Mega-rich like Toronto

Posted by & filed under Accounting Careers, Canadian Economy, Taxation.

Description: According to a  report released on March 5 by real estate  consultants  Knight Frank, Toronto ranks among key cities for the Mega-rich. Those with lots of money apparently see much that is attractive in Canada’s most populous city. Meanwhile, Sotheby’s International Realty Canada suggests that Toronto will continue to lead the luxury real estate… Read more »

Job quality heading south

Posted by & filed under Accounting Careers, Canadian Economy.

Description: More Canadians are becoming self-employed. And wages of those employed seem to be falling. A study by the Canadian Imperial Bank of Commerce shows rather alarming trends in measures of job quality, looking at data from a 25 year span. Source: Globe and Mail.com Date:  March 5, 2015 Link:  http://www.theglobeandmail.com/report-on-business/economy/job-quality-in-canada-sinks-to-all-time-low-cibc-index-shows/article23303996/ Discussion Points: 1) How… Read more »

Not ready for hackers

Posted by & filed under Accounting Careers, Auditing.

Description: A report released on Tuesday, February 24, by security firm FireEye showed that roughly 70 percent of companies suffering data breaches last year found out about it from someone outside the organization. Police agencies and customers, for example, may notify a company before anyone inside the organization realizes they have been hit by cyberattack…. Read more »

Protecting public assets

Posted by & filed under Accounting Careers, Canadian governments, Public Finance.

Description: On January 22, New Brunswick’s Auditor General, Kim MacPherson, released her report for 2014. Two issues which grabbed a lot of attention were the Province’s increasing public debt and NB Power’s refurbishment of the Point Lepreau nuclear generating station. Another important issue raised was the deteriorating state of the Province’s public assets, and the… Read more »

The big 80

Posted by & filed under Accounting Careers, Corporate Social Responsibility, Taxation.

Description: The charitable organization Oxfam released a report last week, adding another voice to the chorus of those raising alarm bells on rising global inequality. Oxfam’s report says that the richest 80 people in the world own as much as the 3.5 billion humans at the bottom of the economic scale. Oxfam calls for a… Read more »

A long-running dispute

Posted by & filed under Accounting Careers, Auditing.

Description: It has been dragging on for over 20 years. But now, a $220 million offer from Coopers and Lybrand, Chartered Accountants, has been put forward to take care of all claims resulting from the failure of Castor Holdings in 1992. Coopers Lybrand, which subsequently merged with Price Waterhouse, was the auditor of Castor Holdings,… Read more »

Six big predictions for 2015

Posted by & filed under Accounting Careers, Canadian Economy.

  Description: Saturday, January 3, the Report on Business cover story highlighted “Six stories to watch in 2015.” These six included discussion on oil uncertainty, housing prices, and the expectations for Canada’s banks. As a business student, you might find it useful to save this article after you read it. Then, set yourself a reminder… Read more »