Women’s Leadership Council “I don’t think it’s too late for my generation to become leaders in the profession and in business, and I hope my daughter’s generation will simply take it for granted! Financial Consulting Chair, WLC Committee , Robin Taub Progres Made! Although some progress has been made in the last 20 years,… Read more »
Posts By: Gerry La Rocca
Corporate Responsibility
PwC’s dedication To corporate responsibility is demonstrated through the actions the public accounting firm takes at work, in the marketplace and in our community. At PwC, corporate responsibility (CR) is about integrating social, environmental and economic integrity into our values, culture, decision-making and operations in an accountable and transparent manner. Put simply, PwC aspires to be… Read more »
Gambling losses aren’t tax writeoffs, court rules
Case: A Toronto man trying to write off casino and racetrack losses against his income tax bill has gambled and lost at Canada’s Federal Court of Appeal. Giuseppe Tarascio claims that gambling is how he earns the bulk of his income. He filed tax returns for several years, claiming both his wins and losses. By… Read more »
Online trading: Who’s the cheapest discount broker?
Online Brokers: Everyone is interested in investing in stocks! Remember to be careful and do your research before investing. There is a high demand for the new facebood IPO (initial public offering) Should mention that the first factor of guessing at the future trends of an industry is something that investors generally do not do… Read more »
Unification of the profession: The New CPA Designation Certification Program
Framework to unify the Canadian accounting profession On January 17, 2012, the Canadian Institute of Chartered Accountants (CICA), the Certified Management Accountants of Canada (CMA Canada) and the Certified General Accountants of Canada (CGA-Canada) presented members with a framework to unify the Canadian accounting profession. The Unification Framework includes details of a transition to a… Read more »
Profile of a Canadian Fraudster!
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 »
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 »
RIM PlayBook sales hurt earnings targets
Inventory Write-Down: Research In Motion Ltd. will write off much of its PlayBook inventory and book a $360-million after-tax charge due to poor sales and discounting of the tablet, a move that will impact the BlackBerry maker’s financial targets. “RIM is committed to the BlackBerry PlayBook and believes the… Read more »
Flaherty calls Europe’s debt woes ‘dire’
Urgency to Reduce Debt: Finance Minister Jim Flaherty urged European leaders to find a solution to their debt crisis quickly, or risk further harm to the global economy. “This dire and pressing problem threatens not only Europe itself, but all countries,” Flaherty told a business audience at a luncheon for the Canadian Club in Toronto…. Read more »