Posts By: Brent White

Messy Breakup for Accountants?

Posted by & filed under Accounting Careers, Corporate Governance.

Description: It sounds like a bit of a messy breakup for Canada’s professional accountants. In June, the provincial bodies for Chartered Professional Accountants in both Ontario and Quebec informed the national umbrella organization, CPA Canada, that they were triggering the withdrawal mechanism that would see them leave in 18 months. Meanwhile though, six former chairs… Read more »

Twenty-Year Coding Error

Posted by & filed under Accounting Careers, Internal control.

Description: Injured workers in Ontario may have been surprised this week when the Workplace Safety and Insurance Board (WSIB) announced that more than 100,000 workers would be receiving payments to make up for being “shortchanged” over the last twenty years. These payments will total approximately $42 million. The situation can be attributed to a coding… Read more »

Square Problem

Posted by & filed under Data security, Financial Accounting.

Description: Payment processing company Square was facing problems on Thursday and Friday as customers were unable to access their accounts. Square has been a popular innovation for small vendors who use it to process payments from customers. The system outages also impacted Cash App, an application that is not available in Canada. Date:  September 8,… Read more »

Rat Infested?

Posted by & filed under Accounting Careers, Accounting Principles.

Description: Rat infested: It’s a headline that kind of gets your attention eh! When it comes to a description of our Prime Minister’s official residence, it’s a sad summary statement on the state of a public building. Justin Trudeau has not occupied 24 Sussex, his childhood home, since he was elected in 2015. And his… Read more »

Not Much to Hear

Posted by & filed under Auditing.

Description: Last week this blog spoke of how New Brunswick’s auditor general, Paul Martin, was about to face questions from a legislative committee on why so many staff (over one-third) have been leaving his office since the start of this year. But for Mr. Martin, it does not appear to have been all that much… Read more »

Auditing the Auditor?

Posted by & filed under Auditing, Ethics.

Description: If you are an auditor general, you’re probably used to being the one asking the questions. Auditors general in Canada are generally highly esteemed in the public and the press, and rarely have to face scrutiny of their own. But on September 7 the Auditor General of New Brunswick may face challenging questions from… Read more »

Back to University Challenges

Posted by & filed under Internal control, Student life.

Description: Welcome back to another season of wileyaccountingupdates.ca. New and returning students are arriving on campuses across Canada as another academic year gets started. Of course, there is a certain excitement in the air as classes and other on campus activities start up. Fresh friendships bloom and older ones are brought back after a summer… Read more »

Back to the Office Push-back

Posted by & filed under Accounting Careers.

Description: Canadian banks have been making it clear that it is now time for employees to head back to the office for at least three or four days a week. The hybrid or remote working arrangements that exploded in the pandemic may be coming to an end. But “not so fast,” say office workers. Linda… Read more »