BY THE BOOK\nProtect Your Money and Your Life\nSomeone out there wants to be you. And it’s not a compliment. In fact, CPA Canada’s fraud survey revealed 43% of Canadians know a victim of financial fraud.\n\nProtecting You and Your Money: A Guide to Avoiding Identity Theft and Fraud helps Canadians understand common scams and take preventive action.\n“Fraudsters are globally connected, highly sophisticated and incredibly organized,” warns the book’s author, Kelley Keehn. “CPAs can arm their clients with information on the severity of the environment and provide them with action steps to protect their financial future.”\nThe Canadian government is stepping in as well. In mid-April, the minister of state (finance) announced the appointment of Jane Rooney as Canada’s first-ever financial literacy leader.\nOrder the book at cpacanada.ca/fraudprevention.\nHOT TOPICS\nA new take on money laundering\nRecent amendments to Canada’s Proceeds of Crime (Money Laundering) and Terrorist Financing Act came into force on Feb. 1, 2014.\nThe Financial Transactions and Reports Analysis Centre of Canada (FINTRAC) is expected to start enforcing the amended legislation this summer. Failure to comply can result in significant financial and criminal penalties.\n\nCPA Magazine will address this timely topic in the August issue. Learn about money laundering, common techniques, reporting obligations, consequences for accountants and the connection between the act and your clients’ privacy.\nCPA Canada’s Guide to Comply with Canada’s Anti-Money Laundering (AML) Legislation, to be released this summer, will include a detailed look at whether the legislation affects you, how to comply and what happens if you don’t.\nTo find out more, go to FINTRAC’s guidelines.\nGOOD READS\nThe best-laid plans\nA great business strategy is only 100 pages away.\nCPA Canada’s newest publication, Strategy and Planning Toolkit for Small and Medium Businesses, uses clear writing, concrete examples, descriptive charts and insightful tips to give business leaders and their advisers quick access to the valuable tools they need to craft a winning strategy and put their plan into action.\nAccording to author Jeffrey D. Sherman, FCPA, FCA, entrepreneurs often start with a razor-sharp attention to strategy that’s ultimately sacrificed to get things done. “It’s meaningless to talk about great execution without a great strategy,” he says. “Strategy and planning aren’t optional extras.”\nOrder the book at cpacanada.ca/strategytoolkit.\nTECH TALK\nHow safe is cyberspace?\nThe heart bleed bug took a nasty bite out of consumer and taxpayer confidence in April, so now is a good time for boards to consider the risks and benefits of doing business in a wired world. CPA Canada’s new director alert explores the basics of cybersecurity and offers helpful questions that directors can ask to understand how management protects important information and organization assets.\nDownload the publication from cpacanada.ca/cybersecurity.