Canadian’s firm used in huge Russian tax scandal, plus How the Rich hide their money!

Posted by & filed under Auditing, Corporate Restructuring, Corporate Social Responsibility, Fraud Accounting, International Accounting, Taxation, Taxation & Planning, Uncategorized.

Caribbean agency helped set up offshore companies connected to $230M scam It’s a tale with the cloak-and-dagger intrigue of a Hollywood thriller: a $230-million heist, corrupt Russian police and government officials, prison beatings, a dead lawyer, Kafkaesque trials and a diplomatic spat between international superpowers. And now, for the first time, secret files obtained exclusively… Read more »

March is Fraud Prevention Month, is your business fraud savvy?

Posted by & filed under Fraud Accounting, Uncategorized.

Top 5 Fraud Prevention Tips for Businesses Raise awareness. A significant number of frauds are detected either accidentally or as a result of tip-offs. This reinforces the importance of raising fraud awareness in the workplace. Organizations should emphasize that it is everyone’s responsibility to find and report fraud. Find the red flags. Fraud cannot be… Read more »

Facebook IPO Filing Reveals Its Stunning Size: A Private Jet, $1 Billion In Profits

Posted by & filed under Auditing, Corporate Restructuring, Financial Accounting, Financial Reporting and Analysis, Financial Statement Analysis, Uncategorized.

How BIG is Facebook? We knew Facebook was big : you don’t get to 800 million users without making a few bucks — but until today, we didn’t know just how big. Facebook filed papers for an initial public offering on Wednesday, pulling back the curtains on the inner workings of the world’s largest social networking… Read more »

Online trading: Who’s the cheapest discount broker?

Posted by & filed under Financial Reporting and Analysis, Uncategorized.

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

Posted by & filed under Financial Accounting, Uncategorized.

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!

Posted by & filed under Fraud Accounting, Uncategorized.

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

Posted by & filed under Auditing, Fraud Accounting, Uncategorized.

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 »

Students Protest: Hike in University Fees!

Posted by & filed under All Articles, Uncategorized.

Quebec students proved they are serious about fighting tuition fee increases as thousands  skipped classes and marched through the streets of downtown Montreal on Thursday to demonstrate their opposition. For Martine Desjardins, president of the Federation Etudiante Universitaire du Quebec, the boycott was a success — both because of the number of students who rallied… Read more »

The India Opportunity

Posted by & filed under Accounting Careers, Uncategorized.

India, one of the world’s largest economies, has become one of the most critical markets for global Diversified Industrial companies.  Fast Facts • India is the world’s largest democracy and the 12th largest economy in the world. • Among BRIC (Brazil, Russia, India and China), countries, India is expected to deliver the highest growth rates… Read more »