Accounting

SEC charges accountant and friend with insider trading

The Securities and Exchange Commission has charged the former partner in charge of KPMG's Pacific Southwest audit practice and his friend with insider trading on nonpublic information about firm clients.

By Staff |April 15, 2013

3 min read

Industry

TD acquires Target’s U.S. credit card portfolio

TD Bank Group today announced the completion of its transaction with Target Corporation, in which TD has acquired Target’s U.S. Visa and private label card portfolio and entered into a seven-year program agreement to be the exclusive issuer of Target-branded Visa and private label consumer credit cards to Target’s U.S. customers. Read: Canadian banks on […]

By Staff |March 13, 2013

1 min read

Market Insights

Uncovering accounting irregularity

Study claims 20% of companies manage their earnings.

December 11, 2012

4 min read

Industry

Investors wary of internal audits: PwC

Investors expect auditors and their supporting committees to do more than perform detailed company reviews.

November 26, 2012

3 min read

Turning against IFRS

Displeasure with the International Financial Reporting Standards (IFRS) is on the rise, and will likely gain steam as annual results are issued in the first quarter of 2012. As investors begin to digest some of the quarterly numbers from last year, more have started expressing unease with the new accounting rules.

February 20, 2012

5 min read

Manulife’s billion dollar splashdown

When the Canadian life insurers reported their third quarter results, billions of dollars in red ink flowed. Investors and executives alike were blaming the accounting rules. Frankly, we had to smile.

6 min read

BDO buys KPMG’s consumer insolvency practice

BDO Canada Limited has announced the purchase of KPMG’s consumer insolvency practice. It will be merged into BDO’s national financial recovery services practice. Effective August 26th, 2011, the practices now operate under the BDO Canada Limited name. “We are proud to combine forces with such a strong practice,” said Bill Courage, National Insolvency Practice Leader, […]

By Staff |August 29, 2011