Posts By: Gerry La Rocca

The changeover to IFRS is a major challenge, but it’s also an opportunity for audit firms to review their procedures

Posted by & filed under IFRS.

With 2010 weeks away, many public companies are preparing for the changeover to international financial reporting standards (IFRS). Management teams, audit committees and IFRS committees are busy ensuring the transition will be effective and efficient. And the changeover is no easy task. Its success depends on the availability of adequate tools and resources, as well… Read more »

International Financial Reporting Standards (IFRS) Background

Posted by & filed under Accounting Principles, IFRS.

Background Origins of IFRS A single set of global accounting standards has been under development for over three decades since the International Accounting Standards Committee (“IASC”) was first established in 1973. It wasn’t until 2005, with the advent of the European Commission’s requirement for public companies reporting within the European Union (“EU ”) to prepare… Read more »

It’s a Good Time to be an Accountant

Posted by & filed under Accounting Careers.

Forget the narrow notion of bean counters and number crunchers. Today’s accountants are an extremely diverse group of professionals whose specialties span an impressive range of financial acumen. And they’re finding that a well-rounded business education capped with significant expertise is making them highly marketable. “It’s certainly an exciting time to be an accountant,” says… Read more »

Hidden Money Available for “Hollywood North”

Posted by & filed under Taxation & Planning.

Film financing readily available– Lucrative tax incentives and other funding are available to help nurture film and television production in this country, according to KPMG’s global publication Film Financing and Television Programming – A Taxation Guide (Fifth Edition). (Toronto – February 25, 2010) These federal and provincial tax incentives, along with government support through loans,… Read more »