Description: When you think of Manulife Financial Corp, you probably think of life insurance. But you may be surprised to learn that the company has diverse investments ranging from timber to renewable energy to macadamia nuts. A broader range of investments helps the company compete in the wealth management business while offering growth potential. Source:… Read more »
Posts Categorized: Auditing
Concerns raised on car loans
Description: Auto and finance industry executives are voicing misgivings over the move towards long-term car loans of seven or eight years. The big fear: car owners will start returning vehicles prior to the expiry of the loans, creating a dilemma when they try to finance a new vehicle while the original car loan exceeds the… Read more »
And speaking of corruption . . .
Description: Canadian companies have been lobbying the federal government to delay implementing its new anti-corruption rules. Public Works and Government Services Canada has been threatening to de-list suppliers – including major names such as HP and Siemens – for up to 10 years because of convictions for corruption in foreign countries. Public Works points out… Read more »
Kia, Hyundai pay $100 million fine
Description: It’s a tad more than your average traffic ticket. Automakers Hyundai and Kia (which are both controlled by Hyundai) paid $100 million in fines for over-stating gas mileage figures on automobile window stickers. The overstatements were detected by the US Environmental Protection Agency in its audits of audit company test results. In addition to the… Read more »
Canadian companies; US politics
Description: Following a 2010 US Supreme Court decision, Canadian companies have joined with their US counterparts, directing funds towards lobbying and political financing. Large organizations such as Power Corp, RBC, Encana and Barrick Gold have entered the field. The Shareholders Association for Research & Education (SHARE) has raised some serious questions of accountability regarding this political… Read more »
Are Insurers Prepared?
Description: The Ceres’s Insurer Climate Risk Disclosure Survey has shown that insurers are not properly prepared for the risks and opportunities that accompany climate change. Storm frequency and intensity is on the upswing. But the survey, covering over 300 companies and roughly 90% of the insurance premiums in the United States, shows that many insurers are not… Read more »
Benevolent cheating?
Description: It sounds like an oxymoron: benevolent cheating. The Globe and Mail’s Leadership Lab series discussed this intriguing concept, a form of cheating in which “well-intentioned employees” game the system. Its effects are far greater than the more sensational greed-based cheating that is more likely to draw the headlines. Source: Globe and Mail.com Date: October… Read more »
Listening to the AG
Description: One thing that emerged from reflection following the tragedy on Parliament Hill was an observation that the Auditor General of Canada had recommended changes to Parliamentary security in a 2012 report. The Auditor General had recommended one united security force for Parliament, but this, and other, recommendations had not been implemented yet. In… Read more »
Battle turns messy
Description: Divorce can be complicated enough. But throw in major business interests involving both partners and divorce can expand to include major issues of corporate governance, strategy, and costing. These issues have come to the fore in Ottawa recently, where Brian McGarry wants his ex-wife Sharon McGarry removed from the board of Wakefield Crematorium, alleging… Read more »
Should we be recounting?
Description: The recent New Brunswick election not only produced a new government; it also produced a rather intriguing situation when the vote counting machines malfunctioned, causing concerns about the process. Elections NB blamed the problem on a software malfunction. Meanwhile, a number of political officials have been calling for hand counts of the ballots. Source:… Read more »
Burnley Understanding Financial Accounting, 3rd Canadian Edition
Kimmel Financial Accounting, 8th Canadian Edition
Weygandt Accounting Principles, 9th Canadian Edition
Kimmel Survey of Accounting, 2nd Edition
Kieso Intermediate Accounting, 13th Canadian Edition
Weygandt Managerial Accounting, 6th Canadian Edition
Farmer Cost Accounting, 1st Edition
Savage Accounting Information Systems, 1st Edition