Category Archives: Updates

Regulatory Compliance: How to Help Your Finance Team Stay Up to Date

The regulatory compliance environment is complex and evolving and managing it is becoming a challenge for CFO’s. The four strategies in this blog can help your accounting and finance teams keep up to date on the need-to-know changes:   Spread the word For instance: share any relevant articles, reports to your staff. Point them to any associations that offers publications

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Accounting Firms: Follow These Hot Tips for Maximum Profit in 2015

  The New Year has come and gone, which means by now, we are all back in the flow of our daily routines. It’s not too late however, to make some new resolutions that can help your firm grow by significant leaps and bounds. By taking the tips from those that analyze the market, you can maximize profits for this

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IFRS 3 – Accounting for Business Combinations

Speaker at Business Conference and Presentation. Audience at the conference hall.

With merger and acquisition activity at an all-time high, accountants have to know how to apply IFRS 3 – Business Combinations. They are expected to know the rules for integrating the acquired company’s assets, liabilities and equity, and how to assign fair values to them, advise management on the choice of options offered by this standard, include all of the

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Frauds pretending to be the Canadian Revenue Agency (CRA)

Fraudulent communications pretending to be the CRA

Important notice: Beware of fraudulent communications The Canada Revenue Agency has a security announcement stating that they are aware of scams involving email e-transfers of funds. CRA goes on to say payments are only made via: direct deposit or by cheque, they don’t use INTERAC e-transfers. While taxpayers may receive telephones, mail, text messages or emails, they could also receive

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Budget 2015 – Department of Finance – News Release

Economic action plan for the budget in 2015. Department of Finance.

The Minister of Finance:  Joe Oliver tabled Economic Action Plan 2015 In short: The deficit has been reduced from $55.6 billion at the height of the Great Recession to a projected surplus of $1.4 billion for 2015–16. Reduced the small business tax rate to 9 per cent by 2019 Provided manufacturers with a 10-year accelerated capital cost allowance to encourage

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2015 Hiring Trends – Financial Analysts & Senior Accountants In-Demand

2015 Hiring Trends - Financial Analysts & Senior Accountants

If you hail from the ranks of skilled financial analysts, senior accountants, staff accountants or payroll professionals, you are among those likely to be in strong demand next year. The just-released 2015 Salary Guide from Robert Half lists the following as the hottest jobs in 2015:   Analysts Accounting professionals who pair financial skills with business acumen are highly sought

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5 Top Regulatory Compliance Concerns in Financial Services

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One of Financial Services organizations top ongoing concerns is regulatory compliance. Managing the issues are much more difficult than identifying the issues. But recognizing the issue commonly proves far easier than successfully managing it. What’s at stake if your business is found non-compliant? Richard White, division director of Robert Half Management Resources in San Francisco speaks on how to avoid

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Volunteer Opportunity – IFRS Discussion Group

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We are asking one of our TheGAAP.net members who are IFRS experts to get involved in the IFRS Discussion Group. Participate in Canada’s contribution to international accounting standard setting. If you are interested in debating accounting standards issues arising from the application of International Financial Reporting Standards (IFRSs) in Canada, then this opportunity is for you. Requirements Group members are

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AASOC and the AASB – Appointments

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AASOC: Carol Bellringer, CPA, CA, FCA, Auditor General of British Columbia John Gordon, CPA, CA, ICD.D, CFA, KPMG Bruce Winter, FCPA, FCA AASB: Sophie Gaudreault, CPA, CA, PwC Reappointed: Fred Pries, CPA, CA, University of Guelph The Auditing and Assurance Standards Oversight Council (AASOC) is an independent, volunteer body established in 2002 by the Canadian Institute of Chartered Accountants (now

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