Review their current will. Take a hard look at their personal finances. Plan longer vacations. Work with a personal trainer or at least walk more. Downsize their home. Manage the affairs/care of an aging parent. Attend graduation of and or marry off their youngest child. Re-purpose the extra bedroom. Investigate locations for a winter home. Do you know an Owner
Read more
TheGAAP.net and TFN presented Business Transitions sponsored by Jeffrey Gregory. Compilation by Solvia Lo. The GAAP.net & TFN delivered another fun and educational event on June 26 at the beautiful Weston Golf and Country Club. Speaker Eric Gilboord kept us engaged telling us stories about Business Transition. It was very informative and entertaining at the same time. Check out his
Read more
The Board discussed Auditor Reporting and Identifying and Assessing the Risks of Material Misstatement. As reported by The Standard. Also discussed was the approach to input on the AcSB’s Draft Framework for Performance Measures and survey on the IAASB’s future strategy. Read now! Visit TheGAAP.net daily to be kept up to date on accounting information, trends and changes. For
Read more
Some food for thought before handing your business over to a next generation family member. I remember meeting the Owners of a small business. He had worked hard and the company had provided his family with a comfortable life. There were 3 sons. One worked occasionally in the business, wasn’t suited to take over and never really did much
Read more
The AASB unanimously approved an exposure draft of a proposed new standard on compilation engagements to replace Section 9200, Compilation Engagements. Set to be issued September 4, 2018, comments will be due November 30, 2018. As reported by The Standard. To support you in providing feedback, we are doing extensive outreach and will be issuing numerous plain language resources. Stay
Read more
Review of the Economist Special Report on Artificial Intelligence: Written by William Petryk This is a review for anyone in management to let them know why reading the April 6th edition of The Economist is a good idea. This is the issue that includes a special report on “Artificial Intelligence in the Workplace”. It should be read by anyone who
Read more
TheGAAP.net Presents: Post 9 – 5 Lifestyling Sponsored by: Jeffrey Gregory Of Desjardins Financial Security Investments Inc. Free Raffle Prize: Google Home mini Join us on July 31st. Everyone looks forward to the last day of work. The Post 9 to 5. A chance to enjoy life and strike things off of bucket lists. However, few people have truly thought
Read more
Reviewing our approach to oversight, listening carefully to our stakeholders, and overseeing and supporting the work of the AcSB and PSAB – we served the public interest through more efficient standard-setting oversight. As reported by The Standard. Read more about our 2017-2018 activities in our Annual Report. Read now!
Read more
Are you running out of runway? Feeling tired and not prepared to do any more work on the business? Maybe you waited too long to sell and the end is still not in sight. The kids are now older and not interested in running the company. Employees are not prepared to buy or run the business. You may have had
Read more
My son and I got into a conversation about Trump the other day. And of course the inevitable what do we do here in Canada about our own leadership. As we talked I realized that our discussion was less about the specifics and more about our own generational concerns and how the implications would affect us personally. So with that
Read more