ISSUE NO. 152
April 2008 / May 2008 Published by The Institute of Chartered Accountants of Manitoba
MRA with US and Mexico Renewed
epresentatives from the Canadian,
American and Mexican governments
attended a special signing ceremony
in Alexandria, Virginia as Canada's CAs, the
Certified Public Accountants (CPAs) from the
United States and Mexico's Contadores Públi-
cos Certificados (CPCs) renewed their
Professional Mutual Recognition Agreement.
"Mutual recognition agreements like this
help eliminate borders and promote the
mobility of highly skilled and qualified profes-
sionals - which is a win for everybody," said
Kevin Dancey, FCA, President and CEO of
the Canadian Institute of Chartered Accoun-
This accord is a five-year extension of the
first-ever mutual recognition agreement
Officials from leading North American accounting bodies sign historic mutual recognition agreement near Wash-
among professional designations consistent ington. (far right) Kevin Dancey, CICA President and CEO.
with the North American Free Trade Agree-
ment (NAFTA). It was originally signed in trained professionals are attracted to our and Wales, Scotland, Ireland, France, Bel-
2002 and ratified by the NAFTA Free Trade country. We also benefit from the internation- gium, Netherlands, Hong Kong, Japan,
Commission. al experience gained when Canadian Australia, New Zealand and South Africa.
"Forging international agreements helps professionals work abroad," Dancey said. These agreements recognize professionals
position Canada to succeed in today's increas- Canada's CA profession has similar mutual who have education and experience qualifica-
ingly global economy. Canadian business and recognition agreements with other leading tions substantially equivalent to those of
the economy benefit when skilled foreign- institutes around the world, including England Canadian CAs.
SPRING PD PROGRAM
Excellence in Governance – IFRS – A Comparison to Accounting for Financial
Basics to Benchmarks Canadian GAAP Instruments – Level 1
May 28, 2008 May 29, 2008 May 30, 2008
This one day workshop provides the oppor- This presentation will explain and illustrate This seminar will review the CICA Hand-
tunity to learn about and work through the the effects of the major differences between book revisions with respect to financial
basics of good governance and best practices Canadian GAAP and IFRS on corporate instruments, hedges, and comprehensive
in governance. The seminar will cover the financial statements, describe the context in income. The course content is in two parts:
basics of governance, the role of the Board, which IFRS are developed, and review the Part 1 – Web-based self-study, and Part 2 –
Directorship, priority Board Work and value- IASB-FASB convergence plan and IASB Classroom. Participants must complete Part
added Committees. active agenda items. 1 before attending Part 2.
Full course descriptions and registration information online at www.icam.mb.ca >
Professional Development > Seminar Registration.
Committee Strengthens Member
-Established last year, the role of the Mem- and identify the appropriate presenter appropriate accounting frameworks for
bership Linkages Committee is to review and from the pool. Volunteers would be private entities with significant external
identify ways for Council to maintain rela- supplied with training, presentation users and for private entities without
tionships with members in order to ensure material, recruiting brochures and/or significant external users
that Council is effectively representing the briefing notes
ownership of the Institute. • Making better use of MB Check-Up as a
This group has been involved as a task • Providing firms with additional informa- promotional tool for the profession
force in member outreach activities over the tion on the recently implemented co-op
past few years such as the member satisfac- program introduced at the U of M Membership Linkages Committee
tion survey conducted in November 2005 The specific responsibilities of this Commit-
and town hall meetings and focus group ses- • Continuing to promote CASB as a dis- tee are to:
sions to obtain feedback on proposed tance learning format and an option for • consider various means to obtain input
changes to the CA student certification pro- students who want to move to rural and feedback from the membership;
gram in 2006. Manitoba immediately after completing • identify ways to regularly and effectively
More recently, members of the group their four year university degree communicate with membership on the
were involved in the Rural Roundtable ses- work of Council; and
sion of the ICAM Beyond the Perimeter • Continuing work on the development of • where appropriate, carry out certain
Conference which was held at Elkhorn a national program to bridge from for- activities on behalf of Council to
Resort in September 2007. During the eign designations and other professional strengthen linkages with membership of
Roundtable session, more than 30 small and accounting bodies to the CA profession the Institute.
mid-size firm practitioners discussed issues
affecting them in their practices and the pro- • Becoming more proactive in linking can- Committee Members
fession in general. didates who are unsuccessful subsequent Ian Seymour (Chair)
Over the next several months, the Com- to the initial recruiting process with Catherine Kloepfer
mittee plans on conducting a series of focus firms that are still in need of students Dave Loewen
group meetings with various segments of the Doug Tkach
profession. Plans are currently in place for • Improving communication to members Bob Wall
focus group sessions with members in indus- regarding their ability to post job oppor- Gary Hannaford (Staff Liaison)
try and the public sector, members in public tunities and to students regarding their
practice and rural members. ability to seek job opportunities on the
Watch upcoming editions of Folio for
reporting on initiatives developed in response
ICAM and CASB websites outside of
the normal fall recruiting process In Memoriam
to the feedback received during the various
focus group meetings. • Supporting the education of lenders on We record with regret the passing of:
the differences between the various
Member Linkages Activities and assurance and non-assurance services John David Bilsland
Initiatives provided by CAs in public practice (Member 1962)
• Enhancing the identification and nurtur- Passed Away March 15, 2008
ing process with students in high - Update the "Understanding Reports
schools through additional career pre- on Financial Statements" publication Norman Allan Stern
sentations in schools that explains the key differences (Member 1975)
between audits, reviews and compila- Passed Away March 25, 2008
- Develop a pool of members who are tion engagements once the
willing to go back to visit their former International Standards of Auditing John Charles Tarrant
high schools to speak about their relating to audit reporting are adopted (Member 1954)
careers ("local success stories") Passed Away January 2008
If members are interested in becoming - Hold a free half-day session for
involved in this initiative, please contact lenders in Manitoba to explain the
Shirley Sommer at the Institute. differences in the various engage-
ments. This session will also address
- Pursue additional high school visits the decisions made regarding the
Olfert New CASB Chair
Opportunity Manitoba CA Richard Olfert was appointed
Chair of the CASB Board April 1, 2008.
"Richard’s experience, in particular his
Accounting Association chairing the Board of Examiners when the
Annual Conference UFE was changed to competency-based eval-
uation, makes him ideally suited to chair the
May 30-31, 2008 CASB Board ," said Gary Hannaford, FCA,
CEO of the Manitoba Institute.
Interchange - Friday May 20 Richard is the Office Managing Partner in
the Winnipeg office of Deloitte and is also a
The Canadian Academic Accounting member of the Board of Directors of
Association (CAAA) is holding its Deloitte - Canada and has chaired its Finance
2008 national annual conference in Committee since July 2006. Richard Olfert, FCA
Winnipeg. Currently, he serves as Board member and
One of the key attractions of this Treasurer of CentreVenture Development Board of Evaluators (2001-03). During his
year's conference is a series of work- Corporation and as a member of the Adviso- tenure as chair, he led the profession's nation-
shops by the CICA on the ry Board of the Province of Manitoba 's Civil wide initiative to introduce competency based
implications of the adoption of Inter- Legal Services Special Operating Agency. He evaluation in the UFE.
national Financial Reporting also chairs the Board of Directors of Men- Richard obtained his B. Comm. Honours
Standards (IFRS) for Canadian nonite Brethren Collegiate Institute, and is from the University of Manitoba. He wrote
accounting. chairing that school's capital fundraising cam- the UFE in 1986 and was awarded the
The CAAA has organized sessions paign. Bronze Medal for Manitoba that year. He
for Friday, May 30, that will be of Also involved in the profession, Richard received his CA designation in 1988 and his
interest to both practitioners and edu- served as chair and past-chair of the CICA's FCA in 2003.
Members of the professional
accounting community may register
for and attend both days of the con-
MacKinnon CICA Vice-Chair
ference or to pay a reduced
registration fee to attend the Friday The CICA recently announced that former
sessions only. Winnipegger William A. MacKinnon, FCA,
Conference participants are also will become the Institute's Vice-Chair in Sep-
welcome and encouraged to attend tember 2008.
the concurrent research and education "The Board is looking forward to having
sessions which will be running Bill MacKinnon bring his extensive profes-
throughout the conference. sional experience to the role of Vice-Chair,"
More information on the confer- said Alain Benedetti, FCA, CICA Board
ence and registration is available at Chair.
www. caaa.ca. "The knowledge gained throughout his
Only a limited number of space is career certainly positions Bill to play a vital
available so please register early. role in helping the profession face any chal-
lenges that lie ahead," Benedetti said.
Date: May 30-31, 2008 William MacKinnon, FCA will become
For the past nine years, MacKinnon has Vice-Chair of the CICA in September.
Location: Fort Garry Hotel fulfilled the role of Chief Executive Officer
Full Conference* Fee: $590 for reg- with KPMG Canada. partner for a number of major accounts. He
istrations received by April 22, Originally from Winnipeg, he completed presently is the client relationship partner for
$690 after April 22 his B. Comm. Honours degree at the Univer- accounts such as the Bank of Nova Scotia,
*prices include the Saturday gala sity of Manitoba in 1967, achieved his CA Rogers Communications Inc., Celestica Inc.
designation in 1971 and was appointed a Fel- and ONEX Inc.
Friday Only Fee: $250 for registra- low of the Institute of Chartered Accountants MacKinnon's two-year term as the CICA
tions received by April 29, $350
of Ontario in 1994. Vice-Chair will commence following the
after April 29
Since becoming a partner at KPMG in Annual General Meeting to be held in Sep-
1977, MacKinnon has been the engagement tember.
AcSB to Consider a Simplified GAAP for
The CICA released Framework For Owner- ICAM believes the ideal solution is an profit organizations.
Managed Enterprises (FOME) last approach that allows for two reporting mod- It is important that any solution devel-
November 2007 and requested comments by els under GAAP - IFRS for publicly oped be timely and relevant to the market it
January 31, 2008. accountable enterprises and another compre- serves. The Manitoba Council conveyed these
To support member understanding of the hensive and self-contained simplified views to the AcSB and urged it to complete
initiative, the national and provincial insti- framework for all non-publicly accountable its deliberations quickly. We will continue to
tutes conducted wide-ranging consultations entities, potentially including many not-for- update members as work progresses.
and presentations in December and January.
The events were extremely well attended
and generated a tremendous response, includ-
ing close to 300 letters of comment (letters
CICA Helps Small Issuers
can be viewed at CICA's website).
Members provided thoughtful feedback, Build a Better MD&A
providing substantive input on approach or
content. The feedback showed widespread Canada's chartered accountants are helping "how-to guide" offering many practical sug-
support for the framework. Most members smaller public companies maximize the use- gestions for small public companies.
also expressed common views on a number fulness of their disclosures to investors. "In an era when the bar is continually ris-
of issues, including: CICA has developed a special guide ing on the quality of corporate disclosures,
aimed at enhancing investor communications how a company reports to shareholders can
• Considerable support for GAAP for all through improved reporting. The guide urges have a major impact in its reputation," says
private enterprises, initially based on companies to consider management's Discus- Pollard. "Clearly written, informative, and
FOME or a Handbook derivative that sion and Analysis (MD&A) as a key timely disclosures can build investor confi-
would be both simplified and self-con- communications vehicle to investors and not dence and management credibility."
tained; simply a regulatory compliance document. The guide entitled "Building a better
• A general desire to avoid multiple "In today's environment, investors turn to MD&A - a guide for smaller issuers," is
GAAP solutions for the various sectors the MD&A to learn the story behind the mainly directed at smaller issuers, but it may
of non-publicly accountable enterprises numbers," says Dave Pollard, CICA vice- prove useful to companies of any size. The
and, more specifically, little or no sup- president, knowledge development. "A well guide can be found on the CICA website at
port for different standards for private done MD&A provides the context investors www.cica.ca.
companies with significant external users need to better understand the company's per-
of their financial statements and those formance and prospects." Originally published in the January/February issue
without significant external users. The CICA document is an easy-to-follow of CAmagazine.
Earlier in the year, the Accounting Stan-
dards Board (AcSB) had issued an Invitation
to Comment on three proposed GAAP
options for non-publicly accountable enter-
Implementation of International
prises with significant external users.
The AcSB has now decided to discuss a
Auditing Standards in Canada
possible simplified form of GAAP for all
non-publicly accountable enterprises and has The upcoming Canadian Auditing Standards (CASs), which are based on the Inter-
indicated that it will consider the comments national Standards on Auditing (ISAs), will take effect for financial statement periods
received on FOME as part of this process. commencing December 15, 2009.
CICA is pleased with the AcSB's decision A number of these changes, such as the new form of audit report, represent a
to consider the feedback received from all significant change from current standards.
respondents. This is consistent with the Fore- In March, 2008, the Auditing and Assurance Standards Board released a publica-
word to FOME released last November in tion, Adopting International Standards on Auditing (ISAs), that provides information
which the CICA indicated that it would about the transition to CASs. This publication can be downloaded from the News &
strongly support the AcSB adopting a simpli- Updates section of the AASB's website at www.aasb.ca.
fied financial reporting model as Canadian
GAAP for owner-managed businesses.
Adopting IFRS in Canada
As a member of Canada's leading accounting assess the impact (42%) or are in the process of IFRSs in Canada could create inappropriate
designation, you need to know about Interna- assessing the impact (30%). results.
tional Financial Reporting Standards. Remember that the IFRSs contained in the
Whether you are actually using IFRSs or Exposure Draft Available for Download Exposure Draft have already been through the
simply tracking Canada's transition to the glob- Adopting IFRSs in Canada, the Accounting IASB's thorough due diligence process, and are
al accounting language for publicly accountable Standards Board's Exposure Draft on IFRSs, is developed with the global economy in mind.
enterprises, the information and resources you available for download from the AcSB. The Second, the Exposure Draft provides:
want are just a click away. AcSB is releasing the Exposure Draft as part of • A starting point for members to become
Transition to International Standards its due process in the 2011 transition to IFRS. engaged in the IFRS learning process
(www.cica.ca/IFRS) is the CA profession's The comment deadline is July 31, 2008. • Valuable insights into the changes that
one-stop IFRS resource. Accessible through Adopting IFRSs in Canada includes: will accompany the implementation of
the websites of CICA and the CA provincial • an electronic version of the 2007 bound IFRS
and Bermuda institutes, this site developed by volume of International Financial Report-
Canada's Chartered Accountants provides CAs ing Standards (IFRSs) Helping you prepare for the transition to
and other business leaders with up-to-date • a Highlights section providing back- IFRS, CICA is working on a series of informa-
information and resources to help make the ground and requesting comments in tion and educational projects aimed at helping
transition to IFRS easier. specific areas members and Canadian businesses get ready
• an Appendix by the AcSB, which pro- for IFRS.
Very Few Ready for Changeover to IFRS vides readers with an approach to • CICA and the provincial institutes of
According to CA Survey reviewing the IFRS chartered accountants across Canada are
A total of 550 senior executives in Canadi- developing a comprehensive range of
an companies were surveyed by the CICA in If you haven't already done so, Adopting training programs to help you prepare for
March 2008 and all are Chartered Accountants. IFRSs in Canada provides the perfect opportu- the transition to IFRS. These training pro-
Just over half surveyed indicated their company nity for you to begin to familiarize yourself grams will range from short, web-based
will need to adhere to IFRS. Among those with the new standards and determine their rel- self study units that you can download at
executives only 8% have either started (4%) or evance to you and your organization. your convenience, to intense, multi-day in
completed (4%) the conversion process. depth training sessions
Almost three-in-four have either not started to CICA Reader's Guide Makes Review Easy • CICA is working with the Globe and Mail
To help wrestle the 2,400-page Exposure and Les Affaires to publish a series of arti-
Draft to the ground, the CICA has prepared a cles that offer insights into best practices
Getting Ready Reader's Guide to help you identify what to
focus on and which standards you can safely
for members in making the transition to
for IFRS? ignore at this point since they will change. Go
to www.cica.ca/IFRS to download your copy.
• Teaming up with The International
Accounting Standards Committee (IASC)
If you are employed by a publicly The IFRSs apply to Canadian publicly Foundation, CICA co-sponsored the
accountable entity, or if you audit a accountable enterprises. A definition of Pub- IFRSs Conference - North America fea-
publicly accountable entity, and are licly Accountable Enterprises is included in the turing presentations by Sir David
not sure how and when and what you Highlights section of the Exposure Draft, and Tweedie, chair of the International
need to do to get started on your tran- comments on it are encouraged. In general, Accounting Standards Board, and other
sition to IFRS, you will find the these are profit-oriented enterprises that have IFRS experts
following sources of assistance useful: responsibilities to a large or diverse group of • To help raise awareness of Canada's
• CICA's Transition to International stakeholders and can include: upcoming transition to IFRS, the CICA
Standards website: • Publicly listed companies also sponsored a presentation at the
http://www.cica.ca/3/9/2/7/9/ind • Enterprises with fiduciary responsibilities, Empire Club featuring Sir David Tweedie
ex1.shtml such as banks, insurance companies, cred- on April 25.
• CAMagazine, April 2008, includes it unions, securities firms, mutual funds
various articles regarding the transi- and investment banks There will be some changes to the IFRSs
tion process and key dates. • Certain government corporations between now and 2011; all these changes will
be released as exposure drafts as part of the
The goals of the Exposure Draft are AcSB's due process. Go to the CICA's IFRS
twofold. First, to get comments, specifically on website at www.cica.ca/IFRS to access com-
the proposed definition of publicly accountable prehensive IFRS resources and to keep up to
enterprises, and on whether the application of date on these drafts as they are issued.
Annual General Meeting & Professional Development Day
June 12, 2008 - Winnipeg Convention Centre
2008/2009 PD Passport Valid
PD Breakfast: Duties and Liabilities for Directors & Officers - What All Board Members Should Know
8:30 a.m. - 10:30 a.m. - Lisa Stiver, Partner, Thompson Dorfman Sweatman LLP
AGM: Annual General Meeting of The Institute of Chartered Accountants of Manitoba
11:00 a.m. - 11:45 a.m.
Luncheon Keynote: AGM Luncheon with Keynote Speaker
12:00 p.m. - 1:30 p.m.
Concurrent PD Sessions: Accounting & Financial Reporting in Buying, Selling and Dying with Vacation
1:30 p.m. - 4:00 p.m. Canada - An Overview of What is to Come Property in Canada and the U.S
- John Kelly, FCA, Partner, - Brian Janzen, CA, Senior Tax Manager,
Scarrow & Donald LLP Deloitte & Touche LLP
- Maria Snelgrove, CA, Senior Manager,
Deloitte & Touche LLP
PD Breakfast: (2 hours eligible PD, includes continental breakfast)
Duties and Liabilities for Directors & Officers - What All Board Members Should Know
CAs and other professionals are often asked to join share corporations and not-for-profit organizations as directors and/or
officers. Although this can be a professionally and personally rewarding experience for the CA, these governance roles
come with certain obligations and may attract specific liabilities. This seminar offers a summary of the duties and obliga-
tions of directors and officers, as well as some precautions that should be taken by CAs in order to maximize their
contribution to the organization while minimizing their exposure to liability. The goal is to provide sufficient information
so that participants can make informed decisions about becoming involved in organizations as board members or officers.
Choose 1 of 2 Concurrent PD Sessions for the afternoon! (2.5 hours eligible PD)
Accounting & Financial Reporting in Canada - An Overview of What is to Come
The objective of this seminar is to provide members with an overview of the following:
• International Financial Reporting Standards (IFRS) and IFRS convergence in Canada for publicly accountable enter-
prises. The major differences and similarities between Canadian GAAP and IFRS will be discussed;
• the status of the various initiatives relating to the establishment of financial reporting standards for private enterprises
in Canada; and
• the strategy to address the financial reporting needs of the not-for-profit sector.
Buying, Selling and Dying with Vacation Property in Canada and the U.S
This seminar will address the various tax implications to consider when contemplating the purchase of a vacation prop-
erty in Canada or the U.S. such as:
• structures available
• generation of rental income and eligible expenses
• consequences of selling
• consequences upon death
This session will also cover Canadian principal residence rules and U.S. estate rules.
A registration form is included with the mailing of Folio - sign up today!
The Manitoba CA / Blue Cross Health Plan Available to all Members*
The next enrollment date is July 1st, 2008. Members leaving an existing plan can enroll immediately. Contact our broker, Pierre Morier at
985-1222, fax 985-4351, email firstname.lastname@example.org or go to www.morierbenefits.ca for more information or an application form.
* Members actively working 24 hours / week and who are 70 years of age or under.
Online Access to Your Business Tax Accounts
Businesses now have access to online services contact information, review tax account vendor will be reviewed. This service is pro-
and their Manitoba tax accounts with the activity for the last 24 months, register for vided to help new vendors apply sales tax
launch of a new web service called TAXcess. retail sales or payroll tax and apply for a correctly when they commence their busi-
Through TAXcess, businesses can file motive fuel, gasoline or tobacco tax licence. ness.
retail sales tax and payroll tax returns, pay TAXcess is simple, secure, available 24
retail sales, payroll, corporation capital, gaso- hours a day, seven days a week and is part of Corporation Capital Tax General Rate
line and motive fuel taxes through Manitoba's strategy to provide the business Reduction
pre-authorized payment, update business and community with single-window service deliv- Effective for fiscal years commencing after
ery. January 1, 2008 the corporation capital tax
Businesses can visit the website at general rate reduced from 0.5% to 0.4%. This
www.manitoba.ca/TAXcess to sign up for rate reduction is the first phase in the com-
TAXcess or call 204-945-5603 or toll-free in mitment to eliminate the general corporation
Manitoba 1-800-782-0318 for more informa- capital tax as of December 31, 2010.
tion. Corporations with year ends commencing
after January 1, 2008 should reduce their
New information service quarterly corporation capital tax instalments
Effective January 1, 2008, the Taxation Divi- by 20% to reflect the lower tax rate.
sion introduced a new information service for Information on the New Vendor Call
Beginning in May 2008, staff from businesses that register as a retail sales tax program or Corporation Capital Tax is avail-
the Charities Directorate will be vendor. All new vendors will be contacted able at www.manitoba.ca/finance/taxation or
visiting communities across the (shortly after they register) and the applica- call 204-945-5603 or toll-free in Manitoba
country to provide Charities Infor- tion of sales tax and their responsibilities as a 1-800-782-0318.
mation Sessions for registered
The Charities Information Ses-
sions (previously known as
Roadshows) are informative and Consultation on
cover a number of topics. They are
aimed at everyone working for, or Extended WCB Coverage
with, a charity - whether as a vol-
unteer, a Treasurer, a Board In 2005, the Manitoba Government made a public commitment to extend workers com-
Member, or an officer of the chari- pensation coverage following consultation with affected employers and workers.
ty. Phase I of extended coverage came into effect on January 1, 2007 when some 46,000
This is also a great opportunity previously excluded Manitoba workers came under the Workers Compensation Board
to meet staff from the Charities umbrella.
Directorate, to ask questions and In Manitoba, accounting, auditing, tax preparation and bookkeeping are among the
to share information with other industries that are currently excluded from workers compensation coverage, although
charities. coverage is available on a voluntary basis. In several other provinces, such coverage is
The spring sessions will be mandatory.
delivered in May and June. The fall The WCB is now in the process of undertaking Phase II of the consultation process
sessions will be delivered in Sep- and it is our understanding the WCB is reviewing the possibility of extending coverage to
tember, October, and November. all previously excluded industries, including accounting, financial and business services.
The sessions are free and the The WCB has invited comments from affected employers and workers by May 1,
CRA encourages all charities to 2008. The Institute has provided a submission opposing the extension of coverage to the
send representatives. Don't miss accounting, financial and business services sector.
out on this great opportunity. It is the Institute's position that workers in this sector are at a low risk of workplace
If you are interested in register- injury and are currently very adequately covered under existing benefits packages, some
ing or in finding out more about of which have been developed specifically to address the needs of those who work in this
the Charities Information Sessions, sector.
go to www.cra-rc.gc.ca/tax/chari- For more information on the extension of coverage consultation document and a
ties/sessions/menu-e.html. copy of the Institute's submission, please visit the Institute's website at www.icam.mb.ca.
Seventh Annual Curling Bonspiel
This year's winners of the Deloitte & Touche trophy are
Bob Walker (skip), Joy Walker, Tim Walker and Christopher
Lippens. This is the third year in row that a team with Joy,
Christopher and Bob have taken home the bonspiel trophy.
Bonspiel Winners (l-r): Joy Walker, Tim Walker, Christopher Lippens and Bob Walker
with the Deloitte & Touche Trophy.
Bonspiel Runners up (l-r): Alex Watt (skip), Ken Green, Aideen Nash,
PD Passports On SALE Now!
No price increase from last year! Valid for the 2008 AGM & PD Day, the 2008 Spring
Program and the 2008 - 2009 Fall / Winter Program.
Buy Early & Save!
The Personal Passport
Offers the convenience and flexibility of 5 seminar days (any combination of ½ day, full
day and two day sessions).
• Member Pricing: $750 on or before October 10
$900 after October 10
• Non-Member Pricing: $1,000 on or before October 10
$1,055 after October 10
The Corporate Passport
Allows you or others in your organization 9 seminar days (any combination of ½ day, full
day and two day sessions).
$1,900 on or before October 10
$2,000 after October 10
New! The Mini Passport*
Offers the convenience and flexibility of 3 seminar days (any combination of ½ day, full
day and two day sessions.
$250 on or before October 10
$300 after October 10
*The Mini Passport is only available to members who are exempt from paying fees or are
paying reduced fees.
Member CPD records will automatically be updated for all ICAM PD
Note: If you require accommodations, all CAs receive preferential rates at the Fairmont
which is in close proximity to the Institute and the CA Learning Centre.
2008 Member Recognition Awards
Nominate a colleague today that you feel in his or her professional, community or given outstanding service to it:
deserves to be recognized for his or her out- other volunteer involvement • in the course of their career
standing service to the profession and the • exemplary work performance • in voluntary service
community. Last year's recipient was Cade Arason. • in the work of the Institute, CICA or
Members of the Manitoba Institute are another provincial Institute
eligible to be nominated for the Early The Community Service Award • in other areas of professional endeavour
Achievement Award, the Community Service This award recognizes CAs for their out- such as research, teaching, and commu-
Award, the FCA designation, and the Life- standing contributions to community service nications, including writing (books,
time Achievement Award. or volunteer organizations. articles, reviews, etc.), public speaking;
The recipients for 2007 were Henry Rien- and electronic media.
The Early Achievement Award deau and Curtis Steiman. Last year, André Couture, William Eamer,
This award recognizes CAs who, within the Saul Greenberg, Richard Pope, and Richard
first ten years since passing the UFE, demon- The FCA Designation Potter received their FCA designation.
strate: The FCA designation recognizes CAs who
• an ongoing commitment and excellence have brought distinction to the profession or The Lifetime Achievement Award
This award recognizes sustained distinction in
service to the profession, a career, or commu-
nity achievement which brings honour to the
NEWS of MEMBERS profession throughout one's lifetime.
Only one Lifetime Achievement Award
Welcome to New Member Retired Members may be presented annually. In some years, if a
Admitted by Examination The following members (year of designation shown in worthy candidate is not identified, the Award
Cheryl Marie FADERON brackets) retired and were granted a partial or will not be presented.
exemption of membership fees. Last year's recipient of the Lifetime
Arthur Robert ANTENBRING (1969) Achievement Award was Gordon Webster.
Welcome to Readmitted Member
Gordon Reed BAKER (1963)
Oskana Fodor The Nomination Process
Jerome Massey BRESLAW (1963)
Please note that members who move to Nomination forms are available at
another province or territory in Canada or Freddie Martin COOPERMAN (1979) www.icam.mb.ca or by contacting the Insti-
Bermuda, obtain membership with that Insti- Murray Raymond DICKSON (1970) tute at 942-8248 or email@example.com.
tute of residence and do not wish to retain Peter DUECK (1975) Nominations should be addressed to the
Manitoba membership are required to advise Chair of the Honours and Awards Commit-
Peter Stephen ECKERSLEY (1978)
the Manitoba Institute in order to avoid sus- tee. Nominations should be received at
pension or termination of membership in Murray Allan GRANT (1974) the Institute by June 13, 2008.
Manitoba. Charles Alexander HEBERT (1967) The nomination process is confidential.
Richard George HESTER (1979) The Committee also considers information
Resigned in Good Standing the Institute has on file regarding members'
Robert Clarke JAGGER (1966)
volunteer and other professional activities.
In most cases, members who resign no longer reside in Rees Merthyn JONES (1968) The election of a member requires a two-
Manitoba and hold membership in another provincial
Serena Helen KRAAYEVELD (1974) thirds vote by the Council. Nominations are
David Stephen LINES (1966) considered based on the recommendations of
Robert Wesley FORBES the Honours and Awards Committee.
Member 1971 Gerald Wayne MCCALLUM (1969)
(Residing in Winnipeg) David Helmer Anker OLSEN (1978) Award Presentation
Kimberley Dawne MCCALLUM The presentation of all of the awards and the
Richard Walter SEABROOK (1964)
Gary Tamarin STEIMAN (1958) FCA certificates will be made at the Annual
(Residing in Winnipeg)
Member Recognition Dinner on Thursday,
Frederick John PHILLIPS Lawrence Lloyd UNRYN (1972)
November 6, 2008, at The Fairmont Win-
Member 1989 Felix Chun King WANG (1979) nipeg.
(Residing in Saskatoon, SK)
Bruce Garnet WATSON (1973)
Brian Nelson WEBSTER
Member 1970 John Buddy WIENS (1973) Nominate a deserving
(Residing in Auckland, New Zealand) John William VOTH (1975)
Here and There With Members
Often, we do not receive members' address and employment changes until the members report Ernst & Young k.s. in Bratislava, Slovak
them on their annual membership fees notice. Although this may be "old news" to some of you, Republic.
now that we have been advised we would like to share it with you.
(Unless otherwise noted, members are resident in Winnipeg.) JOHANNSON, Scott R.M. (2002) formerly
with Meyers Norris Penny LLP is now
ALLISON, Bryan R. (1991) previously with UBS Fund Services (Cayman) Ltd. in the Manager, Financial Services, with OnBusi-
Crown Construction Equipment is now Cayman Islands is now Vice President & ness Solutions.
with Associated Proteins LP. Director with Tamarack Capital Advisors
Inc. in Winnipeg. KLIEWER, Jonathan A. (2002) is now
AMES, Christopher C. (1996) previously with Senior Associate with Canterbury Park
Newalta Corporation is now Senior Con- FRIESEN, Kendall M. (2003) is now Management Inc.
troller of Operations with Precision Accounting Analyst with the Canadian
Drilling in Calgary, AB. Wheat Board. KOWALISZYN, Lorianne T. (2007) is now
Consolidation Accountant with the Win-
BRAKEL, Robert S. (2000) formerly with GARBOLINSKY, Cory A. (1998) formerly nipeg Regional Health Authority.
Kraus McMahon is now Controller with with Alcatel Canada is now Director of
General Scrap Partnership. Finance with International Datacasting KOSTENCHUK, Daniel C. (2007) previous-
Corporation. ly with Craig & Ross is now Assistant
BROWN, Colin D. (1997) has left Open Controller, Treasury, with James Richard
Solutions to accept the position of Chief GIESBRECHT, Kelly J. (2000) previously International.
Financial Officer with Stormtech Perfor- with Grant Thornton LLP is now with
mance Apparel in Burnaby, BC. Giesbrecht Financial Services. LAGIEWKA, Kyle J. (2007) has accepted the
position of Controller with Winnipeg Air-
CLEGG, Ian L. (2005) previously with GRANELLI, John M. (1980) is now with ports Authority Inc.
Investors Group is now with Manitoba Abrahamse Berkis Pinto & Associates in
Hydro. Toronto, ON. LAPCHUK, Charles N. (2003) is now Chief
Financial Officer with Lodgepole Energy.
COCHINGYAN, Alice M. (1991) has HARRISON, Richard C.R. (1990) formerly
accepted the position of Director, Internal with Scottish Re Group Limited in Hamil- LECOCQ, Vance F. (2006) has transferred
Audit, at the Workers Compensation ton, Bermuda, is now Senior Vice with Grant Thornton LLP to Calgary, AB.
Board. President, Deputy Treasurer, with Scot-
tish Holdings Inc. in Charlotte, North MARTIN, Michael J. (2006) formerly with
COLE, Darlene K.V. (2003) is now with Carolina. Hudbay Minerals Inc. is now Controller
Acklands-Grainger Inc. with Q1 Production Technologies.
HASIUK, Helen J. (2007) previously with
CZIFFRA, William S. (2007) formerly with Deloitte & Touche LLP is now Manager, MASSICOTTE, Andre (1987) previously
Deloitte & Touche LLP is now with the Accounting Standards, with the Province with Color Ad Packaging is now with
Office of the Auditor General in Ottawa, of Manitoba, Department of Finance. Exclusive Carpets Ltd.
HEINRICHS, Brian W. (1998) recently MASSON, Karyn A. (2002) previously with
DRIEDGER, Jacqueline N. (2008) has received the George Baxter Achievement Shindico is now Associate Manager, Inter-
accepted the position of Senior Accoun- Award from the Institute of Chartered nal Audit, with The Great-West Life
tant with The Puratone Corporation in Accountants of Saskatchewan. It is award- Assurance Company.
Niverville. ed to young CAs who have demonstrated
excellence in innovation or remarkable MCINNES, Robert R. (1959) has established
EAMER, William G. (1975; FCA 2007) was accomplishment in professional, civic, his own company, Robert McInnes Tax
recently granted the designation of Hon- charitable, community or other service in Services in Port Hope, ON.
orary Member by the Council of the their career or to the field of accounting
Manitoba Pharmaceutical Association in within the province of Saskatchewan. MCMULLEN, Sheryl J. (1995) is now Vice
recognition of his service to the profes- Congratulations, Brian! President, Finance and Administration,
sion of Pharmacy. with Calgary Municipal Land Corporation
JAKUBEK, Stanley G. (1995) is now Coun- in Calgary, AB.
FRANKLIN, M. Brett (2001) previously with try Managing Partner, Head of Tax, with
Here and There cont’d
MONCUR, Lee N. (2006) has recently trans- is now the Accounting Manager at the & Finance, with Inventronics Ltd.
ferred from Brandon to Grande Prairie bebe Stores, Inc., in Brisbane, California.
with Meyers Norris Penny LLP. YOUNG, Debra A. (2002) recently left
SCHANEL, Melony D. (2001) formerly with Medicare to accept the position of Finan-
NERO, Kenneth J. (1992) previously with Civil Service Superannuation Board is cial Analyst with Winnipeg Regional
the City of Winnipeg is now Audit Man- now Controller - Pension & Benefits Pro- Health Authority.
ager with Hemenway Silver. gram, with Winnipeg Civic Employees'
Benefits Program. ZNAMIROWSKI, Randall (1987) is now
NEUDORF, Janna M. (1995) formerly with Chief Financial Officer and Manager of
Grant Thornton LLP is now with Ernst & SHAH, Archit (2001) is now Global Con- Administration with the Rural Municipali-
Young LLP. troller with The Orchard in New York, ty of Springfield.
NICKEL, Robert H. (2006) has transferred
with PricewaterhouseCoopers LLP to SLATER, Lynn-Joy (2006) previously with NOTICE OF TERMINATION
Melbourne, Australia. KPMG LLP is now Accounting, Manager,
with CanWest Global Communications In accordance with bylaw 333 Hans
NIMETZ, Sheldon K. (2002) previously with Corp. Hasenack was terminated from mem-
Viterra is now Controller with AAA bership status in the Institute by reason
Alarm Systems Ltd. SOBKOWICH, Samantha J. (2002) is now of failure to file the Declaration as to
with Brevan Howard Asset Management Professional Liability Insurance.
NORMANDEAU, Francis C. (1998) is now in London, England.
Assistant Manager Operations and Man-
agement Services with Fédération des SOUSA, I.P. (Leo) (2003) formerly with
Caisses Populaires du Manitoba. BDO Dunwoody LLP is now Senior
Finance Manager with Comer Group
OKABE, Kevin E. (1993) formerly with Industries Inc.
Grant Thornton LLP has accepted the A.K. Green (1971) deregistered his firm Ken
position of Chief Operating Officer with SPRAGUE, Trevor R. (1997) previously with Green Chartered Accountant Ltd. from
Norfolk Mobility Benefits, part of the PricewaterhouseCoopers LLP is now a the practice of public accounting.
LCF Rothschild Group in Calgary, AB. Tax Partner with Meyers Norris Penny
LLP. The registered professional corporate name
OLAFSON, Paul D. (1989) accepted the Kim Goolia Chartered Accountant Inc. is
position of Corporate Controller with the THORVALDSON, Kevin S. (1995) recently now the registered as the full-time practice of
City of Winnipeg. left Winpak Ltd. to accept the position of public accounting. Consequently, the practis-
Director, Corporate Financial Reporting, ing firm name of Kim Goolia, Chartered
PALMER, Robert J.J. (1999) previously with with IMRIS Inc. Accountant, was deregistered.
Molson Canada in Toronto is now Vice-
President, Controller, with WestJet TRAN, Mimi C.B. (2005) previously with The practising firm Hans Hasenack, Char-
Airlines Ltd. in Calgary, AB. KPMG LLP is now Senior Analyst, Tax tered Accountant, was involuntarily closed
& Treasury, with Saxon Energy Services as a result of the membership termination of
PLOEGMAN, Kevin P. (2004) formerly with Inc. in Calgary, AB. the firm's sole practising member.
Deloitte & Touche LLP is now with Side-
Track Technologies. TRINH, Vinh P. (2007) is now Fund The practising firm name Haugen Morrish
Accountant with UBS Fund Services Angers, Chartered Accountants to HMA Char-
ROSS, Kenneth J. (1976; FCA 1992) previ- (Cayman) Ltd. in Grand Cayman, Cayman tered Accountants LLP.
ously with Pauwels Canada Inc. is now Islands.
with MacDon Industries Ltd. OnBusiness Chartered Accountants Inc.
WEST, Jennifer L. (2006) is now Senior changed their Steinbach office from part-time
ROZMUS, Jeanine M. (2007) formerly with Financial Analyst with Wellington West to full-time.
KPMG LLP is now with Air Canada. Capital Inc.
The part-time practising office of Robert S.
SAWCHUK, Andrea N. (2003) previously WILSON, W. Garth (1994) formerly with Spencer Chartered Accountant Ltd. has
with PricewaterhouseCoopers in San José Viterra is now Senior Manager, Business deregistered.
THANKS FOR YOUR SUPPORT Deadlines &
The following firms and individuals have made financial contributions to support the Events
work of the Manitoba Chartered Accountants Foundation Inc. during the past fiscal year.
Booke & Partners Chartered Lawrence O. Pollard Members’ Softball Tournament
Accountants Pope & Brookes LLP Chartered Blumberg Softball Complex
Therese Bourque Accountants Saturday, May 31
J.K. Angus Campbell Richard D. Pope 9 a.m. - 4 p.m.
Gilles J.L. Chaput Keith W. Powls
Deloitte & Touche Foundation William J. Pugh
ICAM Annual General Meeting
Canada Austin P. Rathke
J. Henri E. Desautels Stanley W. Reid Winnipeg Convention Centre
Peter Dueck Gerard H.J. Rodrique Thursday, June 12
William G. Eamer Ian R. Seymour 11 a.m.
Estate of Allan M. Moore James G.M. Scollan
Gabriel J. Forest Jon W. Singleton Deadline for Member Recognition
Mark M. Gray Stafford F. Swain
Lucien P. Guenette Lorraine C. Taraska Award and FCA Nominations
David Halpern The Exchange Chartered Friday, June 13
Gregory J. Hanson Accountants LLP
George A. Horne The Great-West Life Assurance Members’ Golf Tournament
Lawrence M. Hurtig Company St. Boniface Golf Club
Rees M. Jones Melvyn L. Verin
Thursday, September 4
Gerald Kalef Robert B. Wall
Donald R. Keatch Reginald H.G. Walton Noon Shotgun Start
Reginald W. Kowalchuk Western CA Services Association /
Bennard M. Lapchuk Meloche Monnex Member Recognition Dinner
Billy S. Li Douglas H. Wheeler The Fairmont Winnipeg
Samuel W. Linhart Donald R. Winstone Thursday, November 6
Garry T. Markham Mary A. Wladyka
W. David Mitchell Paul D. Wright Reception 6 p.m.
David A. Morison Dinner 6:45 p.m.
If you, or someone you know, are interested in developing or instructing a seminar for us, UFE Results Release
please contact the ICAM office at 942-8248 or e-mail firstname.lastname@example.org. Friday, December 5
The Institute will be operating on summer hours (8:30 a.m. to The office will be closed on the following Statutory Holidays:
4:30 p.m.) following the Annual General Meeting, Thursday June • May 19 • August 4 • October 13
12, through to Friday August 29. •July 1 • September 1
Telephone Numbers & E-mail Addresses for Institute Staff
Chief Executive Officer: Gary Hannaford, FCA Email: email@example.com Direct Line: 924-4410
Practice Advisor & Director of Members’ Services: Kathy Zaplitny, CA Email: firstname.lastname@example.org Direct Line: 924-4411
Registrar & Director of Standards Enforcement: Shirley Sommer, CA Email: email@example.com Direct Line: 924-4414
Director of Administration: Dianne Laidler, CMA Email: firstname.lastname@example.org Direct Line: 924-4412 FOLIO PUBLISHED BY
Manager of Communications: Tanya Beck Email: email@example.com Direct Line: 924-4416 The Institute of Chartered Accountants of Manitoba
500-161 Portage Avenue East,
Secretary: Darlene Kochanski Email: firstname.lastname@example.org Direct Line: 924-4415 Winnipeg, Manitoba, Canada R3B 0Y4
PD Coordinator: Marie Kostiuk Email: email@example.com Direct Line: 924-4413 Toll Free 1/888-942-8248
Assistant Registrar & Accounting Assistant: Kimberly Leung Email: firstname.lastname@example.org Direct Line: 924-4417
Receptionist: Michelle Chartrand Email: email@example.com Direct Line: 942-8248 Website http://www.icam.mb.ca
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