Description: With worldwide business interests that could be impacted by his policy choices, Donald Trump’s presidency raises a broad range of potential conflicts of interest. Some suggest it’s an ethical minefield. And, perhaps surprisingly, there is no law preventing a sitting president from maintaining all of these outside business interests while sitting in the White… Read more »
Posts Categorized: Ethics
Amaya CEO and insider trading
Description: Quebec securities market overseer AMF has uncovered an insider trading scheme at Amaya, the company which took over gambling hub Pokerstars in 2014. The insider trading dates back a number of years prior to the Pokerstars purchase. Allegedly, the insiders provided information on planned takeover deals with those making trades paying kickbacks on the… Read more »
Budget transparency?
Description: Last year, the Liberals under Justin Trudeau latched onto the transparency theme. But last week the Parliamentary Budget Office (PBO) criticized the Trudeau government for what we might call a lack of transparency. The PBO said the latest federal budget contains some unrealistic forecasts, in particular one which underestimates the level of private sector… Read more »
Those Panama Papers
Description: It was hard to miss the news this past week of the so-called Panama Papers. This vast leak of over 12 million documents has provided lots of data on potential tax avoidance for journalists to sort through, and plenty of headaches for politicians and public figures forced to account for dealing with the Panamanian… Read more »
A cautionary tale
Description: Michael Koonin is in sales. His employer, Salbro Bottle of Woodbridge, Ontario normally paid his bill for data usage on his iPad and his cellphone each month. But in February Salbro balked when Telus billed $25,000 for roaming charges. The data misadventures began when Koonin sold the iPad on eBay to someone in California. Koonin didn’t… Read more »
Shadow Flipping
Description: You may be familiar with the stories of sky-high prices on real estate in Vancouver. One of the forces behind the rise is a practice known as shadow-flipping. In a shadow-flip, an agent earns multiple commissions on the same property by arranging resales of the property before the closing date. As well, those in… Read more »
Think twice before using company email
Description: One major outcome of the Ashley Madison security failure last year was the number of public-sector email addresses implicated as users. The hack revealed users at the RCMP, the Canada Revenue Agency, the Justice Department and the armed forces were using their employers’ email service to search the Ashley Madison site. This raises questions… Read more »
Cashiers out in the cold
Description: Apparently it was cheaper for the organization running the rink where the Edmonton Oilers play hockey to fire all the parking lot cashiers rather than track down which cashiers had been stealing parking fees. Investigations this past summer caused management at Northlands to conclude that they were losing about 20% of the possible revenue… Read more »
Accounting control and the Senate
Description: In the news last week – and presumably for the next few weeks to come – it was hard to escape mention of the trial of suspended senator Mike Duffy. The media seems fixated on the trial. One thing that has emerged seems to be very wide interpretation of what expenses allowed under the… Read more »
More on the Target exit
Description: Documents requested by Target Canada’s suppliers indicate that the retailer began considering winding down in Canada early last fall. Target contacted its Canadian law firm in September to look at various “strategic options.” Target’s suppliers are upset as they believe that Target should have begun reducing orders of inventory – rather than increasing them… 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