AG Trades Places

Posted by & filed under Accounting Careers, Auditing.

Description: New Brunswick’s Auditor General, Kim Adair-MacPherson, has been announced as the next auditor general of Nova Scotia. She will be Nova Scotia’s first female auditor general when she takes over her new post on May 3. Ms. Adair-MacPherson fills a vacancy created when former Nova Scotia Auditor General Michael Pickup left to become Auditor… Read more »

See You in Court?

Posted by & filed under Advanced Accounting, Auditing.

Description: Last week this blog raised the matter of how the Auditor General of New Brunswick has been denied access to a government-created investment firm called Vestcor. This week, well-known accounting scholar, Dr. Steven Salterio, the Stephen J.R. Smith Chair of Accounting and Auditing at Queen’s University in Kingston, Ontario, weighed in on the issue. Dr…. Read more »

Fixing the Independence Issue

Posted by & filed under Auditing.

Description: A CBC report this past week highlighted a flaw in the system of appointments for auditors general in the province of New Brunswick. Since the Office of the Auditor General was restored in the 1960s, four of the seven auditors general went directly to the auditor’s chair from the comptroller’s position. This creates problems… Read more »

December Brings Job Losses

Posted by & filed under Auditing, Student life.

Description: Canada’s economy lost over 60,000 jobs in December. This was the first drop in employment Canada experienced since April, a month when the early days of the Covid crisis hit especially hard. The service sector – not surprisingly given the various public health restrictions – took the largest hit. Date:  January 8, 2021 Source: … Read more »

Plastics in the Pyrenees

Posted by & filed under Auditing, Sustainable Development.

Description: You may not have heard of micro plastics. These tiny bits – less than a fifth of an inch long – float around in the air of our major cities, cast off from the ubiquitous plastic we see daily. In an effort to find out how far these particles might drift, researchers visited snow… Read more »

More money for OAGNB

Posted by & filed under Accounting Careers, Auditing.

Description:    The Canadian Taxpayers Federation usually is not in the habit of praising a government for spending more money. This past week, however, the Federation did react positively to the news that the Office of the Auditor General of New Brunswick would be receiving an extra $1 million in its budget for 2019-20. This… Read more »

Do you like chocolate?

Posted by & filed under Auditing.

Description:  Do you like chocolate? Well a lot of the world sure does. There’s a bit of a crisis in the cocoa world these days though, according to Bloomberg. One of the big suppliers, Saf-Cacao of Ivory Coast, has become part of a total of 32 exporters who have defaulted on their supply agreements. KPMG… Read more »

Fraud charges in Antigonish

Posted by & filed under Auditing.

Description:  In Nova Scotia, the RCMP have now laid charges against James Edward Marlow, for allegedly misappropriating at least $243,000 from the Coady Institute. The Coady Institute, on the campus of St. Francis Xavier University in Antigonish, is known for its work in training for international development efforts. The fraud was detected by an auditor… Read more »

Fighting Corruption

Posted by & filed under Auditing, Corporate Governance.

Description: December 9 was International Anti-Corruption Day. The United Nations website tells us that each year $1 trillion is paid in bribes around the globe while thieves make off with $2.6 trillion stolen through various corrupt methods. These figures far outstrip the amount of development aid targeted to nations. Date: December 9, 2017 Source: un.org… Read more »

Dropped calls, Pheonix falls

Posted by & filed under Auditing.

Description: Well, that’s one way to handle your backlog of calls: simply drop them. This past week the Auditor General of Canada reported his Office’s findings regarding the poor job that the Canada Revenue Agency does in handling calls from Canadian citizens. In addition, the report said that there is no quick fix in sight… Read more »