Here’s what to catch up on this fall
Our one-stop roundup will keep you in the loop on what has been on our radar over the past summer (Getty Images/recep-bg)
While enjoying time off during the summer, it’s easy to miss some of the updates from the accounting world. To help CPAs get up to speed, we’ve put together an essential reading list of key stories from the past few months.
THE PROFESSION
Read about the latest compensation trends for CPAs
Experts share insights about how work-life balance, salary versus bonus and top-ups to benefits factor into the way compensation trends are changing for CPAs.
Hear from the May 2022 CFE Gold Medal Winner
Of the 1,640 candidates who passed the May 2022 CFE, Lixian Cao took top honours, earning him the prestigious Governor General’s Gold Medal. Find out how he prepared for the exam and what advice he has future candidates. [See also CFE regional winners share a sense of pride and excitement]
Bookmark these learning resources for CPAs
Dive into our recommended selection of books, podcasts and educational documents on various topics, including sustainability and entrepreneurship.
ANTI-MONEY LAUNDERING
Stay on top of anti-corruption
In an exclusive interview, José Hernandez, one of the world’s top anti-corruption experts, explains what CPAs can do in the fight against money laundering.
Plus, hear from Hernandez in an episode of Foresight: The CPA Podcast when he talks with Michele Wood-Tweel, vice-president of regulatory affairs at CPA Canada, about the impact of the conflict in Ukraine on corruption around the world.
Understand anti-money laundering rules
Get the most recent updates to Canada’s anti-money laundering regime, understand the consequences of non-compliance and find out what to expect from a FINTRAC examination.
Says Wood-Tweel: “The updates set out a number of circumstances in which CPAs engaged in activities covered by the legislation need to verify the identity of the persons or organizations with whom they are dealing, as well as what they need to report and how. Non-compliance can lead to administrative penalties and much more.”
SUSTAINABILITY
All you need to know from the inauguration ceremony for the ISSB’s Montreal centre
At the inauguration of the International Sustainability Standards Board (ISSB) centre in Montreal, that organization’s CEO Emmanuel Faber and Pamela Steer, president and CEO of CPA Canada, talked about the great strides that have been made and discuss next steps.
The role for CPAs on the path to net zero
Canada aims to reach net-zero emissions by 2050 and experts agree that this objective can only be achieved if CPAs contribute now, particularly by helping to establish strong governance.
To delve deeper into the topic, check out this video about the International Sustainability Standards Board’s mission, its first proposed standards and important Canadian sustainability related standard-setting and regulatory developments.
FINANCE AND ECONOMY
What to know about the First Home Savings Account
The federal government has announced the creation of a tax-free savings account for the purchase of a first home. Read about the basics, benefits and features of this account, which will allow first-time home buyers to save up to $40,000 tax-free.
Explore the latest economic landscape
This past spring, CPA Canada launched a new series of Economic Briefings by David-Alexandre Brassard, CPA Canada’s chief economist. In the first issue, he deals with the labour market and inflation.
KEEP LEARNING
For more inspiration, check out our other resources for areas such as sustainability and technology as well as our complete repertoire of courses and webinars. If you’re interested in evolving technological and social business changes, including their effect on the accounting profession, season three of Foresight: The CPA Podcast is now available.