Accounting s Changing Landscape Keynote Address
|
|
|
- Georgia Cox
- 5 years ago
- Views:
Transcription
1 Accounting s Changing Landscape Keynote Address Arn van Iersel, FCGA
2 The Origins of Accounting The world s other oldest profession? Babylonian Accounting Records 4,500 B.C. Code of Hammurabi 2250 B.C. Fra Luca Pacioli double entry bookkeeping 1494 A.D. We have had a long time to get it right or have we?
3 What if Accountants did not Exist? One of the ways to judge the value of something is to ask: What would be the consequences of it no longer being there?
4 What If the Accounting Profession Did not Exist? Some might say Good To be a little more fair, we would lose amongst others: Ability to compare, in dollar terms, the relative lti value of a country, a business, or an individual Ability to judge in a monetary way the progress being made over time. The agreed standards by how we measure financial wealth and performance The strength of accounting however is also one of its weaknesses i.e. Money in itself is not a perfect measure!
5 My Unbiased Conclusion Accounting and the accounting profession is far from perfect but it is better than the alternative of it not being there. This does mean however that we have to collectively strive to improve the profession and its practices. A particular challenge is going beyond the financials!
6 We are not wimpy!
7 Accountants Significant Contributions Double Entry bookkeeping Professional Standards e.g. GAAP and GAAS Code of Professional Conduct Performance Measurement Framework Management Discussion and Analysis Independent Assessment e.g. audit Opinions Improved organizational governance e.g. Board and Audit Committee requirements (Sarbanes Oxley and Canadian Securities Administrators)
8 Accountants Public Sector Contributions Public Sector Accounting Standards (PSAB) Full accrual versus cash accounting Capitalization of Assets Accrual Budgeting Focus on net Debt Management Disclosure and Analysis Recommended standards for measuring performance e.g. Debt to GDP
9 BC Public Sector Accounting Highlights Comptroller General created in early 1900 s Creation of Auditor General mid 1970s Modified accrual accounting early 1980s One Enterprise Accounting system late 1990s Capitalization of Assets early 2,000s Accrual budgeting early 2,000s Move to one accounting standard (PSAB) for noncommercial organizations 2011
10 Some Challenges Along the Way Complexity of accounting standards and financial statements Money as an incomplete measure World Com, Enron, Nortel, Tyco, etc Multiple l Accounting standards d and varied id accounting practices around the world (FASB, PSAB, IFRS etc) Multiple accounting bodies (CGA, CA, CMA, CPA etc) Continuous change Public Confidence and trust
11 Speaking of Confidence and Trust Ipsos Reid poll December 2006 of most trusted occupations (rated Extremely Trustworthy or Trustworthy ) Firefighters 93 Doctors 80% Accountants 54% Lawyers 25%
12 The wrong view of Accountants
13 Where to from here? Better explanations /interpretation/simplification of the financial i statements, what they mean, business/government implications, etc. Going beyond the numbers e.g. triple bottom line (Financial, Social and Environmental) Further consolidation of accounting standards and professional bodies. Becoming the number one trusted advisor in the boardroom and in the eyes of the public.
14 What is Your Role? Speak to the need to move beyond the numbers Challenge what you see in the profession Be an educator if you cannot explain in one pg page something is wrong. Provide solutions not problems Maintain a healthy professional scepticism Focus on the value added e.g. how the profession will play its part in sustainability Continuous improvement Transparency and accountability Take the long view the next 20 years not just short term results
15 One approach to moving the agenda
16 Moving ahead Some interesting work is already underway: Global Reporting Initiative sustainability reporting framework. Formation of International Integrated Reporting Committeeintegrating sustainability reporting with traditional financial reporting. Be the change that you wish to see in the world. (Mahatma Ghandi) We want accountants at the forefront not on the side lines.
17 Where not to end up!!!!
18 Comments and Questions Thank YOU!!! I would be pleased to now take any remaining comments and questions.
19 Contacts Arn van Iersel, FCGA Phone: Home Cell E mail: avaniersel@shaw.ca
Report of the Independent Auditor on the 2017 Summarized Financial Statements
Report of the Independent Auditor on the 2017 Summarized Financial Statements To the Members of Chartered Professional Accountants of Ontario The accompanying summarized financial statements of Chartered
Nature of Business and Accounting
Nature of Business and Accounting A business is an organization in which basic resources (inputs), such as materials and labor, are assembled and processed to provide goods or services (outputs) to customers.
The Importance of Accounting to the Crown Balance Sheet. The Treasury
The Importance of Accounting to the Crown Balance Sheet Part 1: The International Story Fra Luca Pacioli The father of accounting Expense or Asset? The first accounting principle? Unrealised profit should
Chapter 01 - Introducing Accounting in Business. Chapter Outline
I. Importance of Accounting Accounting is an information and measurement system that identifies, records and communicates relevant, reliable, and comparable information about an organization s business
PlanRight. Advisors focused on your employees financial health THE MANUFACTURERS LIFE INSURANCE COMPANY
PlanRight Advisors focused on your employees financial health THE MANUFACTURERS LIFE INSURANCE COMPANY When it comes to saving and investing for the future, Canadians are looking for help. Research from
Copyright 2017 McGraw-Hill Education. All rights reserved. No reproduction or distribution without the prior written consent of McGraw-Hill Education.
1-1 Accounting What the Numbers Mean CHAPTER 1: Accounting Present and Past Marshall, McManus, and Viele 11th Edition 1-2 Learning Objectives After studying this chapter you should understand and be able
CHAPTER 8: Accounting
CHAPTER 8: Accounting DECISION MAKING BY THE NUMBERS 1 LOOKING AHEAD What is accounting? How is accounting information used? What are career opportunities in accounting? What are the goals of generally
> > > > > > > > Chapter 16. Understanding Accounting and Financial Statements
> > > > > > > > Chapter 16 Understanding Accounting and Financial Statements 1 2 3 Explain the functions and importance of accounting, and identify the three basic activities involving accounting. Describe
CHAPTER1. Accounting in Action. PreviewofCHAPTER1. What is Accounting?
CHAPTER1 Accounting in Action 1-1 1-2 PreviewofCHAPTER1 What is Accounting? Purpose of accounting is to: 1. identify, record, and communicate the economic events of an 2. organization to 3. interested
The Role of Accountants and Accounting Information
Slide 1 BA-101 Introduction to Business The Role of Accountants and Accounting Information Chapter Fourteen 1-1 Slide 2 What Is Accounting, and Who Uses Accounting Information? Accounting comprehensive
Internal Control and the CFO
Addressing the Need for Internal Control Assessment Mechanisms and Discharging Fiduciary Reporting Responsibilities Prepared by: Peter Ostapchuk, CA, ACC, CA-IT President, inc. 1 Treasury Board Management
Accounting: Decision Making by the Numbers BUSN
Accounting: Decision Making by the Numbers What is accounting? How is accounting information used? What are career opportunities in accounting? What are the goals of generally accepted accounting principles?
Modul ke: Pengantar Akuntansi. Accounting in Action. 1Fakultas Ekonomi dan Bisnis. Yullia Yustikasari, SE, M.Sc. Program Studi Akuntansi
Modul ke: 1Fakultas Ekonomi dan Bisnis Pengantar Akuntansi Accounting in Action Yullia Yustikasari, SE, M.Sc. Program Studi Akuntansi CHAPTER1 Accounting in Action PreviewofCHAPTER1 What is Accounting?
1 Het belang van internationale verslaggevingstandaarden ; Prof. Dr. M. Hoogendoorn.
Presentation of an International Accounting Standard (International Financial Reporting Standard) (IFRS), 8-9 April 2003. (Joint KPMG and BNA initiative) The Economist, August 17-23, 2002: I swear.. that,
Auditing and Assurance Services, 15e (Arens) Chapter 2 The CPA Profession. Learning Objective 2-1
Auditing and Assurance Services, 15e (Arens) Chapter 2 The CPA Profession Learning Objective 2-1 1) The legal right to perform audits is granted to a CPA firm by regulation of: A) each state. B) the Financial
Reporting on Financial Statements in the BC Public Sector under Canadian Auditing Standards
Background and Purpose The former CICA Handbook was premised on the use of only one reporting framework Canadian GAAP whereas the reporting model within the Canadian Auditing Standards allows for circumstances
February 2017 THE 2015/16 PUBLIC ACCOUNTS AND THE AUDITOR GENERAL S FINDINGS.
February 2017 THE 2015/16 PUBLIC ACCOUNTS AND THE AUDITOR GENERAL S FINDINGS www.bcauditor.com CONTENTS Auditor General s comments 3 Report highlights 6 Summary 7 Response from the Comptroller General
1-1. Prepared by Coby Harmon University of California, Santa Barbara Westmont College
1-1 Prepared by Coby Harmon University of California, Santa Barbara Westmont College 1 Accounting in Action Learning Objectives After studying this chapter, you should be able to: [1] Explain what accounting
Public Accounts. For the Fiscal Year Ended March 31, Ministry of Finance Office of the Comptroller General
Public Accounts For the Fiscal Year Ended March 31, 2001 Ministry of Finance Office of the Comptroller General 2000 2001 National Library of Canada Cataloguing in Publication Data British Columbia. Office
SESSION H6 PD Generally Accepted Auditing Standards. Jim Doherty, FCIA Partner Ernst & Young L.P.
SESSION H6 PD Generally Accepted Auditing Standards Jim Doherty, FCIA Partner Ernst & Young L.P. Agenda Overview of Audit practices in Canada and US in the auditing of actuarial liabilities Changes in
Financial Accounting, 1e Chapter 6: Ethics, Internal Control, and IFRS Test Item File
Financial Accounting, 1e Chapter 6: Ethics, Internal Control, and IFRS Test Item File 6.0-1 Some accounting professionals believe that GAAP may have contributed to the accounting scandals as early as the
CPA Canada Q Business Monitor
CPA Canada Q3 Business Monitor Background document On behalf of: Chartered Professional Accountants of Canada October 13, Study Information The CPA Canada Business Monitor is issued quarterly, based on
SARBANES-OXLEY: A BRIEF OVERVIEW. On July 30, 2002, the United States Congress passed, by a nearly unanimous
SARBANES-OXLEY: A BRIEF OVERVIEW On July 30, 2002, the United States Congress passed, by a nearly unanimous vote, the Public Accounting Reform and Investor Protection Act of 2002", commonly known as the
Accounting in Action
1 Accounting in Action Learning Objectives 1 2 3 4 5 Identify the activities and users associated with accounting. Explain the building blocks of accounting: ethics, principles, and assumptions. State
PUBLIC SECTOR FINANCIAL MANAGEMENT: CONCEPTS. Andrew Graham Queens University School of Policy Studies
PUBLIC SECTOR FINANCIAL MANAGEMENT: PART 3:ACCOUNTING CONCEPTS Andrew Graham Queens University School of Policy Studies www.andrewbgraham.c 2 Accounting is the fairest invention of the human mind. - Goethe
A424: Auditing. What is the independent auditor s responsibility? Learning objective: Understanding the role of the auditor
A424: Auditing Learning objective: Understanding the role of the auditor What is the independent auditor s responsibility? A. To assist management in the fair presentation of financial information. B.
Office of the Comptroller General. public accounts. Ministry of Finance. VISIT OUR WEB SITE AT: Ministry of Finance
p u b l i c a c c o u n t s o f t h e p r o v i n c e Office of the Comptroller General public accounts o f VISIT OUR WEB SITE AT: www.gov.bc.ca/fin b r i t i s h Ministry of Finance c o l u m b i a 2
Our response to specific questions as well as general comments, are attached.
February 20, 2004 E- Mail: ed.psector@cica.ca File: 21720-40 Ron Salole, Director Public Sector Accounting The Canadian Institute of Chartered Accountants 277 Wellington Street West Toronto Ontario M5V
Accounting 408 Exam 1, Chapters 1, 2, 12, A, B, D Fall 2017
Accounting 408 Exam 1, Chapters 1, 2, 12, A, B, D Fall 2017 Name Row I. Multiple Choice Questions. (2 points each, 100 points total) Read each question carefully and indicate the one best answer to each
Chapter 21 Other Engagements, Services, and Reports
Chapter 21 Other Engagements, Services, and Reports Assurance represents the degree of certainty the practitioner has attained and wishes to convey, that the conclusions stated in his or her report are
Learning objective: Understanding the role of the auditor
A424: Auditing Learning objective: Understanding the role of the auditor What is the independent d auditor s responsibility? A. To assist management in the fair presentation ti of financial i information.
Aiden Jackson stared at the list the banker had
1 Accounting and the Business Environment Coffee, Anyone? Aiden Jackson stared at the list the banker had given him during their meeting. Business plan, cash flow projections, financial statements, tax
General Research & Development Health Tourism Alternative and Renewable Energy
THE BARBADOS DOMICILE Barbados has established itself as one of the leading international business domiciles in the world and its international insurance industry has been at the forefront of this development.
Chapter 01. The Role of the Public Accountant in the American Economy. McGraw-Hill/Irwin
Chapter 01 The Role of the Public Accountant in the American Economy McGraw-Hill/Irwin Copyright 2012 by The McGraw-Hill Companies, Inc. All rights reserved. Assurance services The broad range of information
Accounting and Finance for Lawyers
ACADEMY OF AMERICAN AND INTERNATIONAL LAW Accounting and Finance for Lawyers Stanley Siegel New York University Law School 2015, Stanley Siegel Financial Accounting Part I: Overview and Basic Principles
Top 10 Tax Tips You Need to Succeed or The Tax Act is Your Friend. Selected Issues in the Lifecycle of a Tech Company
Selected Issues in the Lifecycle of a Tech Company Warren Nimchuk, Don Furney and Peter van Bodegom March 26, 2002 Vancouver BC You Need to Succeed or The Tax Act is Your Friend Warren Nimchuk and Don
I N T O S A I. The importance of an independent standard-setting process
I N T O S A I The importance of an independent standard-setting process The importance of an independent standard-setting process A paper written for the INTOSAI Subcommittee on Accounting and Reporting
INTEGRATED DEVICE TECHNOLOGY, INC. AMENDED AND RESTATED AUDIT COMMITTEE CHARTER
INTEGRATED DEVICE TECHNOLOGY, INC. AMENDED AND RESTATED AUDIT COMMITTEE CHARTER This amendment to the Amended and Restated Audit Committee Charter (this Charter ) was adopted by the Board of Directors
CFIN 4: Maintain and Analyze Financial Records 34
CFIN 4: Maintain and Analyze Financial Records 34 4-1 Accounting Principles and Practices OBJECTIVES Identify important accounting activities and procedures. Recognize assumptions, principles, and professional
IFRS Task Force presentation to NAIC
IFRS Task Force presentation to NAIC Henry Siegel Chairman, Financial Reporting Committee and IFRS Task Force Risk Management and Financial Reporting Council of the NAIC Interim Meeting of International
Reporting Implications of New Auditing and Accounting Standards
Reporting Implications of New Auditing and Accounting Standards Issue No. 12 April 2014 Reporting Implications of New Auditing and Accounting Standards ISSUE No. 12 April 2014 This CPA Canada publication
6. Chapter 1 Question TF #6 A firm makes investments to obtain productive capacity to carry out its business activities.
1. Chapter 1 Question TF #1 The managers of a business prepare financial statements to present meaningful information about that business s activities to external users, *a. True b. False 2. Chapter 1
Accounting for Consolidations What You Need to Know about Cost, Equity and Acquisition Methods, Part 1
Accounting U.S. GAAP Accounting for Consolidations What You Need to Know about Cost, Equity and Acquisition Methods, Part 1 Accounting for Consolidations What You Need to Know about Cost, Equity and Acquisition
Auditing of Governmental and Not-for-Profit Organizations
Chapter 12 Auditing of Governmental and Not-for-Profit Organizations McGraw-Hill/Irwin Copyright 2010 by The McGraw-Hill Companies, Inc. All rights reserved. Learning Objectives After studying Chapter
for Tax Preparers Part I
for Tax Preparers Part I Table of Contents 1. Introduction... 1 2. Training Objectives... 2 3. Resources... 3 4. Ethics Overview... 4 a. Ethical Behavior... 4 i. Applied Ethics... 4 b. Business Ethics...
Horngren's Financial & Managerial Accounting, 5e (Miller) Chapter 1 Accounting and the Business Environment. Learning Objective 1-1
Horngren's Financial & Managerial Accounting, 5e (Miller) Chapter 1 Accounting and the Business Environment Learning Objective 1-1 1) Accounting is the information system that measures business activities,
GOVERNMENT BORROWERS FORUM May 9-12, 2011 Hosted by the Ministry of Finance, Chile. Wednesday, May 11, 2011
GOVERNMENT BORROWERS FORUM May 9-12, 2011 Hosted by the Ministry of Finance, Chile Wednesday, May 11, 2011 Panel Discussion: New Rules and Regulations for All 2:30 3:45 What Role Can Accounting Standards
2012 Municipal Orientation. Municipal Accounting and Financial Reporting
2012 Municipal Orientation Municipal Accounting and Financial Reporting Agenda Accounting Financial Reporting Annual Financial Statements Fund Accounting Budgeting Accounting The art of recording, classifying,
Confidence in Public Accounting Firms Returns, Strong Support for Sarbanes-Oxley
Confidence in Public Accounting Firms Returns, Strong Support for Sarbanes-Oxley BDO Dunwoody/Chamber Weekly CEO/Business Leader Poll by COMPAS in the Financial Post for Publication June 7, 2004 COMPAS
Accounting consists of three basic activities it
1-1 LEARNING OBJECTIVE 1 Identify the activities and users associated with accounting. Accounting consists of three basic activities it identifies, records, and communicates the economic events of an organization
THE NASPP AT 19 The Evolution of the Stock Plan Industry
Leading the Evolution of Global Stock Plan Management THE NASPP AT 19 The Evolution of the Stock Plan Industry THE NASPP AT 19: THE EVOLUTION OF THE STOCK PLAN INDUSTRY Just a few years before the NASPP
INSTRUCTIONS: THERE ARE TWO VERSIONS OF THIS EXAM AND YOUR VERSION NUMBER IS AT THE BOTTOM OF EACH PAGE. PLEASE WRITE YOUR VERSION # ON YOUR SCANTRON!
OCTOBER 22, 2008 VERSION #1 ECON 132A / ANDERSON MIDTERM 1 Name: Perm # INSTRUCTIONS: THERE ARE TWO VERSIONS OF THIS EXAM AND YOUR VERSION NUMBER IS AT THE BOTTOM OF EACH PAGE PLEASE WRITE YOUR VERSION
International Financial Accounting (IFA)
International Financial Accounting (IFA) Part I Accounting Regulation; International Accounting DEPARTMENT OF BUSINESS AND LAW ROBERTO DI PIETRA SIENA, NOVEMBER 4, 2013 1 IASB: history, governance and
January 24, The Secretary Ontario Securities Commission 20 Queen Street West 22nd Floor Toronto, Ontario M5H 3S8
Chartered Professional Accountants of Canada 277 Wellington Street West Toronto ON CANADA M5V 3H2 T. 416 977.3222 F. 416 977.8585 www.cpacanada.ca Comptables professionnels agréés du Canada 277, rue Wellington
Issue No. 3 February 2011 CICA
Reporting Implications of New Auditing and Accounting Standards Issue No. 3 February 2011 CICA Reporting Implications of New Auditing and Accounting Standards ISSUE No. 3 February 2010 This CICA publication
City of East Palo Alto
City of East Palo Alto Single Audit Reports City of East Palo Alto Single Audit Reports Table of Contents Independent Auditor s Report on Internal Control over Financial Reporting and on Compliance and
The 2004 Oversight Systems Financial Executive Report on Sarbanes-Oxley
The 2004 Oversight Systems Financial Executive Report on Sarbanes-Oxley www.oversightsystems.com About the Survey Through a combination of an invitation-only online survey and survey intercepts, 222 corporate
City of Ottawa Financial Statement Audit Plan
City of Ottawa n Ernst & Young LLP 100 Queen Street, Suite 1600 Ottawa, Ontario K1P 1K1 n Phone: (613) 232-1511 Fax: (613) 232-5324 www.ey.com October 1, 2007 Members of the Corporate Services and Economic
Richter survey of bank forecasts: Foreign exchange and interest rates
Richter survey of bank forecasts: Foreign exchange and interest rates Richter LLP 2345 Yonge St., Suite 300 Toronto, ON M4P 2E5 181 Bay St., Suite 3320 Bay Wellington Tower Toronto, ON M5J 2T3 1981 McGill
Oil and Gas Year-End Accounting and Auditing Update
1 Oil and Gas Year-End Accounting and Auditing Update 2 Today s Agenda FAS 133 Frequent Problem Areas FAS 143 Implementation Accounting for Costs Associated with Exit or Disposal Activities FAS 146 Accounting
Fiscal Analysis Including the Composite Financial Index: A Tale of Two Universities
Fiscal Analysis Including the Composite Financial Index: A Tale of Two Universities Presented By: Mary H. Loomis, CPA, MPA Vice President for Business & Finance Why use ratios? Ratios are important for
Takeaways from the AICPA s 2018 Conference on Current SEC and PCAOB Developments
January 8, 2019 Takeaways from the AICPA s 2018 Conference on Current SEC and PCAOB Developments In mid-december 2018, speakers and panelists representing regulatory and standard-setting bodies as well
SEC Proposes New Rules To Implement Provisions of the Sarbanes-Oxley Act Regarding Service of Financial Experts on Audit Committees, Codes of Ethics
SEC Proposes New Rules To Implement Provisions of the Sarbanes-Oxley Act Regarding Service of Financial Experts on Audit Committees, Codes of Ethics and Internal Controls October 30, 2002 SEC Proposes
2018 INTERNAL AUDIT MANAGEMENT INSIGHTS. Risk and Allocation of Audit Effort. A North American Pulse of Internal Audit Supplemental Report / 1
2018 INTERNAL AUDIT MANAGEMENT INSIGHTS Risk and Allocation of Audit Effort A North American Pulse of Internal Audit Supplemental Report / 1 About the of Internal Audit NUMBER OF RESPONSES CAEs 552 Directors/senior
Understanding Accounting and Financial Information
Chapter Seventeen Understanding Accounting and Financial Information McGraw-Hill/Irwin Copyright 2010 by the McGraw-Hill Companies, Inc. All rights reserved. SEAN PERICH Bakery Barn A lifelong weightlifter
2 4 Generally accepted auditing standards are the Statements on Auditing Standards issued by the Auditing Standards Board.
CHAPTER 2 Professional Standards Review Questions 2 1 The Sarbanes-Oxley Act of 2002 created the PCAOB and gave this body authority to develop auditing standards for the audits of public companies. The
Assignments: page numbers are for 3d edition: use common sense to translate if you have a different edition.
UNIVERSITY OF FLORIDA COLLEGE OF LAW ACCOUNTING FOR LAWYERS PROFESSOR WILLIS Required: Lawrence A. Cunningham, INTRODUCTORY ACCOUNTING AND FINANCE FOR LAWYERS (any edition) Participation: Participation
Accounting Institutions and Regulation
Accounting Institutions and Regulation (EAC0227 - PD 303) Renê Coppe Pimentel Prof. Renê Coppe Pimentel Pg. 1 THE ACCOUNTING ENVIRONMENT Firms future cash flows and their probabilities are know The economy
Accounting in Action. Chapter 1. Learning Objectives. After studying this chapter, you should be able to:
1-1 Chapter 1 Accounting in Action Learning Objectives After studying this chapter, you should be able to: 1. Explain what accounting is. 2. Identify the users and uses of accounting. 3. Understand why
Accounting 408 Exam 1, Chapters 1, 2, 12, A, B, D
1 Accounting 408 Exam 1, Chapters 1, 2, 12, A, B, D Spring 2017 Name Row I. Multiple Choice Questions. (2 points each, 100 points total) Read each question carefully and indicate the one best answer to
TRIPLE-ENTRY ACCOUNTING. Posted on March 21, 2018 by Joss Colchester
TRIPLE-ENTRY ACCOUNTING Posted on March 21, 2018 by Joss Colchester TRIPLE-ENTRY ACCOUNTING One of the great innovations made possible with the advent of blockchain technology is the development of triple-entry
The Institute of Chartered Accountants of Manitoba Consolidated Financial Statements August 31, 2015
Consolidated Financial Statements August 31, Contents Page Independent Auditors' Report 1 Consolidated Statement of Financial Position 2 Consolidated Statement of Operations 3 Consolidated Statement of
Presentation of the ROSC Report in BiH: Main findings
Presentation of the ROSC Report in BiH: Main findings Mr. Frédéric Gielen Senior Financial Management Specialist, World Bank Experts: JF des Robert and Anne-Marie Raynaud Workshop on Review of Accounting
Manulife's Financial Wellness Assessment
Manulife's Financial Wellness Assessment Why having poor financial wellness impacts productivity Manulife s health and wealth research confirms the strong connection between an employee s financial wellness,
AuditorGeneral. of British Columbia. Observations on Financial Reporting: Audit Findings Report on the 2008/09 Summary Financial Statements
2 0 0 9 / 2 0 1 0 : R e p o r t 3 O F F I C E O F T H E AuditorGeneral of British Columbia Observations on Financial Reporting: Audit Findings Report on the 2008/09 Summary Financial Statements October
Last Updated: August SOUTH CAROLINA GOVERNANCE PRINCIPLES Wyche, P.A. Eric K. Graben
Last Updated: August 2013 SOUTH CAROLINA GOVERNANCE PRINCIPLES Wyche, P.A. Eric K. Graben Table of Contents 1. The Sarbanes-Oxley Good Governance Principles 2. IRS Encourages Good Governance Policies 3.
Exploring the History and Trends of Accounting in Canada and the United States
University at Albany, State University of New York Scholars Archive Accounting Honors College 5-2018 Exploring the History and Trends of Accounting in Canada and the United States Annie Songeun Lee University
ACCT1501. Accounting and Financial Management 1A. [Date] Nicole UNSW
![ACCT1501. Accounting and Financial Management 1A. [Date] Nicole UNSW](/thumbs/87/96642614.jpg "ACCT1501. Accounting and Financial Management 1A. [Date] Nicole UNSW")
[Date] ACCT1501 Accounting and Financial Management 1A Nicole UNSW Topic 1. Introduction to Financial Accounting 1. USE AND PREPARATION OF ACCOUNTING USE USERS include managers, investors, bankers, financial
Effective Use of Audit. November 13, Committees
Effective Use of Audit November 13, 2014 Committees 1 Rebecca Underhill, Director of Finance, League City Amanda Wallace, City Auditor, Killeen Jerry Gaither, Weaver, LLP 2 Background 1997 GFOA issued
EMBRACING CORPORATE GOVERNANCE PRACTICES AMONG LISTED ENTITIES. Presentation by: CPA Tom Kimaru
EMBRACING CORPORATE GOVERNANCE PRACTICES AMONG LISTED ENTITIES Presentation by: CPA Tom Kimaru Director, Regulatory Affairs, Nairobi Securities Exchange Limited Wednesday, 22 nd March 2017 Uphold public
guide to analysing companies
guide to analysing companies 6th edition Bob Vause THE ECONOMIST IN ASSOCIATION WITH PROFILE BOOKS LTD Published by Profile Books Ltd 3a Exmouth House Pine Street London ec1r 0jh www.profilebooks.com Copyright
The. for HEALTHCARE INCORPORATION PROS TAX DEFERRAL 10%-17%
The PROS & CONS INCORPORATION of for HEALTHCARE PROFESSIONALS 1 INCORPORATION PROS TAX DEFERRAL 10%-17% The tax rate on income earned inside a professional corporation that is eligible for the small business
Basic Legal Accounting outline, Fall Professor MacDonald. I. Accounting A. Foundations 1. Assumptions a) The separate entity assumption: you
Basic Legal Accounting outline, Fall 2004. Professor MacDonald. I. Accounting A. Foundations 1. Assumptions a) The separate entity assumption: you regard the entity you are reporting about as distinct
For advisor use only. RBC Insurance 2017 Student Savings Program
For advisor use only RBC Insurance 2017 Student Savings Program Contents RBC Insurance 2017 Student Savings Program...3 Eligible Occupations...4 Timing of the 2017 Student Savings Program...4 Student Limits
August 20, Technical Director Financial Accounting Standards Board 401 Merritt 7 P.O. Box 5116 Norwalk, CT
August 20, 2015 Technical Director Financial Accounting Standards Board 401 Merritt 7 P.O. Box 5116 Norwalk, CT 06856-5116 File Reference No.: 2015-230 Re: Proposed ASU Not-for-Profit Entities (Topic 958)
TABLE OF CONTENTS AUDITING AND ATTESTATION
TABLE OF CONTENTS AUDITING AND ATTESTATION Topic Page OVERVIEW OF AN ATTEST FUNCTION... 1 AUDIT OPINIONS... 5 USE OF REPORT OF ANOTHER AUDITOR... 11 COMPARATIVE FINANCIAL STATEMENTS... 13 COMPILATIONS
Public Sector Accounting Standards Update
Public Sector Accounting Standards Update Financial Management Institute November 22, 2016 Agenda PSAB Update PSA Discussion Group Update on Other PSAB Projects 2 PSAB Update Effective Dates Date April
Financial Services Commission Corporate Governance Seminar. Corporate Governance: Influencing Performance & Efficiency - Creating Opportunities
Financial Services Commission Corporate Governance Seminar Corporate Governance: Influencing Performance & Efficiency - Creating Opportunities March 26, 2014 Opening Remarks Ms. Janice P Holness Executive
FIN 48 and FAS 109: Bringing Disclosure and Transparency Into Focus
FAS 109 Presents: FIN 48 and FAS 109: Bringing Disclosure and Transparency Into Focus Rita Benassi Kathy McEligot Randall Sogoloff December 10, 2007 Keep in Mind The views expressed do not necessarily
ANNUAL REPORT ON THE INTERIM INSPECTION PROGRAM RELATED TO AUDITS OF BROKERS AND DEALERS
1666 K Street, N.W. Washington, DC 20006 Telephone: (202) 207-9100 Facsimile: (202) 862-8430 www.pcaobus.org ANNUAL REPORT ON THE INTERIM INSPECTION PROGRAM RELATED TO AUDITS OF BROKERS AND DEALERS PCAOB
TABLE OF CONTENTS. 2 Letter to the Minister. 3 Corporate Information. 4 Chairman s Report. 6 Chief Executive Officer s Report
The Pension Commission ANNUAL REPORT 2007 TABLE OF CONTENTS 2 Letter to the Minister 3 Corporate Information 4 Chairman s Report 6 Chief Executive Officer s Report 8 Review OF OPERATIONS 11 The Functions
Public consultation on long-term and sustainable investment
Case Id: 5a0bdff8-2c24-45af-b83c-2d5eea3336e3 Date: 25/03/2016 15:15:12 Public consultation on long-term and sustainable investment Fields marked with are mandatory. Introduction Fostering growth and investment
CHAPTER 29. Corporate Governance. Chapter Synopsis
CHAPTER 29 Corporate Governance Chapter Synopsis 29.1 Corporate Governance and Agency Costs Corporate governance is the system of controls, regulations, and incentives designed to maximize firm value and
Re: Recommendations and Proposals for G-20 Workgroup # October 11, The Group of Twenty (G-20) c/o Mr François Baroin
Re: Recommendations and Proposals for G-20 Workgroup # October 11, 2011 The Group of Twenty (G-20) c/o Mr François Baroin By e-mail: sp-eco@cabinets.finances.gouv.fr Recommendations for the G-20 Nations
Help your employees bring their best to work. Every day. Understanding the impact of employee health and wealth on your business success
Help your employees bring their best to work. Every day. Understanding the impact of employee health and wealth on your business success There s a strong connection between overall health, financial wellness
EITF Abstracts, Appendix D. Topic: Application of FASB Statements No. 5 and No. 114 to a Loan Portfolio
EITF Abstracts, Appendix D Topic No. D-80 Topic: Application of FASB Statements No. 5 and No. 114 to a Loan Portfolio Date Discussed: May 19-20, 1999 The staff of the Securities and Exchange Commission
M A N I T O B A ) Order No. 60/08 ) THE PUBLIC UTILITIES BOARD ACT ) May 20, 2008 CASH-X INC. APPLICATION FOR AN AWARD OF COSTS PAYDAY LOAN HEARING
M A N I T O B A ) Order No. 60/08 ) THE PUBLIC UTILITIES BOARD ACT ) May 20, 2008 BEFORE: Graham Lane, C.A., Chairman Monica Girouard, CGA, Member Susan Proven, P.H.Ec., Member CASH-X INC. APPLICATION
VARIABILITY: Range Variance Standard Deviation
VARIABILITY: Range Variance Standard Deviation Measures of Variability Describe the extent to which scores in a distribution differ from each other. Distance Between the Locations of Scores in Three Distributions
Professional corporations offer tax breaks
Tax, Retirement & Estate Planning Services INVESTMENT INSIGHT Professional corporations offer tax breaks Many professionals in Canada are able to incorporate their practice, which allows them the opportunity
2017 Consolidated Financial Statements. Presentation to General Committee. April 23, 2018
2017 Consolidated Financial Statements Presentation to General Committee April 23, 2018 2 Agenda 1. Introduction 2. Requirements 3. Audit Summary 4. Financial Results Discussion 5. Presentation by Mr.