Monthly Archives: October 2015

In jail until at least Tuesday

Posted by & filed under Accounting Careers, Auditing, Fraud Accounting.

Description: A former Quebec lieutenant governor will remain in jail until at least Tuesday after being sentenced to 18 months in jail for fraud and breach of trust. Lise Thibault’s problems started with a 2007  report by federal and provincial auditors general that pointed out questionable expense claims of over $700,000. Thibault’s lawyer is arguing… Read more »

Just an argument between accountants?

Posted by & filed under Advanced Accounting, Auditing, Financial Reporting and Analysis.

Description: This past week the Province of New Brunswick released its financial statements, claiming that its deficit was lower than projected. The big problem though was that the Auditor General, Kim MacPherson, gave the Province a qualified audit opinion for the way it accounted for its so-called shared risk pension funds. And. in somewhat of… Read more »

A taxing situation

Posted by & filed under Personal Tax, Tax Planning.

Description: The details of the tax situation are scant. But it appears negotiations have broken down between the federal Department of Justice and giant accounting firm KPMG regarding a tax haven program KPMG marketed to at least 25 wealthy Canadians. The KPMG plan appears to have offered their clients tax haven protection in the Isle of… Read more »