The Statement of Cash Flows is one of three financial statements required under both Canadian GAAP and IFRS, and essentially provides users with information regarding how the company obtained and used cash during the period. Read More
Canadian GAAP and IFRS both have line items that need to be presented, but IFRS requires more disclosures, as detailed in IAS 1, paragraph 54. Read More
There will continue to the same financial statements that we are all familiar with, but the terminology will change. Read More
IFRS – Global Financial Reporting Dialect
CGA Alberta requested my support in writing an International Financial Reporting Standards (IFRS) article by Magdalena Matracki. Read More
As I mentioned in the SOX Compliance Software article on this web-site, there are dozens of SOX software applications available to assist organizations manage and report on their SOX projects. In this article however, I want to drawn attention to, and highlight a software program designed for small and medium organizations. The software is called ICM, and the company behind the software is e2e Solution Inc. Read More
During the last 5 years, I have been involved with ongoing discussions with organizations regarding the best method to track and monitor the huge amount of Sarbanes Oxley key controls, test results, gap remediation, and overall reporting. Read More
In January 2009, COSO published "Monitoring Guidance" to help organizations better monitor the effectiveness of their internal control system, and take corrective action if needed. This has direct implications for ongoing SOX work, so I thought it would be useful to highlight some of the more salient points. Read More