Category Archives: Updates

Notice of Annual General Meeting – CPAs of Ontario

Canada appointed

Notice of Annual General Meeting – Chartered Professional Accountants of Ontario CPA Canada’s Annual General Meeting notice is as follows: Notice is hereby given that the Annual General Meeting of the Members of Chartered Professional Accountants of Ontario will be held on Thursday, September 24, 2015, commencing at 4:30 p.m., at its offices, 69 Bloor Street East, Toronto, for the

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Accounting Case Study – The Last Taboo

sunset

It’s the subject no one wants to talk about: mental health. But with one-fifth of Canadians experiencing a mental health issue, chances are you’ll encounter it. And when it starts to affect your workplace, avoiding it isn’t an option. That first audit season triggered something in David Albert Newman. Back in 2000, he recalls how his firm at the time

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Foreign-Trained Accountants Fear Fines Under Ontario Law

accounting update

Saxton, who runs Arrow Accounting and Bookkeeping on Danforth Ave., is a Chartered Institute of Management Accountants (CIMA) designation, a credential he says is internationally recognized and that takes an average of three to four years of study to earn. But now he, like other foreign-trained accountants, fears he will be penalized under a recent Ontario law. Under Bill 158, Saxton

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Small Businesses Not Using Accountants Complete Skills

Accounting, Audit and Assurance

A majority of small businesses that use outside accountants are engaging them only for specific services and support, according to the web-based survey of 472 small businesses. The business owners who use outside accountants rely on them most for accounting services (76%), bookkeeping services (49%) and tax support (46% personal; 43% business tax compliance; and 43% corporate tax). A minority

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Accounting – The CPA gender pay gap

Confusion, Women, Gesturing.

A survey of compensation among CPAs is about to be released. Have things changed since the last report and how does the profession compare with others? When Robin Taub entered the job market, she was convinced that, in her case, there would be no disparity in compensation compared to her fellow male graduates. As a vigorously recruited honours student from

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DEADLINE COMING UP! Volunteer Opportunity

Canada appointed

The AcSB is currently seeking volunteers for its new Not-for-Profit Advisory Committee. If you have an interest in accounting and reporting standards for private sector not-for-profit organizations, please submit a resumé by August 4, 2015. The AcSB goes on to say: Do you have an in-depth knowledge of accounting standards for private sector not-for-profit organizations and of their application in

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The AcSB is currently seeking volunteers

accounting update

Volunteer Opportunity – Not-for-Profit Advisory Committee The AcSB is currently seeking volunteers for its new Not-for-Profit Advisory Committee. If you have an interest in accounting and reporting standards for private sector not-for-profit organizations, please submit a resumé by August 4, 2015. The AcSB goes on to say: Do you have an in-depth knowledge of accounting standards for private sector not-for-profit

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The Biggest Fears for CFOs

survey

What are the biggest fears for Canadian CFOs? As a follow up to our article: What are your biggest fears as a CPA?, we examine the primary concerns for Canadian CFO’s in 2015. Based on the quarter’s findings in 2013, Canadian CFO’s were, in general, more optimistic than their American counterparts, which is a significant change from what was reported before. Deloitte’s Q1 CFO

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Accounting Update – New UAE Companies Law requires IFRS

accounting update

The IFRS Foundation has announced a new Commercials Companies Law. Commercials Companies Law No. 2 of 2015 came into effect in the United Arab Emirates and requires all UAE (United Arab Emirates) companies to apply the international accounting standards and practices, namely IFRS. The previous laws had only required compliance with international standards and practices, which had been interpreted as

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Accounting & Finance – Talking Brass Tacks and Bottom Lines

TORONTO, July 9, 2015 /TheGAAP.net/ – For individuals on the outside it can often feel like those in the financial world use a language all their own, with enough acronyms, formulas and jargon to make their head spin. So it’s no surprise that financial professionals have trouble trying to get across complex financial information to coworkers. In a Robert Half Finance

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