The Chartered Professional Accountants of Canada and Natural Resources Canada have sponsored a new strategic initiative that will help companies adapt to the effects of climate change by indentifying the risks and opportunities. This multi-year initiative to help businesses and organizations better understand and adapt to the implications of climate change was announced by the Chartered Professional Accountants of Canada
Read more
AASB Decision Summary The Auditing and Assurance Standards Board (AASB) summary of decisions has been prepared for information purposes only. These decisions are tentative and reflect only the current status of discussions on projects and other matters. These might change after further deliberations by the AASB. Note: Decisions are final only after a formal voting process. These are a couple
Read more
View the video recording of the IFRS Foundation Trustees and the Canadian Accounting Standards Oversight Council (AsSOC) joint event to discuss Canada’s perspective on IFRS and global standards. The video recording is as follows: Video Time Presenter 00:00 Opening: Linda Mezon, Chair of the Canadian Accounting Standards Board 08:45 Eulogy to Harvey Goldschmid: Michel Prada, Chairman of the IFRS Foundation
Read more
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
Read more
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
Read more
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
Read more
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
Read more
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
Read more
Canadian private companies may choose to use Accounting Standards for Private Enterprises (ASPE) or IFRS for reporting. One way or the other you have to make a choice. If your company chooses ASPE over IFRS, you need to be up-to-speed on ASPE. Mike Morley will be presenting a 2-hour intensive webinar on April 24 that will ensure that you are
Read more
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
Read more