A while ago I received an email informing me of a newsletter available for Canadian accounting profes­sionals detailing the transition from Canadian GAAP to inter­na­tional standards, IFRS. The newsletter is provided by The Finance Group, headed up by Gordon Heard, CA, and all three issues to date are available for download (in PDF format). The […]

More →

Al Rosen, in the second of a three part series in the Financial Post about the transition from Canadian GAAP to IFRS: IFRS is too weak in its current form for investors to accept on par with current Canadian standards. Nonetheless, we are on course to implement IFRS in just three years. He quotes and agrees […]

More →

Richard Murphy’s on fire these days, taking it One World Trust, explaining the power of blogging and giving it to New York CPAs. Too many in accoun­tancy see their role to be increasing the wealth of the wealthiest in our society… and they’re polit­i­cally cynical enough to pander to their clients and ignore the ethics […]

More →

In Canada, the Accounting Standards Board (AcSB) has already taken the first steps of conver­gence with inter­na­tional standards by outlining the plan under which publicly accountable enter­prises will transition completely to IFRS. The change will occur over the next 5 years, and the Board expects the changeover process to be complete by fiscal years beginning […]

More →

The Publish What You Pay campaign is where inter­na­tional politics, financial reporting, and the devel­oping world intersect. The campaign seeks to force companies in extractive indus­tries (such as oil and gas) to make public their payments to govern­ments in the devel­oping world. It began in 1999 with an “exposé of the apparent complicity of the oil […]

More →