August 29, 2020

Setting up work-life balance for employees during COVID-19
Intuit, August 21, 2020

Nineteen for COVID-19: essential insights for better resilience to a second wave
EY Global, August 20, 2020

Performance improvement can mean the difference between growth and stagnation
EY, August 19, 2020

The Canadian Mental Health Association offers practical advice, articles and information to help you navigate through the pandemic
Canadian Mental Health Association

WORKFORCE RECOVERY

COVID-19 In Canada: Competitor collaborations, pricing, mergers and foreign investment during (and after) the pandemic
Mondaq, September 18, 2020

Think Small and Aim High event series designed to support small businesses
Canada Post Canada, September 17, 2020

5 Minutes for Business: A severe recession and uneven recovery
Canadian Business Resilience Network, September 17, 2020

Five Lessons from the Pandemic that will Shape Ontario’s Economy
CPA Ontario, September 14, 2020

Business continuity planning during COVID-19: What to do if you have no plan or if your plan isn’t working
BMS Canada Risk Services Ltd.

Rebounding from COVID-19: MENA perspectives on resilience in manufacturing and supply systems
World Economic Forum, August 31, 2020

Business continuity in a crisis: COVID-19 challenges
CPA Canada

FINANCIAL REPORTING

Assessing potential COVID-19 impacts on financial statements: Questions and considerations under ASNPO
CPA Canada, September 18, 2020

ASPE accounting considerations related to COVID-19
Deloitte, September 8, 2020

AcSB articles on the implications of COVID-19 relating to IFRS, ASPE and Not-for-Profit Organizations’ accounting standards
AcSB, July 28, 2020

Key IFRS accounting considerations in preparing financial statements during COVID-19
Deloitte, June 16, 2020

Summary of COVID-19 financial reporting considerations and available resources
IFAC, June 3, 2020

Questions to ask under ASPE when assessing potential COVID-19 impacts on financial statements
CPA Canada, June 2020

Implications of COVID-19 on the annual financial statements of private enterprises
CPA Canada, March 2020 

TAX AND OTHER RELIEF MEASURES

Application deadlines for Canada Emergency Business Account (CEBA) and Business Credit Availability Program (BCAP) extended
Government of Canada, August 31, 2020

Additional T4 reporting requirements for COVID-19 benefit payments
Government of Canada, August 26, 2020

CEBA FAQs updated with additional questions related to new primary institution, non-arm's length and depreciation
Government of Canada, August 22, 2020

Proposed changes to EI and new income support benefits
Government of Canada, August 20, 2020

Important changes to tax-filings and benefits
Canada Revenue Agency, August 20, 2020

CPA Canada updates, webinar and resources on the federal government’s COVID-19 relief measures
CPA Canada, August 20, 2020

Canada Emergency Wage Subsidy Calculator
Canada Revenue Agency, August 14, 2020

AUDIT AND REGULATORY

Applying the IESBA Code’s Conceptual Framework in COVID-19 circumstances: scenarios in taxation and valuation services
International Ethics Standards Board for Accountants, July 31, 2020

The effects of COVID-19 on your client, their internal controls and the audit
CPA Canada, July 20, 2020

Latest alerts on interim reporting, accounting estimates, auditor reporting, subsequent events, going concern and audit considerations during the COVID-19 pandemic
The International Auditing and Assurance Standards Board, July 2020

Summary of COVID-19 audit considerations and available resources
IFAC, June 3, 2020

COVID-19 Q&As highlighting ethics and independence considerations for professional accountants
International Ethics Standards Board for Accountants, May 8, 2020

CSA and OSC’s COVID-19 updates relating to relief from regulatory filings and filing delays
The Canadian Securities Administrators and Ontario Securities Commission

COVID-19 audit considerations and insights
Canadian Public Accountability Board

CORPORATE GOVERNANCE

Operating in the post-pandemic world: Resources for not-for-profits
CPA Canada, September 2020

Corporate governance in COVID-19: Cybersecurity and technology considerations
Journal of Accountancy, September 18, 2020

Investor Leadership: Retooling for a Resilient Future
World Economic Forum, September 17, 2020

Global audit committee survey – Internal audit: Soaring through turbulent times
Deloitte, September 15, 2020

Cloud services – Guidance for managing cybersecurity risks
Borden Ladner Gervais LLP, August 19, 2020

Going viral: Heightened cyber and corporate crime risks in the COVID-19 pandemic
Norton Rose Fulbright Canada LLP, July 15, 2020

Six recommendations for audit committees operating in the "new normal"
IFAC & Institute of Internal Auditors, July 8, 2020

COVID-19 implications for audit committees
IFAC & Institute of Internal Auditors, May 26, 2020

PRACTICE MANAGEMENT

Ontario supporting renters and small businesses in COVID-19 Recovery
Government of Ontario, September 17, 2020

Foundation and intentionality in how we move and operate in the age of COVID-19
Intuit Accountants, September 17, 2020

Not so fast Ontario employers: Ford government extends the COVID-19 period to the 2021 new year
Norton Rose Fulbright, September 9, 2020

Keeping track of employees from a distance: Monitoring technologies and related legal considerations for teleworking
Norton Rose Fulbright Canada LLP, September 4, 2020

Deemed Infectious Disease Emergency Leave extended to 2021
Blakes, Cassels & Graydon LLP, September 4, 2020

Video interview tips for forensic accountants and auditors
Journal of Accountancy, August 21, 2020

How to maintain employee development during the pandemic
Canadian Accountant, August 19, 2020

COMPLIMENTARY CPD RELATED TO COVID-19

Additional complimentary webinars and podcasts

In addition to these resources, the Professional Advisory Services team offers thoughtful, objective and timely feedback that can help you navigate this unprecedented climate. Consultations are strictly confidential and informal, and they are available whether you are working in the industry, in public practice, retired or volunteering. Reach an advisor by email: memberadvisory@cpaontario.ca; or phone: 416 204.3106 or 1 800 387.0735x4456.

DISCLAIMER:

Certain links on this Site take you to other websites, resources or tools maintained by third parties over whom CPA Ontario has no control. CPA Ontario provides these links only as a convenience and is not responsible for the contents of any linked website. CPA Ontario makes no representations or warranties regarding, and does not endorse, any linked website, the contents thereof, the information appearing thereon or any of the products or services described thereon. Links do not imply that CPA Ontario sponsors, endorses or is affiliated or associated with the entity that owns or is responsible for any linked website. If you decide to visit any linked websites, you will do so at your own risk. CPA Ontario bears no responsibility whatsoever for the content, accuracy or security of any websites that are linked (by way of hyperlink or otherwise).

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