Description: November was a bad month for Canadian employment with Canada losing over 70,000 jobs, while our neighbour to the south added over a quarter million. For Canada, this was our worst result in ten years. Financial Post Columnist Jack Mintz offers “that propping up consumer demand by running deficits and distributive tax policies is not the answer to improving our stagnant growth”
Date: December 12, 2019
1) What do you think of Professor Mintz’s opinions on what is wrong with the Canadian economy?
2) Have you been keeping up with news of trends in our economy this term? If so, how do you accomplish this?
3) Wiley’s Auditing: A Practical Approach, talks about the importance of \understanding the client’s business as part of the planning process (see chapter 3. How would an auditor take into account these type of broad economic issues like employment increases or decreases in identifying areas of risk for an audit?