A KPMG Canada survey report: KPMG’s Forensic division of Advisory Services, prepared a report that surveyed executives of Canada’s largest companies on the topic of people who had defrauded their company. The report explores who commits fraud, how the fraud is carried out, and what factors lead someone to commit fraud. KPMG Forensic recently published Profile… Read more »
Monthly Archives: January 2012
Nortel accounting made auditors `uncomfortable,’ witness says
The first witness in the fraud trial of three former Nortel Networks executives says external auditors were “uncomfortable” with some of the company’s accounting practices. The witness, Brian Harrison, Nortel’s former director of financial planning and analysis, says he had “very little” contact with auditors in his role.But Harrison says that in one rare meeting… Read more »
Inconclusive evidence : IFRS one year later
What, if any, are the potential economic consequences or benefits of the Canadian IFRS adoption? As the activities of preparing and auditing the first set of complete annual reports using international financial reporting standards (IFRS) are in full swing, it is easy to identify some costs of transitioning from Canadian GAAP to IFRS. So it… Read more »