Contents CPA MAGAZINE SEPTEMBER 2017 30 NEWS ETC.


Globetrotting 6 News From Around the World


Crosscountry 7 Canada at a Glance


Variables 8 Patently Ridiculous


By the Numbers 68 Breaking News


FEATURES Just Add Water 30


When Geoff Chutter traded in his job at KPMG to build a waterpark, his coworkers thought he was a lunatic. But he’s defied all odds. So who’s laughing now?


The Truth You Don’t Know 38


Because you refuse to accept that there are conspiracies everywhere, with bankers manipulating money and controlling the world, and aliens...


Come Together 44


CPAs are a reflection of Canadian diversity, with many colours and creeds. And some of these professionals have formed networks to support each other


COLUMNS Editor’s Note 2


Canadian Issues 22 Freedom 85?


The Right Thing 24 Just the Way It Is


In Practice 26 Are You Ready For New Auditor Reporting Standards?


For more contents: cpacanada.ca/ cpamagazine


DEPARTMENTS Letters 4


Professional Matters 10


CPA Canada kicks off new brand advertising campaign 10


Income Tax Act turns 100, warts and all 11


Fall conferences 12


Standards Digest 14 The New Auditor Reporting Standard


Workplace 16


Business Etiquette 16 News 16 Profile 17 Management 18 Leadership 21


Technophilia 28


Setting the Stage for Simulation 28 Tech Review 29


On the Money 52


Financial News and Advice 52


Shopping: A Going Concern 53


Fraud 54 Scams and Shams 54


Not as Clean as We Think 56


After Hours 58 Profile 58 Health 60 Book Review 61 Travel: Shanghai 62


SEPTEMBER 2017 | CPA MAGAZINE | 1


Cover: Jimmy Jeong/KlixPix

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