Entries from November 2009 ↓

new audit standards?

You  may have already noticed that your auditors are a bit more perky (chirpy?) about preparing for their 2009 audits.  What you may not know is the reason: effective December 15, 2009 your auditors are being held to a new standard - the Canadian Standards on Quality Control (”CSQC 1“).
Uhm, why do I care?
Fair enough.  [...]

private enterprise GAAP?

A client of mine just met with their auditors in order to prepare for their 2009 audit.  One of the questions the auditors asked was:
are you going to embrace International Financial Reporting Standards (”IFRS“) in 2010 or will you move towards private enterprise GAAP?
As many of you know IFRS is mandatory for Canadian publicly traded [...]

thanks but no thanks

A part of the recruiting process is correctly setting expectations with your candidates.  As I mentioned, this is the candidates first encounter with you as a company so you want it to be professional, open, and respectful.  As a part of your communication during recruiting please don’t forget to thank candidates for applying but also, [...]

did Apple really invent Excel?

So I was at the bar the other night passionately debating the Apple vs. Microsoft business laptop purchase rationale (yes, I really do need to get a life) when my friend said:
Go with Apple - they actually invented Excel for Microsoft.
Uhm, what?!?!?  I leapt off the bar stool and started shouting.  Those were fighting words (especially [...]