Author Archives: Paul Calleri

PSAB’s Chair, Rod Monette, highlights discussions held at the Board’s March 2016 meeting and other topics.

Our March meeting saw many projects and initiatives move forward. As reported by The Standard. Use of Public Sector Financial Statements by Credit Rating Agencies We received a presentation from Standard & Poor’s Ratings Services about the credit ratings process and how they use the financial statements of public sector entities. Our Strategic Plan Our draft 2017-2020 strategic plan was

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Public Sector Accounting Board Seeks New Leader

Canada’s Public Sector Accounting Board (PSAB) is seeking a new Chair. PSAB establishes the accounting standards and other guidance for Canada’s public sector, published in the CPA Canada Public Sector Accounting Handbook. As the Chair, you will lead the strategic direction of PSAB. A visible and experienced member of the public sector accounting community, you will have the contacts and

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Annual Membership Dues & Continuing Professional Development

Each year, CPAs are required to remit Annual Membership Dues (AMD) and submit a Continuing Professional Development (CPD) declaration to remain in good standing with the Chartered Professional Accountants of Ontario (CPA Ontario) and the Chartered Professional Accountants of Canada (CPA Canada). Members received email notification to pay AMD and submit a CPD declaration the week of April 25. The

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Planning communications – a straightforward approach

Business in Canada has a treasure trove of communication tools unlike any period in the past. Yet, effective communication within the business continues to be a struggle. The most successful companies communicate well – unsuccessful ones don’t. Communication planning does not need to be a grand, resource-consuming initiative. The key is to step back and assess the situation…then make a

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A World of Change

Canada’s Financial Services industry is often touted for its stability. But the very qualities that have created steady profitability and made the industry the envy of the world — regulation, prudence, caution, tradition — can no longer protect it from a tsunami of change. Regulators are trying to level the playing field, with the introduction of CRM 2; independent firms are

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Survey Reveals Biggest Challenge for New Managers

May 19, 2016 First-Time Managers Struggle Most With Balancing Own Job Duties While Overseeing Others Toronto, ON – New managers face a number of challenges, but which is the most daunting? According to Canadian CFOs interviewed for a Robert Half Management Resources survey, the most difficult part of becoming a manager is balancing individual responsibilities with time spent overseeing staff.

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Media Release – Public Sector Accounting Board Seeks New Leader

, ON May 16, 2016 – Canada’s Public Sector Accounting Board (PSAB) is seeking a new Chair. PSAB establishes the accounting standards and other guidance for Canada’s public sector, published in the CPA Canada Public Sector Accounting Handbook. As the Chair, you will lead the strategic direction of PSAB. A visible and experienced member of the public sector accounting community,

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Accounting Standards Board: Agenda for May 18, 2016 Meeting

The topics the Accounting Standards Board (AcSB) plans to discuss, in addition to routine updates, and anticipated actions, if any, are outlined below. Although current at the date prepared (May 3, 2016), this agenda is subject to change. As reported by “The Standard”. International Financial Reporting Standards Pensions Research Discuss the staff’s research into the type of pension plans used

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Auditing and Assurance Standards Board Decision Summary

April 27, 2016 Update This summary of decisions of the Auditing and Assurance Standards Board (AASB) has been prepared for information purposes only. Decisions reported are tentative and reflect only the current status of discussions on projects and other matters, which might change after further deliberations by the AASB. Decisions to publish exposure draft and Handbook material are final only

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