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Professional Matters NEWS AND VIEWS FOR MEMBERS SEEING GREEN


CPA Canada sponsors session at GLOBE 2016


THE ENVIRONMENT is everyone’s business. That was the message at GLOBE 2016, a sustainable business event that ran from March 1 to 4 in Vancouver. Nearly 2,000 delegates from more than 50 countries attended. Prime Minister Justin Trudeau opened the conference, announcing $125 million in funding to help Canadian communities reduce emissions and adapt to a changing climate. “Climate change is a challenge for the entire planet,” the prime minister said. “Let’s never forget it is also an opportunity for those willing to solve it.” CPA Canada and Natural Resources Canada co-sponsored a session as part of an


ongoing initiative to position professional accountants as leaders in organizational climate-change adaptation. Bob Elton (chief risk officer for Vancity and chair of CPA Canada’s Sustainability Advisory Board) and executives from Enbridge, MEC and TransLink discussed how people with finance and sustainability portfolios were teaming up to address climate-change risks. Sarah Keyes, CPA Canada’s principal, sustainability, research, guidance and


support, attended the session. “Collaboration is essential for real action on climate change,” she said. “Accountants have a vital role to play.”


“Many people are often forced to unwind


their plans and forfeit the tax benefit to pay the unexpected bill and avoid


the complex tax filings that can ensue”


—JIM YAGER, DIRECTOR OF THE AMERICAN CHAMBER OF COMMERCE IN CANADA’S INTERNATIONAL TAX COMMITTEE, ON THE NEED FOR A TAX FIX FOR CROSSBORDER SAVINGS PLANS


CORPORATE REPORTING Everyone’s a winner


FIND OUT HOW your reports measure up by entering CPA Canada’s Awards of Excellence in Corporate Reporting before July 8.


10 | CPA MAGAZINE | JUNE/JULY 2016


The contest is open to publicly listed companies and Crown corporations. Every entrant receives confidential feedback from judges. Entering shows a commitment to high-quality reporting. Learn more at cpacanada.ca/crawards.


DATA DIVING


Credit card fraud is the most common type of fraud


33% of Canadians report having been a victim of fraud


What kind of fraud have they experienced? credit card fraud


65%


debit card fraud online fraud


31%


telemarketing fraud email fraud identity theft


15% 15%


11%


a fraudulent investment scheme cellphone fraud


9% 9%


4%


Source: The 2016 CPA Canada Fraud Survey was conducted by Harris Poll via telephone between Jan. 28 and Feb. 11. A national random sample of 1,005 adult Canadians aged 18 years and over was used. The survey is considered accurate to within ±3.1% 19 times out of 20. Some respondents reported fraud in more than one category.


MEMBER RESOURCES


A Q&A for your MD&A


CPA CANADA’S January 2016 Reporting Alert presents a series of questions for preparers of Management’s Discussion and Analysis to consider as they develop their disclosures about liquidity and capital resources and help ensure that investors have the information they need to make sound decisions. Download a free copy at cpacanada. ca/liquiditycapitalresources.


Shauna Sawicki


Salvaewewwwewco


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