TABLE OF CONTENTS | JUNE 1999
Cover photo by:
Ron Sangha
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Head West, and South and Northeast
Post-conference tours provide opportunities in all directions for EXACT '99 participants.
By Judith Walker
The Chosen Path
(summary)
A maze of U.S. and Canadian tax rules surround investments in U.S. limited liability companies.
By Sheila Bush, CGA
Truth or Consequences
Step right up and find the right solutions to these 10 ethical dilemmas — or face the music.
By Stephen Spector, CGA
Corporate Tree of Knowledge
Businesses are discovering that fostering growth in intellectual capital could improve the bottom line.
By Jeff Buckstein, CGA
Mountain Hero
Andrea Agnoloni, CGA, rescues those lost in the hills above Vancouver.
By Alison Arnot
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Viewpoint
News from CGA-Canada
CGA-AFN interim report, SME Centre on the Web, Y2K readiness — and more!
Cyberspeak
Web sites for CGAs
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Micromation
"Life's Best Things"
Free e-mail can be a great way for small-business and home-office users to have access to
e-mail.
Investing "Market Alienation"
Changes in stock market prices lack so much logical reasoning that we might as well blame losses on aliens.
Tax Forum "Bed of Contention"
In
Peter Guy Crockart v. Her Majesty the Queen[97-395(IT)I], Revenue Canada takes a narrow view of what constitutes a hospital bed under paragraph 118.2(2)(m) of the
Income Tax Act. If only Revenue Canada allowed its employees to exercise common sense, there would be fewer cases like this taking up court time and tax dollars.
Legal Notes
"Risky Venture"
Auditors who misrepresent a company's financial position may be liable for full compensation to high-risk investors. This was addressed in
Kripps v. Touche Ross & Co. [1998 41 BLR 124].
Standards "To Be Confirmed"
IFAC's International Auditing Practices Committee's new exposure draft,
External Confirmations, allows auditors to use their professional judgment to determine which external confirmations to complete.
CGA-Canada concludes that this will increase auditors' efficiency.
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