Income Tax – 5 Years of Developments

Overview

Income tax changes and evolves over time. “Keeping up” is necessarily a continuous process. Unfortunately, many people don’t have the time or resources and consequently fall behind. They wonder how they can “catch up” on a few recent years of changes at one time. This seminar provides an opportunity for those who haven’t regularly taken tax update seminars to get “caught-up” on notable federal income tax developments over the past five years and discover what they may have missed.

Who Should Attend

Anyone, whether in public practice, industry, or the public sector, who feels that they have not paid enough attention to recent income tax developments.

Content

• calculation of income
• capital cost allowance
• taxation of gains
• retirement saving
• income splitting
• tax credits
• rules that defer, deem, trigger, prevent or reduce
• federal income tax rates
• income tax administration
• various other developments

Seminar Leader
MARK OSTRY, CPA, CGA, has worked in public practice since 1983. Early in 2002 Mark established a sole proprietorship in Westbank. He has experience in all levels of public practice, largely serving small-to-medium-sized enterprises. Mark has presented a variety of professional development courses over the years, including practice management, ethics and taxation.

Fraud Risk Management

Overview

Effective fraud risk management requires an integrated approach. Too often, businesses implement some helpful practices, but overlook other principles that ensure the full spectrum of their unique risks is addressed. This holistic approach brings together key principles and practices using the 2016 updated COSO fraud risk management framework. Case discussions, sample codes of conduct, fraud policies, fraud risk checklists, numerous examples and other practical materials will to help participants build a corporate culture and framework that prevents and detects fraudulent activity. This seminar provides “real life” examples of fraud and examples based on instructor and participant experiences. It explains why we need to manage fraud. It then provides an integrated approach, describing the five key COSO principles of fraud risk management outlined below.

Who Should Attend

CPAs in industry who require knowledge of potential fraud indicators in their transaction streams, and how to develop an integrated approach for effective fraud risk management, and public practitioners who want to better identify indicators of potential fraud which can assist in the conduct of an effective audit.

Content

• why we need to manage fraud risks

• COSO framework for Fraud Risk Management

• Principle 1: Governance - creating an ethical environment: discussion about codes of conduct, fraud policies, hotlines, ethics training, employee declarations, and other practices

• Principle 2: Comprehensive fraud risk assessment: fraud indicators and red flags, and a series of fraud risk assessment cases

• Principle 3: Preventive and detective fraud control activities: a high-level overview of potential controls

• Principle 4: Fraud investigation protocol: high-level overview of how to properly react to fraud, investigation considerations, taking corrective action and fidelity insurance matters

• Principle 5: Fraud risk management monitoring: ongoing evaluation and timely communication, with an introduction to data analytics

Ethics Content
This seminar contains 1 hour of ethics content.

Seminar Leader
ROSANNE WALTERS, CPA, CA, CBV, CFE, CFF is a partner with BDO Canada LLP. She has over 25 years experience in financial advisory services including fraud investigation, litigation support, family law matters, business valuations, insurance claims, due diligence reviews and special purpose auditing. She has qualified as an expert witness and given testimony in the Supreme Court of British Columbia.

Cancellation policy
Cancellations must be received in writing (email pdreg@bccpa.ca). Cancellations received at least 10 calendar days prior to the start date will be eligible for a full refund. Cancellations received less than 10 calendar days but more than 2 business days prior to the event start date are subject to an administration fee of $50. Cancellation requests received less than 2 full business days prior to the event start date will not be accepted - there will be no refunds or credits in this case. No shows - registrants who do not show up for the event will also not receive any refunds or credits.