Tag Archives for US

Grant Thornton insists client remove Chairman, is removed as auditor

Here’s an inter­esting story coming out of Dallas: Embattled multi-level marketing firm Mannatech has fired its independent auditor, Grant Thornton, after the auditor gave the company an ultimatum: Remove Chairman and founder Sam Caster from the company or find yourself … Continue reading

30. October 2007 by Neil
Categories: Auditing | Tags: , , , , , | Leave a comment

Income trust foreign takeovers may be a good thing

There’s been a lot of activity lately on the income trust front. Foreign firms are making bids left and right to acquire the Canadian entities, in the wake of the 31.5% trust tax intro­duced by the Conser­v­ative government. Jack Mintz, … Continue reading

05. April 2007 by Neil
Categories: Taxation | Tags: , , , , , , , , | 8 comments

Scots tout principles in the Big Apple

The Scotsman: The Institute of Chartered Accoun­tants of Scotland will tell high-powered US financiers at a conference in New York that individual judgment should play a bigger role than strict adherence to a rule book. Ah, this old classic. Once again … Continue reading

04. April 2007 by Neil
Categories: Accounting Standards | Tags: , , , , , , , , | 4 comments

AMT woes south of the border — what about us?

The Alter­native Minimum Tax is getting a lot of coverage in the US since changes made by Reagan in the 80s are causing it to affect 80% of “families with an adjusted gross income of $75,000 to $100,000,” in other … Continue reading

01. April 2007 by Neil
Categories: Taxation | Tags: , , , , , , , , , | 2 comments

Canadian bank “shakes” Enron related audit rules

From the (Toronto) Star: Banking author­ities in Canada and the United States have lifted an enforcement action that they imposed on the Canadian Imperial Bank of Commerce three years ago over its involvement with Enron Corp. The action put restric­tions on … Continue reading

31. December 2006 by Neil
Categories: Auditing | Tags: , , , , , | Leave a comment

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