At a Glance 

FROM: SEP-OCT 2008 ISSUE

“Seventy-five per cent of entrepreneurs attribute the increasing ease of entry into small business to the Internet.”
Yahoo Small Business

FCAC Consumer Contacts

In the first three months of the year, the Financial Consumer Agency of Canada (FCAC) handled 11,205 contacts. FCAC provides consumers with accurate and objective information about financial products and services, and reviews hundreds of compliance cases each year, covering a wide range of consumer issues under federal financial legislation. www.fcac.gc.ca

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IFAC Code of Ethics

The International Ethics Standards Board for Accountants within the International Federation of Accountants (IFAC) has proposed changes to enhance the clarity of the IFAC Code of Ethics. The revised code is aimed at facilitating convergence of international and national ethical standards. Comments on the exposure draft are requested by October 15, 2008. www.ifac.org/EDs

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From G6 to G8

The 34^th G8 Summit took place in Japan in July. The summit of the world’s most industrialized countries started in 1975 as the G6 Summit, following a French initiative. The summit was intended to offer an unofficial forum for the heads of state to discuss worldwide economic issues. The founding nations – France, Germany, Italy, Japan, the United Kingdom, and the United States – were joined by Canada (1976), Russia (1994), and later, by the president of the European Commission.

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