Determine your reporting entity status and navigate FINTRAC obligations with a practical framework for small firms. Learn to integrate AML into your quality management system to reduce risk.
In the rapidly evolving regulatory landscape, Canadian accounting firms face increasing scrutiny regarding Anti-Money Laundering (AML) compliance. This course, AML Compliance for Small CPA Firms, provides essential guidance for practitioners navigating the complexities of FINTRAC requirements and professional standards. Led by Bridget Noonan, Partner at Clearline CPA, this session addresses the recent surge in sector-wide compliance outreach and defines the specific obligations placed on small to mid-sized firms.
Many practitioners may unknowingly be classified as "Reporting Entities" due to common services such as bill payments, trust transfers, or "CFO for hire" arrangements. This course demystifies the legislation, distinguishing between providing professional advice and giving instructions, to help you accurately assess your firm's risk profile. From handling attestation reports to establishing a compliance regime, you will gain practical insights into protecting your firm and meeting professional obligations.
Key Learning Outcomes:
Whether your firm acts as a Reporting Entity or actively seeks to maintain Non-Reporting status, this course offers the necessary tools to document your assessment, implement required policies, and ensure compliance with both federal legislation and provincial Codes of Professional Conduct.
Clearline Consulting provides practitioners and their staff with the tools, training and advice they need to succeed and build thriving accounting firms. From tax compliance to estate planning, file monitoring to assisting with practice review, staff training to customized consulting solutions, our team exists to serve the needs of small to mid-sized public practice firms across Canada. Our collaborative, integrated approach means your firm has access to and support from knowledgeable practitioners who are in front of the ever-changing standards environment. Our core services include supporting firms with the implementation of the quality management standards, external file monitoring, services for accounting, assurance and taxation maters, provisions of templates and resources, practice management and risk mitigation consultations.
Assurance Partner at Clearline Consulting CPA
Bridget is a Partner at Clearline Consulting and Clearline CPA, boasting over 25 years of experience in the accounting industry, specializing in accounting, assurance, training, and facilitating professional development. Her career began at a mid-size accounting firm, where she was a lead in the audit and assurance practice for 12 years, also managing internal training and firm template development. Bridget has also contributed to the accounting and assurance education field through facilitation roles with the British Columbia Institute of Technology and the Chartered Professional Accountants professional development programs. Transitioning from public practice, Bridget served as a professional standards advisor at CPABC, supporting practitioners with professional standards, regulatory requirements, and navigating legal and ethical issues. Her contributions extended to serving on various national task forces and committees, showcasing her dedication to advancing the profession. Identifying a gap in the market, Bridget co-founded Clearline Consulting. For over ten years, she has been instrumental in guiding practitioners across Canada. Her work involves monitoring, consulting services, and facilitating professional development courses, significantly impacting small and mid-size firms. Bridget’s extensive involvement with CPA Canada task forces, committees, and ongoing relationships with provincial CPA bodies highlights her commitment to enhancing the CPA profession. She continues to empower CPA firms and practitioners with essential skills in technical competencies, professional development, regulatory compliance, and practice management.
