James Doer Elected President - The Institute of Chartered ...

125 

1886-2011: 125 Years - Countless decisions 

James Doer Elected President Uniting the 

James Doer was elected President and Chair 

of the Council of the Institute of Chartered 

Accountants of Manitoba for 2011-12 at 

the Council meeting held immediately after 

the Institute’s Annual General Meeting on June 

16th . 

“It is a privilege for me 

to serve as your President 

during this milestone year 

and at such an important 

time for the profession. 

In addition to celebrating 

the profession’s 125 years 

of service to Manitoba, 

there is the current 

exploration of a possible 

merger with the CMAs 

and the potential creation 

of a new accounting 

designation,” Doer said. 

The member consultation 

process about uniting 

the Canadian accounting 

profession is underway 

and will continue until September 2011. Following 

this period of discussion - if there seems 

to be consensus to proceed - a concrete proposal 

will be put forward for further consideration. 

“This is an exciting time for the accounting 

profession and I encourage you to participate 

online at CPACanada.ca,” Doer said. 

Another priority for Council over the year is 

to attract exceptional people to the profession 

and the Institute continues to encourage more 

employers outside of the traditional audit and 

assurance area to obtain approval to train CA 

students. 

“In Manitoba, eight employers have now 

been approved as EEO CA Training Offices. 

The first group of EEO trained graduates successfully 

completed the UFE in 2010 and are 

now CAs,” Doer said. 

Have 

your say! 

James Doer, CA, the newly elected 

President & Chair of the Institute of 

Chartered Accountants of Manitoba. 

James began his accounting career in 1981. 

He completed his period of experience with 

Tadman Hornstein Kalef and received his CA 

designation in 1984. James earned his Certified 

Financial Planner designation in 2000. 

He is currently a partner 

in the Winnipeg office of 

BDO Canada LLP and 

has over 25 years of audit 

experience. He works with 

both public and private sector 

clients and his practice 

focuses on private enterprises 

and owner-managed 

businesses, such as manufacturing, 

construction and 

Aboriginal organizations. 

James was first elected 

to Council in 2005. He 

served as Secretary-Treasurer 

from 2008 to 2009. In 

2009-10 he was appointed 

Second Vice-President and 

he served as First Vice- 

President this past year. 

He has also served on the Institute’s Corporate 

Governance and Nominating and 

Membership Linkages committees, as well as 

the Institute’s Advisory committee on Public 

Accounting. James was Chair of the Audit 

Committee in 2006-07. 

James enjoys golfing and curling and heading 

out to the cottage in the summer and is looking 

forward to attending Winnipeg Jets games this 

winter. 

“It is an honour to serve as your president 

and I look forward to working with Council 

and the Institute staff in the coming year,” Doer 

said. “I will endeavor to represent all of you to 

the best of my abilities and I hope you will contact 

me at any time if you have any questions, 

comments, or advice.” 

Take part in the discussion about uniting the 

Canadian accounting profession at CPACanada.ca. 

See page 5 for login instructions. 

Canadian 

Accounting 

Profession 

Evolution toward a 

common qualification 

program 

Issue #171 

June / July 2011 

Canada’s CA and CMA organizations 

are internationally recognized for their 

rigorous qualification programs, each of 

which prepares its members to practice 

at the highest levels of the profession. 

That is why a critical element of bringing 

the organizations together would be the 

creation of a new high-quality certification 

program that draws and builds 

upon the respective strengths of the 

existing programs. 

The quality of any professional certification 

program is ultimately reflected in 

the outcomes of its graduates. The CA 

and CMA programs consistently produce 

high-calibre professionals, many of 

whom have risen to senior management 

roles in professional accounting firms, 

industry and government across Canada 

and around the world. 

To maintain their distinguished reputations 

and prepare their new graduates, 

both programs continuously evolve to 

meet the changing needs of the marketplace. 

While the CMA program places 

more emphasis on management accounting 

and the CA program on financial 

accounting and assurance, they share 

a number of important features – in 

education, in evaluation, and in experience. 

Both programs require a university 

degree as a minimum entry requirement, 

practical work experience and the 

completion of a national examination. 

In terms of education, today there is a 

significant amount of shared underlying 

continued on page 2 

FOLIO 1

FOLIO 2 

Qualification 

program cont’d 

continued from page 1 

technical knowledge between the programs, 

which is demonstrated by the significant overlap 

in the competency maps of the two organizations. 

Each program augments that underlying 

technical knowledge with additional in-depth 

knowledge in its particular area of expertise – 

whether related to management accounting or 

financial accounting and assurance. 

To evaluate their respective candidates, both 

programs administer assessments and examinations 

throughout their professional programs. 

While these assessments are different and occur 

at different points in the education process, 

both require individual demonstration of a 

defined set of competencies at some point. 

CMAs have an entrance exam, assessments 

throughout their professional program and a 

case-based uniform evaluation at the end of 

both years of their program. CAs have assessments 

throughout their professional program, 

culminating with a case-based uniform evaluation 

(“the UFE”). 

With regard to practical experience, both 

professions require significant relevant and 

progressive training. To meet the needs of 

a changing marketplace, an expansion of 

experience opportunities is underway in both 

professions. CAs are now able to train in industry, 

government and non-assurance roles in 

public practice. CMAs now have the legislated 

right to audit in nearly every province across 

Canada and are in the final stages of obtaining 

full rights across the country. CMA Canada has 

adopted a national standard for public accounting 

which every CMA must complete before 

practising in that area. 

Ultimately, both qualification processes are 

challenging and rigorous. They build on competency 

maps that have much in common, are 

executed using sound education best practices, 

and are supplemented with demanding experience 

criteria. 

Should the organizations proceed with a merger, 

the creation of a new common qualification 

program would represent the next stage of 

evolution for our profession. To support the 

establishment of a new, pre-eminent designation 

for professional accountants working across 

all sectors of the economy, the new program 

would be designed to equip the next generation 

of Canadian accountants with broader scopes of 

expertise and experience, and to enable Mutual 

Recognition Agreements with other important 

accounting bodies around the globe. 

Developments in Quebec 

Merger implications 

In Quebec, oversight of all professional 

bodies is the responsibility of the Office 

des professions, which determines changes 

to the regulations of some 46 professional 

bodies in that province. 

At the time of our national announcement 

to members, Quebec members were 

made aware that the Office des professions 

had invited the Quebec CA, CMA and 

CGA bodies to discuss the future of the 

accounting profession in that province. 

Recently, members of the three accounting 

bodies in Quebec were informed that 

progress has been made in those discussions 

under the leadership of their organizations 

and with input from the Office des professions. 

As a result, a concrete plan is now 

being developed to unify the profession in 

Quebec through a merger of the provincial 

Talking about the future 

CA, CMA and CGA bodies. The 

boards of directors of those three 

bodies have decided to present the plan to 

their respective members in Quebec and 

seek member input through a provincewide 

consultation tour from August 15 to 

September 16. The Quebec organizations 

will take into consideration the feedback 

from their members when making a formal 

submission to the government this fall to 

assist the Office des professions in determining 

the future direction of the profession in 

Quebec. 

The developments in Quebec underscore 

the need for your national and provincial 

bodies to proactively consider what should 

be the future of our profession. Without 

question, the Quebec consultations will 

impact the ongoing discussions between the 

CA and CMA organizations in the rest of 

Canada. 

A national dialogue is underway that could unite 

Canada’s Chartered Accountants and Certified 

Management Accountants. Combining our 

respective strengths under a new designation, 

Chartered Professional Accountants, may be the 

most powerful way for our profession to respond 

to the changing needs of business. 

Where do you stand on the challenges facing 

the profession? 

Learn more and engage in this historic conversation. 

Share your views at www.CPACanada.ca

Council and Officers Elected for 2011-12 

At the 125 th Annual General Meeting of 

the Institute held on June 16, 2011, nine 

members were elected by acclamation to 

fill 11 of the vacancies on Council for a 

two year term. 

The nine members elected by acclamation 

were Cheryl Atchison, James Doer, 

Dave Loewen, Rick MacKay, Brenna Minish-Kichuk, 

Janet Morrill, Kevin Regan, 

Heather Reichert and Scott Sissons. 

According to the Institute’s bylaws, 

Council has the authority to fill the two 

remaining vacancies by appointing two individuals. 

The term of office for the appointed 

individuals is for one year instead of two and 

expires at the next Annual General Meeting. At 

the Statutory Meeting of Council held immediately 

after the AGM, Council appointed Dean 

Austin and Larry Frostiak to fill the remaining 

vacancies. 

Also at the Statutory Meeting of Council 

following the AGM, Council elected the 

2011-12 Officers and members of the Executive 

Committee. Council is composed of the 

officers, members-at-large and two public 

representatives. 

James Doer, CA 

President & Chair 

2011-12 Officers of Council 

James D. Doer, CA 

President & Chair 

Rick M. MacKay, FCA 

First Vice-President 

Teresa L. Okerlund, CA 

Second Vice-President 

David Loewen, FCA 

Secretary-Treasurer 

Rick MacKay, FCA 

First Vice-President 

Teresa Okerlund, CA 

Second Vice-President 

Members-at-Large 

Cheryl A. Atchison, CA 

K. Dean Austin, CA 

Jeffrey G. Cristall, CA•CBV 

Gordon A. Dowhan, CA 

Larry H. Frostiak, FCA 

C. Stuart McKelvie, FCA 

Brenna J. Minish-Kichuk, CA 

Janet B.A. Morrill, CA 

Kevin E. Regan, CA 

Heather D. Reichert, CA 

Scott D. Sissons, CA 

Decisions matter. They mattered in 1886. They matter today. 

David Loewen, FCA 

Secretary-Treasurer 

Public Representatives 

Elaine Goldie 

Anita Wortzman, LLB 

Under the Institute bylaws, one member must work and reside outside of Winnipeg. Both Jeffrey Cristall and Brenna Minish-Kichuk meet this requirement. 

The two public representatives are appointed to Council by the President of the University of Manitoba. This is Anita’s third year serving as a public 

representative and Elaine’s second. 

Celebrating 125 years of service to Manitoba 

ICAM_FREEPRESS_AD_11.5625.indd 1 11-05-26 11:48 AM 

This ad was run in the Winnipeg Free Press on Saturday, May 28, 2011 in celebration of the Institute's 125 th anniversary. It will also be up at the Winnipeg James 

Armstrong Richardson International Airport at the scrolling advertisements over the West Jet baggage carousel for the remainder of the anniversary year. Special 

thanks to our models (l-r): Dan Richard, CA; Chris Couture, FCA; Gregg Hanson, FCA; and Crystal Cunard, CA. 

FOLIO 3

High School Scholarships 

Awarded 

Students from high schools across the province applied and six individuals were selected to each 

receive a $1,000 scholarship. Each recipient displayed high scholastic achievement together with 

outstanding accomplishments in work, school and community activities. In addition, they are 

all continuing their post-secondary education in Manitoba and have expressed interest in the CA 

profession. 

CA High School Scholarships 

The Institute of Chartered Accountants of Manitoba is pleased to announce that James Manguba, Joel 

Miyazawa, Sarah Prins and Amanda Pushka are the recipients of the 2011 High School Scholarships 

and wishes them every success in their future endeavours. 

FOLIO 4 

James Manguba Joel Miyazawa Sarah Prins Amanda Pushka 

Allan M. Moore Scholarships 

The Manitoba Chartered Accountants Foundation Inc. congratulates Mary Ann De Jesus and Kate 

Simes, recipients of the 2011 Allan. M. Moore, FCA, Scholarships and wishes them every success in 

their future endeavours. 

Allan M. Moore, FCA 

Mary Ann De Jesus Kate Simes 

Al Moore was President of the Institute in 1974-75 and served on the 

Board of the Foundation in the early 1990s. He received the Lifetime 

Achievement Award from the Institute in 2004. Upon his passing, Al 

left a $50,000 bequest to the Foundation and an endowment fund 

was established in his name with the income used to provide scholarships 

to high school students attending university and interested in a 

career as a CA. 

Auditor 

Selection 

To: The Members 

Each year the Audit Committee of The 

Institute of Chartered Accountants of 

Manitoba reviews the selection process 

for the Institute’s auditors and makes 

a recommendation to Council for the 

coming year. 

This is in turn ratified by the membership 

at the AGM. In addition, the Audit 

Committee approves the fee for the 

coming year. 

Members of the Manitoba Chartered 

Accountants Foundation Inc. also 

approve the use of the Institute’s auditors 

as the Foundation’s auditors at their 

AGM. 

Booke and Partners has now been 

approved as the Institute’s and Foundation’s 

auditors for 2011-12. 

In considering the appointment of 

auditors, the committee evaluates the 

current auditors and has found that they 

continue to meet expectations. 

The committee has discussed the advantages 

and disadvantages of changing 

auditors and feels that there has been no 

compelling reason to change. 

The committee has agreed however 

that if expressions of interest were to 

be received from other firms, it would 

consider a tendering process. 

Richard D. Pope, FCA 

Chair 

2010-11 Audit Committee 

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strictly for Canadian CAs. 

The site allows you to discuss matters 

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on newsletters, upcoming webinars and 

other events. 

Register today at caconnect.com.

Uniting the Canadian Accounting Profession 

Today versus 2004 - what is different this time? 

A lot has changed since 2004 and so has our approach to dealing with the 

future of our profession. 

Clearly, external factors pressing us to consider bringing our organizations 

together have increased significantly since we explored a possible 

merger in 2004. More importantly, we learned from our experience in 

2004 and we are changing our approach in two very significant ways: 

We are consulting members before we develop any proposals and we are 

exploring a concept that would ensure no member is required to give up 

or share the professional designation they are proud of and worked hard to 

earn. 

We believe it is important that our members have a clear understanding 

of the differences between what we are doing now and what happened in 

2004. 

In 2004, considerable member feedback was received by both organizations, 

although the proposal was never brought to a formal member 

vote. Ultimately, the leaders of our organizations at that time determined 

that they could not reach agreement on a way forward and ended their 

discussions before seeking the support of members. Today, members are 

being engaged from the outset of the discussions and their viewpoints will 

inform any decision on the future of our profession. 

In Canada, past attempts to merge professional bodies have, for the most 

part, been unsuccessful where organizations were expected to either give 

up or give away their designations. As CA and CMA members, we are 

justifiably proud of our designations, which we worked hard to earn and 

many of us consider a defining factor of our professional success. We 

know that for a merger to be viable the unique value of both existing 

designations must be preserved. For this reason, the concept being 

explored will allow members to keep and continue using their designations, 

while uniting our organizations through a measured evolution to 

a new Chartered Professional Accountant (CPA) designation that would 

represent the best of both the CA and CMA brands. 

Rather than adopting one of the other CPA monikers used around the 

world, we are considering the use of Chartered Professional Accountant. 

The word “Professional” more accurately reflects our diverse memberships 

than the word “Public”, which implies a sole focus on public practice. The 

use of “Chartered Professional” also serves to distinguish the Canadian 

CPA from the CPA in the United States. 

In addition to providing a common banner for the merged profession 

in Canada, there are a number of other compelling reasons for choosing to 

create a Canadian CPA designation. As the nature of our profession grows 

increasingly international, it only makes sense to prepare to align ourselves 

with the global accounting designation of choice, should one emerge. 

Today, the CPA and CA are the most recognized designations around 

the world. Indeed, the CPA is the most used accounting designation 

worldwide, with some form of the designation (“Certified Public Accountant” 

or “Certified Practising Accountant”) in existence in 30 countries, 

including the United States, China, Hong Kong, Japan and Australia. 

Using the word “Chartered” within the Canadian CPA would allow the 

new designation to be aligned with both CA and CPA. 

There are also signs that other prominent accounting bodies around the 

world are considering the Chartered Professional Accountant designation. 

In fact, both the Institute of Chartered Accountants in England and Wales 

and the Association of Chartered Certified Accountants have recently filed 

European Union trademark applications for the CPA initials and the name 

Chartered Professional Accountant. 

We believe that by having Canada’s CAs and CMAs come together 

The way we envision our organizations coming together has also 

changed to ensure we preserve the distinct value and respective strengths 

of each designation. With the creation of a new common designation - 

Chartered Professional Accountant (CPA) - neither organization will be 

required to issue its existing designation to members of the other; nor 

would any member be required to give up his or her designation. A CA 

would still be a CA, and a CMA would still be a CMA. 

Since 2004, the reasons to bring the Canadian accounting profession 

together have increased and intensified. With the emergence of 

international accounting and assurance standards and global accounting 

designations, it is more important than ever that Canadian accountants 

have a strong and unified voice on the world stage. Here at home, we are 

also experiencing increasing convergence in a number of practice areas. 

With CMAs expanding into the assurance field and CAs increasingly 

working, and now training, outside public practice, the traditional lines 

between the designations are blurring and our complex and costly regulatory 

structure is becoming out of date. 

The position paper provides more detail about the challenges facing our 

profession and the principles we have agreed on to build a stronger future 

for accounting in Canada. 

Creating a uniquely Canadian CPA designation 

under the Canadian CPA, we will have an opportunity to create a stronger 

designation than currently exists. Representing a unique combination of 

expertise in both financial and management accounting, the Canadian 

CPA is envisioned to become a pre-eminent designation for professional 

accountants working across all sectors of the economy, and ultimately 

evolve into an internationally recognized credential for all those who aspire 

to a career in business. And, at the same time, the Canadian CPA will be 

best positioned to be aligned with the global designation of choice, should 

one emerge. 

LOGGING INTO THE ONLINE DISCUSSION FORUMS 

To participate on the discussion forums on www.CPACanada.ca, 

click on the forum you would like to comment on and follow these 

steps: 

1. Once you click on a forum, an Authentication box will appear. 

Log in with username: admin and password: K940QM 

2. If you haven’t signed up yet, click the SIGN UP button at the 

top right of the Forum page to sign up and create your unique 

username and password. You will need your national member 

number at sign up to verify your membership status. Once complete, 

you will receive an email to verify your registration. 

3. If you’ve signed up, click the LOGIN button at the top right of the 

Forum page and enter your unique username and password. 

Note that each time you return to the site to comment you will need to 

complete the two step process, first entering the information in step 

one and then logging in with your unique username and password. 

Take part in the discussion about uniting the Canadian 

accounting profession. 

Visit www.CPACanada.ca for updated information, discussion 

forums and town hall listings, or call 1-855-747-2654 to leave 

your comments by phone. 

FOLIO 5

Three New EEO Training Paths Approved 

ICAM is pleased to announce that Council 

recently approved three new training paths 

with employers as Expanded Experience 

Opportunity CA Training Offices. 

Under the EEO program, the students are 

required to develop both depth and breadth in 

the CA Core Competencies under the supervision 

of senior CAs in the CA Training Office. 

Two of the recently approved new paths are 

in the Tax area with two firms that already offer 

FOLIO 6 

CICA 

Handbook 

CICA Standards and 

Guidance Collection for CA 

members 

CAs can sign up for FREE online access 

to the full CICA Handbook on the 

knotia.ca research site. This includes all 

7 Handbook modules. 

For member access to the CICA Standards 

and Guidance Collection, log in 

to knotia.ca. 

CAs can also purchase the softcover 

print version that includes the 3 

modules: 

• CICA Handbook – Accounting 

• CICA Handbook – Assurance 

• Management’s Discussion & 

Analysis. 

Also available separately are 3 other 

CICA Handbook print modules 

including: 

• 

Part V - Pre-Changeover 

Accounting Standards (archive as of 

December, 2009) 

• Public Sector Accounting 

Handbook (PSACC) 

• Risk Oversight & Governance 

Collection (RISK). 

The Standards and Guidance Collection 

is also available to members on DVD or 

Download (Folio Views), or additional 

online access (Initial Office License - up 

to 5-user access). 

For more information and a full 

listing of CICA Handbook products, 

visit CICA’s new online store at 

CAstore.ca/cicahb. 

assurance-based training - the Winnipeg offices 

of KPMG and MNP. 

Under these paths, the firms will be able 

to hire students directly into their tax practices 

rather than into the traditional assurance 

practice. 

The third path is with a new CA Training 

Office in industry, Air Canada, where CA 

students will train in the Winnipeg office in an 

EEO path which includes experience in both 

Financial Reporting and Internal Audit. 

This brings the total EEO CA Training 

Offices in Manitoba to eight – the other five 

EEO paths are offered by Great-West Life, 

Investors Group, PwC - Tax, Deloitte - Enterprise 

Risk Services and Deloitte - Tax. 

If your firm or employer is interested in 

learning more about the EEO program, please 

contact the Institute office at 204-942-8248 or 

email icam@icam.mb.ca. 

The complimentary ROI e-newsletter is a valuable source of timely synopses 

of news, research, events, best practices, standards and regulations, recent 

publications and more – with links to the web-based sources – that can 

help you keep up-to-date with information relevant to CAs in industry.

Retention of Top Performers 

In the last issue of Folio we published the first of several articles on CA 

Training Programs in the corporate and public sectors as well as the non-audit 

practice areas of CA firms. In this issue, we look at retention of top performers. 

Management from Great-West Life, Union Gas and Cummins Western Canada 

Limited Partnership discuss their recent experience in retaining top performers 

by providing existing employees with an option to obtain a CA designation 

through their organization. 

Becoming an accredited CA Training Office 

not only enhances participating organizations’ 

prospects of attracting the best and brightest 

university students, including those in co-op 

programs; it can also assist participants in 

retaining employees who want to pursue their 

CA designation after graduating. 

It might even carry a special allure for 

existing employees who are interested in becoming 

CAs. 

The CA Training Office program has significantly 

benefited The Great-West Life Assurance 

Company. Headquartered in Winnipeg, Great- 

West Life became accredited under the program 

in 2007. 

“We had experiences in the past where we 

lost some Bachelor of Commerce graduates 

after working with us for only a year because 

they decided they wanted to pursue the CA 

designation, and their only alternative was to 

go into the public accounting field for their 

training,” says Charles Henaire, FCA, Senior 

Vice-President and Chief Financial Officer for 

Great-West Life. 

“Since we’ve started offering CA training 

opportunities here, we’ve been able to better 

retain these talented staff,” he adds. 

There are currently 14 people in the Great- 

Conversion to 

Accounting 

Standards for 

Private Enterprises 

This concise booklet provides eight 

basic steps to help in the transition 

to accounting standards for private 

enterprises and includes a summary 

of one-time 

exemptions 

and mandatory 

exceptions from 

retrospective 

application. 

Find it online at 

cica.ca/privateenterprises. 

Conversion to Accounting 

Standards for Private Enterprises: 

Basic Transition Steps 

West Life training program, which offers CA 

students broad rotational exposure to the 

company, including its business units, and 

investment and operations divisions, as well as 

its tax, internal audit, financial reporting, and 

performance management areas. 

“The CA Training Office program is a very 

important strategy for us to help ensure we 

attract the talent that we need to continue to 

run and grow our organization,” says Henaire. 

“We see this as a tremendous opportunity 

to support our growth and be attractive to 

potential employees. We have a strong organizational 

culture and feel that when we can attract 

people earlier on in their careers it shows our 

support and loyalty to them. In return we get 

good loyalty back from our staff, and that is a 

win-win from our perspective,” he adds. 

Great-West Life’s status as an accredited 

CA Training Office has also interested some of 

the Great-West Life’s existing staff, who have 

inquired about entering the CA study program, 

since they can now stay with the company while 

receiving their requisite training. 

“This opportunity is available to all interested 

staff who qualify,” emphasizes Henaire. 

Becoming an accredited CA Training Office 

in 2009 has also helped Union Gas Limited, 

which is headquartered in Chatham, Ont., 

retain talented employees who are interested in 

becoming CAs. 

“I can think of three excellent employees 

we lost prior to having the CA Training Office 

program, who went to public accounting firms 

to get their experience,” recalls Lorie Baker, 

Manager of Employee Relations at Union Gas. 

“We thought, ‘what are those accounting firms 

offering that we can’t?’ With a very large finance 

department, we knew we had the talent, expertise, 

and experience to teach our own students.” 

Union Gas will have four recent accounting 

graduates and two internal employees participating 

in its CA Training Office program as of 

May 2011. They can choose to participate in 

three different rotations that will allow them to 

gain experience and knowledge in a variety of 

financial roles such as financial accounting, tax, 

and audit, to name a few. 

These students “see opportunities develop 

- they notice that our organization gives 

them time off for study; and that they have 

the support and materials they need to continue 

learning and gaining acumen about our 

organization and industry,” says Baker. 

“It is a real plus for them,” she stresses. 

Furthermore, “our employees do not want to 

leave behind their career with Union Gas to go 

to an accounting firm to obtain a CA, and then 

try and get back in. They lose ground that way,” 

Baker explains. 

“With the CA Training Office program, they 

can stay.” 

The training program is available to all 

Union Gas employees, even those currently outside 

of the accounting and finance departments 

who might not initially have aspirations to the 

accounting profession, but ultimately decide 

they want to pursue their CA designation. 

“We post within our organization and say 

‘you have to meet the minimum criteria of having 

51 credited hours, but if you’re interested 

you can transfer into the program,’” says Baker. 

“We have employees ranging from brand new, 

up to 30 years of experience, who have the 

opportunity to say, ‘I’d like to get my CA,’” she 

adds. 

Cummins Western Canada Limited Partnership 

in Surrey, B.C., the western Canadian 

distributor for Cummins Inc., a manufacturer 

of diesel, engine and power generation equipment, 

became an accredited CA Training Office 

in February 2011. Cummins is authorized to 

train three CA students through rotations that 

include financial reporting, internal audit, tax, 

and treasury, among other types of field and 

operational work. 

“We’re very excited about having that as a 

tool in our employee retention kit,” says Peter 

Young, CA, Chief Financial Officer at Cummins 

Western Canada. 

“The reason we liked this program is because 

we were having difficulties keeping younger 

employees who were looking to get accredited,” 

notes Young. “When CA students had to be in 

an external audit path, a couple gave us their 

notice, and indicated they were planning to 

pursue working in a public accounting firm 

environment,” he recalls. 

Since that was the only avenue for students 

to get their requisite experience at that time, 

“we started wondering, ‘could we become an 

accredited facility or training centre?’ We met 

with the Institute of Chartered Accountants of 

British Columbia and identified that as a possibility,” 

Young explains. 

In addition to presenting Cummins with 

greater opportunities to hire and retain top 

notch co-op students from universities, the CA 

Training Office program is enticing some people 

in the company to consider a career change into 

the accounting profession. 

“We have already had some interest from 

people outside of our finance group,” Young 

says. 

FOLIO 7

Surprise! Compilation Engagement Claims 

Do Exist by Malcolm D’Souza, MBA, CA, and Sean Hebert 

This article addresses the primary causes for 

compilation engagement claims, and offers 

helpful information on both the precautionary 

measures that can be taken by firms to avoid 

these claims, as well as details regarding 

accountants’ liability in these cases. 

Notice to Reader financial statements are 

compiled from information supplied by management, 

and the Notice to Reader attached 

to the financial statements explicitly states that 

the Chartered Accountant has not “performed 

an audit or a review engagement in respect of 

these financial statements and, accordingly, 

expresses no assurance thereon.” Readers are 

cautioned that “these statements may not be 

appropriate for their purposes”. Whether this 

disclaimer appears on each page, or pages are 

conspicuously marked “Unaudited – see Notice 

to Reader”, the Notice clearly informs readers 

about the nature of the work and cautions them 

that the statements may not be appropriate for 

an intended use. 

Accountants’ liability for compilation 

engagements 

One might think the accountant is protected 

with the Notice to Reader disclaimer, but this is 

not necessarily so. Most users read and understand 

the Notice to Reader as a disclaimer of the 

accountant’s responsibility – likely the reason 

that very little case authority exists in the Courts 

on duty and potential liability in these disputes. 

The question is: “Can you safely assume that 

investors and lenders are sophisticated users who 

understand the accountant’s limited involvement 

in the preparation of the statements?” 

Unfortunately, you cannot always make this 

assumption. Companies – in particular, small 

businesses – typically obtain and use financial 

statements for a variety of reasons, including to 

prepare their tax returns and to obtain financing. 

Statements can easily fall into the hands of 

a wide range of users beyond the accountant’s 

client who may use, rely on, or claim to have 

relied on the statements. So why do these claims 

arise? Between 1999 and 2010, almost 10 per 

cent of all claims reported through the AICAsponsored 

program arose from compilation 

engagements, with the majority of these claims 

arising from lenders who allegedly relied on the 

financial statements. 

A typical situation is one where a banker 

calls the accountant to discuss the information 

on the statements and he/she engages in 

a discussion, with the banker enquiring about 

accounts receivable, inventory and fixed asset 

values on the financial statements. The accountant 

readily responds to the enquiries, not once 

FOLIO 8 

suggesting to the banker that the statements 

were not prepared with the intention of being 

used for lending decisions, nor were they appropriate 

to be used for such decisions. When the 

claim later ensues, the bank takes the position 

that since the accountant knew that the banker 

should not be relying on the statements for a 

lending decision, he or she should not have 

been willing to discuss them in the first place. 

In a sense, the banker views the conversation 

as a waiver on the Notice. In these situations, 

the accountant is alleged to have failed to warn 

the bank that it is using the statements for a 

purpose other than that for which they were 

prepared. 

As with an audit engagement, the first question 

to ask when considering liability is whether 

there is a sufficient legal proximity (closeness 

of the relationship) between the accountant 

and the user of a statement to give rise to a 

duty of care. This involves an analysis of all of 

the factors of the engagement, including the 

accountant’s knowledge of the ultimate users 

for whom the statement is intended. Note that 

accountants are cautioned about discussing 

financial statements with bankers – for a number 

of reasons – to avoid demonstrating more 

familiarity and involvement with the preparation 

of the financial statements than prudent 

and to avoid taking on advocacy roles for their 

client, which are also independence issues. 

Assuming proximity exists in a given case, 

the issue now becomes whether the user in fact 

relied on the financial statements and whether 

that reliance was reasonable. If it is discovered 

that both legal proximity exists and the user’s 

reliance on the statement was reasonable, there 

is a potential for liability – notwithstanding the 

limited nature of the engagement. 

In many cases, the reliance will be negated 

by clear words in the Notice to Reader, indicating 

that a user is expected to understand that 

the accountant is not providing any form of 

assurance. This may be clear to sophisticated 

users, but the Court does not assume that all 

users are sophisticated, nor may it expect anyone 

besides an accountant to be familiar with 

the differing procedures prescribed by the CICA 

Handbook. 

Beware the extent of work in compilation 

engagements 

Another trend that is giving rise to claims 

is that practitioners are doing extra work in 

compilation engagements, thinking this might 

afford additional protection. An accountant’s 

working papers on a compilation engagement 

may include some steps normally associated 

with audit or review engagements. There may, 

for example, be a bank confirmation or an 

analysis of receivables. While there is a lack of 

judicial authority on this issue, it is likely that 

once an accountant undertakes to perform 

any of those steps, he/she undertakes a duty to 

perform them completely and accurately. To the 

extent that the accountant has performed any 

of those steps, the disclaimer contained in the 

Notice to Reader becomes simply untrue – the 

accountant has now reviewed or verified some 

of the information. 

Be aware that the courts will consider what 

you ought to have done as well as what you 

actually did. The courts may hold an accountant 

to a standard based on the greater of the 

procedures that ought to have been performed 

rather than the procedures that were actually 

performed. Make sure to follow up on any “red 

flags” that may come up based on procedures 

that you performed that may have been beyond 

the scope of the engagement. It is not an acceptable 

defence to say that the red flag was not 

followed up on because the procedure that led 

to it was beyond the scope of the engagement. 

In any event, an accountant should not be 

associated with information that may be false or 

misleading. 

Who gets sued? Not just the large firms! 

Some sole practitioners and CAs in small 

firms believe that all or most of the large claims 

against CAs are limited to the medium and 

large CA firms. Nothing can be further from the 

truth. In the AICA-sponsored program, which 

insures approximately 85 per cent of all small 

and medium-sized CA firms across Canada, 

20 per cent of the 50 largest claims since 1999 

originated from sole practitioners and an additional 

20 per cent originated from two to three 

partner firms. 

How to protect yourself from potential 

liability 

Litigation is an adversarial process. Even if 

the claim is eventually found in your favour, the 

time demands and stress of the claims process 

are enormous. With that in mind, accountants 

performing compilation engagements should 

take the following steps to protect themselves 

from potential liability: 

• 

• 

Confirm with the client in writing that the 

client understands the limited nature of the 

engagement and the limited use to which 

the statements can be put. 

Ensure that the work performed does not 

continued on the following page

Annual Golf Tournament 

Rossmere Country Club was host to the annual 

members’ golf tournament held in conjunction with the 

125 th Anniversary Conference. This year’s tournament 

format was a Texas Scramble. 

Congratulations to the following special event winners: 

Longest Putt (9th Hole) 

Joelle Caron & Kyle Scott 

Straightest Drive (18th Hole) 

Susan Nemec & Ian Clegg 

Runners-Up - Low Gross Team 

James Doer, Barry Remai & Rick Potter 

Compilation Engagements cont’d 

• 

• 

• 

Runners-up - Low Gross Team (l-r): James 

Doer & Barry Remai. Missing: Rick Potter. 

continued from the following page 

go beyond the scope of the compilation engagement and that if work is done beyond the scope of 

the engagement, that all queries that may arise from the extra work are cleared. 

If a bank or other user contacts you, do not engage in a discussion about the financial state- 

ments. If that is unavoidable, clearly warn the caller that the statements were not prepared for that 

purpose and document in your files that you have done so. Communicate the limitations of the 

Notice to Reader. 

Do not distribute financial statements prepared under a compilation engagement to third parties 

on behalf of your client, regardless of any request or pressure from your client. 

Recommend that your client upgrade to an assurance (a review or audit) engagement if the 

intended purpose is to distribute the financial statements to third parties. 

Most claims arising from compilation engagements are vigorously defended on the basis that there 

is a clear disclaimer in the Notice to Reader communication and that sophisticated users of financial 

statements, especially lenders, should demand an assurance engagement if they intend to rely on parts 

of the financial statements as a basis for their lending decision. 

Following the above listed recommendations should, however, help to minimize the chances of 

successful litigation by third parties against accountants based on their reliance on financial statements 

prepared under a compilation engagement. 

Guest contributor Malcolm D’Souza, MBA, CA, is with AICA Services Inc. Malcolm regularly provides 

seminars to practitioners on risk management. Sean Hebert is a freelance writer who acts as a consultant 

to AICA Services Inc. For more information, and to download the Risk Management presentation that 

provides other tips to avoid claims, visit www.aica.ca. 

Winners of the KPMG Trophy for the Low Gross Team (l-r) Justin Fast, Barry Minish, presenter 

Gary Hannaford, Trevar Matheson, & Mark Gray. 

Understanding 

Reports on 

Financial 

Statements 

Are you looking for a brochure to 

help you explain the different engagements 

and reports to clients? CICA has 

published Understanding Reports on 

Financial Statements with an updated 

auditor’s report under the new Canadian 

Auditing Standards. You can download 

a free printable PDF version or order 

copies customized 

with your contact 

information. Find 

it at the CICA 

website at cica. 

ca > Services & 

Products > Client 

Development 

Brochure Series. 

Understanding Reports On 

Financial Statements 

www.cica.ca/CAS 

FOLIO 9

125 th Anniversary Conference Highlights 

125 

The 125 

1886-2011: 125 Years - Countless decisions 

th Anniversary Conference, held May 25-26, 

celebrated the Manitoba profession’s significant milestone 

with an array of guest speakers and breakout sessions as well 

as a wine tasting event in the evening and the annual golf 

tournament. 

At lunch on opening day, the Honorable Rosann 

Wowchuk, Minister of Finance, brought greetings from the 

province and presented President Doug Tkach with the proclamation declaring May 25th , 2011 

as Chartered Accountants Day in Manitoba. 

FOLIO 10 

CHARTERED 

ACCOUNTANTS LLP 

Gold Sponsors 

Above: Leadership and motivational strategist 

James Robbins inspires conference attendees 

and delves into what defines good leadership 

while sharing his story of tackling the summit of 

Sajama, the highest peak in Bolivia. 

Left: John Sileo, a privacy and identity theft expert 

engages participants in “Thinking Like a Spy” to 

protect their privacy, both personally and professionally, 

as well as their bottom line. 

Supporting Sponsors 

May 25 th proclaimed as 

CA Day in Manitoba! 

Thanks to our conference sponsors for your generous support! 

Silver Sponsor 

Bronze Sponsor

2011-2012 Fall / Winter PD Program 

Accounting, Financial Reporting and 

Assurance 

Accounting, Auditing and Professional Practice 

Update 

Accounting Standards for Private Enterprises 

(CICA Handbook – Accounting Part II) – A 

Comparison to Part V 

Financial Instruments for Private Enterprises 

and Not-for-Profit Organizations 

Fraud Happens – What to Do When You 

Suspect Fraud 

IFRS – An Update 

Internal Control for the Small Audit 

Internal Control for CEO/CFO Certification 

PD Passports 

On SALE Now! 

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: 

$850 until October 14 

$950 after October 14 

• Non Member Pricing: 

$1,100 until October 14 

$1,200 after October 14 

The Corporate Passport 

Allows you or others in your organization 

9 seminar days (any combination of 

½ day, full day and two day sessions). 

• $2,000 until October 14 

• $2,200 after October 14 

The Mini Passport – ONLY for members 

who are exempt from paying fees or are 

paying reduced fees 

Offers the convenience and flexibility of 

3 seminar days (any combination of ½ 

day, full day and two day sessions). 

• $300 until October 14 

• $350 after October 14 

Personal and Mini Passports can be 

purchased through the Member Login 

area at www.icam.mb.ca. 

Or, go to www.icam.mb.ca and download 

a registration form or call us at 

942-8248. 

Not-for-Profit Organizations – the New 

Accounting Standards (CICA Handbook – 

Accounting Part III) 

Review and Compilation Engagements 

The CAS Audit of Very Small Entities 

The New Audit Reporting Model and Related 

Changes 

Corporate Finance 

Building a Financial Model 

Business Valuations – Introduction 

Corporate Treasury Management 

Due Diligence for Acquisitions 

Financial Modelling in Excel 

Financing Strategies 

Information Technology 

Cloud Computing 

Excel 2007 - Advanced 

Outlook for Accountants 

Paperless Office 

Powerpoint Essentials 

PDF Forms – What Accountants Need to 

Know 

Technology for CAs – Don’t Get Left Behind 

Management, Leadership & Personal 

Development 

Advanced Internet Research Techniques for 

Accountants 

Budgeting & Financial Management 

Building Better Business Cases 

Building Bridges Across Cultures 

CFO’s Role in a Family Business 

CFO’s Role to the Board of Directors 

Discover Your Leadership Strengths 

Get More Power from Your Brain 

Google Productivity Tools for Accountants 

Governance in the Not for Profit Sector 

Improve Controls over Spreadsheets 

Integrated Management Practices and 

Controls 

Leadership Effectiveness 

Managing Your Career 

Manitoba Check-Up – A Presentation on Living, 

Working and Investing in Manitoba 

Peak Corporate Performance – Creating a 

Performance Framework 

Project Management - Tips & Traps 

Rules of Victory – Find a Better Way to Deal 

with Conflict and Chaos 

Social Media for Accountants 

Take Charge of Your Time & Priorities 

Transformative Leaderships – Skills for CEOs, 

Board Chairs and Other Team Leaders 

What’s Next - Charting Your Way Towards a 

Purposeful Retirement 

Public Sector 

PSAB 101 

PSAB – Government not-for-profit 

Organizations 

PSAB Update 2011 

Taxation 

Agricultural Update 2011 

Catching Up - 5 Years of Income Tax 

Developments 

Everyday Income Tax Issues for the General 

Practitioner 

GST/HST Refresher for Professionals 

General Practitioners – Need to Know 

Income Splitting 

Income Tax Issues for the File Preparer 

Income Tax Update - 2011 

NPOs & Registered Charities - Taxation 

Issues 

Practising Safe Tax 

Restructuring Private Corporate Groups 

RIP – Tax Estate Planning to Minimize Tax 

Leakage 

Scientific Research and Experimental 

Development Tax Credits 

Subcontractor vs. Employee – What Every CA 

Should Know 

Tax for Controllers 

Taxation of Domestic Family Trusts 

- Advanced 

Taxation of Domestic Trusts – Compliance 

Tax Decisions with Long-term Implications 

Tax Issues in Real Estate – What Do You 

Need to Know? 

Tax Planning for Private Enterprise on Business 

Succession 

Taxation of Employee Benefits 

Wealth Management 

Charitable Giving – A Detailed Review of Tax 

Issues and Planning Strategies 

Creating a Financial Plan 

Estate Planning for High Net Worth 

Individuals 

Investing in Stocks, ETFs & Mutual Funds 

On-Line Learning 

Accounting Standards for Private Enterprises 

– A Survey of the Standards 

Blackberry – Online Training 

Income Tax Refresher – Corporate 

Income Tax Refresher – Personal 

FOLIO 11

Thank you for supporting the new Anniversary Fund! 

In recognition of ICAM’s 125 th Anniversary, the Manitoba Chartered 

Accountants Foundation asked Manitoba CAs to consider donating $125 to The 

Anniversary Fund for Teaching Excellence. The Fund is designated to enhance 

the quality of accounting education in Manitoba by providing awards for 

teaching excellence. Thank you to the following for your financial contributions 

to support the Foundation’s Anniversary Fund for Teaching Excellence: 

Gerald Barnes 

Veronica Bouvier 

Tom Bryk 

Blaine Coates 

Ed Cherwinski 

John Croll 

CXA Recruiting 

David Devere 

Manitoba chartered accountant Gerald Boulet 

ran the Boston Marathon in April and finished 

as the top Manitoban with a personal best time 

of 2:59:20. His previous best was 3:05:24 at the 

2010 Manitoba Marathon. 

“I used my 'math brain' to run a calculated 

race as 3 hours is often the mark that many 

marathoners hope to someday achieve and I had 

put in the hard work necessary to run a strong 

finish to the race,” Gerald said. 

FOLIO 12 

James Doer 

Bill Eamer 

Doug Einarson 

Gerhard Epp 

“Educators that made a difference 

for me during my time at the 

University of Manitoba were 

Charlie Tax and Nabil Elias.” 

- Fred Horbaty, CA 

Gabe Forest 

Henry Friesen 

Neil Fry 

John Granelli 

Ken Gray 

Mark Gray 

Ken Green 

Ken Grower 

Sid Halpern 

Gary Hannaford 

Wayne Harding 

Fred Horbaty 

Rees Jones 

Peter Klassen 

He made the trip with his brother-in-law 

Justin, who came in as the third Manitoban 

with a time of 3:02:02. Overall, Gerald finished 

1,420 out of nearly 26,000 entrants. 

“I do realize this province has several better 

runners than myself, yet having started running 

in only February of 2008 I am quite proud 

of this accomplishment. This was my third 

full marathon, having qualified for Boston in 

both of my previous full marathons. Being an 

accountant, which is quite sedentary, I 

realize the importance of physical activity 

and having a ‘stress reliever’ such as 

this,” Gerald said. 

Running has become a Boulet family 

affair. Gerald’s wife started running last 

year and ran 2 half-marathons in 2010. 

But as she was expecting their fifth child, 

she was in walking mode in April. Most 

recently, his oldest son ran 2 km in his 

first run on his ninth birthday with the 

goal of running a 5k race later this year. 

Active in his community of Lorette, 

Gerald is a mini-soccer coach, treasurer 

for the Knights of Columbus and was 

the Lorette Run Club lead person in 

2010. 

“While training for Boston this year 

I ran with the Road Kill group out of 

Winnipeg. The Dairy Farmers of Manitoba, 

my employer, is also a very active 

Mike Lockwood 

Dave & Marie Loewen 

Jack MacDonald 

John MacDonald 

Peter Macdonald 

Ken Matchett 

Ronald Matthews 

Stuart McKelvie 

“In honour of Ken Gray, one of my 

instructors who provided excellent 

instruction back in the early 1960’s.” 

- Don Winstone, CA 

“…in appreciation to the many teachers I have had 

in both the academic and the practical setting…in 

tribute and appreciation to the profession and you its 

leaders who carry on the traditions of excellence and 

professionalism established by the pioneers some 125 

years ago.” 

- Sid Halpern, FCA 

Kim Metcalfe 

Gary Miles 

Richard Olfert 

Art Pearson 

Ken Phernambucq 

Ross Phillips 

John Rae 

Ian Seymour 

Shirley Sommer 

Jon Singleton 

Lorraine Taraska 

Don Winstone 

Peter Wintemute 

Is there a special educator who was influential in your life or in your decision to become a CA? Consider making a donation in his or her honour to the Anniversary 

Fund for Teaching Excellence. Donations can be made online at icam.mb.ca (click on the green Foundation button and then click the "Donate Now" button). 

Manitoba CAs hit the ground running 

Gerald Boulet, CA, at the finish line in Boston. The 

photo was taken the day before the race as there was no 

way to take a picture like this the day of or even after the 

race. Gerald tells us that the hair loss is not a factor of 

being an accountant – it runs in his family. 

office with several people participating in the 

Manitoba Marathon, including a relay team,” 

Gerald said. 

“I would strongly encourage anyone who 

qualifies for Boston to go – it was the experience 

of a lifetime. I feel very blessed to have had this 

opportunity and could not have done it without 

the support of those around me, especially my 

wife,” he added. 

Speaking of Marathons.... 

Congratulations to all of our members who 

ran in the Manitoba Marathon on Father’s Day! 

Special kudos to Manitoba CA Brian Walker of 

PKBW Group, winner of the half-marathon. 

Brian also won the half in 2007, the last year he 

competed. 

Hats off also to CA Bradley Keefe with the 

Office of the Auditor General for placing third 

overall in the full marathon. Well done! 

Brian Walker, CA, winner of the 

Manitoba Half-Marathon.

Annual Softball Tournament 

Twelve teams took to the field in this year’s annual softball tournament. 

MNP Brandon defeated Ernst & Young 12-3 to win the A-side 

final and the Ernst & Young Trophy. 

CXA Recruiting defeated Exchange Income in the B-side final. 

Thanks to all participants who came out to enjoy the day. 

The team from MNP Brandon, winners of the Ernst & Young Trophy. 

B-side winners, CXA Recruiting. 

US Update - IRS Proceeds with Plans for 

Registered Tax Return Preparers 

In 2010, the IRS began implementing its plan 

to increase the integrity of the tax preparation 

industry by registering and regulating all paid 

tax return preparers. This plan consisted of the 

following main components: 

• 

• 

• 

• 

Require all tax return preparers to register 

and obtain a preparer tax identification 

numbers (PTINs); 

Require all registered preparers who were 

not previously bound by Treasury Department 

Circular 230 Regulations Governing 

Practice Before the Internal Revenue Service 

to become subject to these regulations; 

Initiate a process for testing tax return 

preparers; and 

Require a course of continuing education for 

tax return preparers. 

The IRS recently issued final regulations to 

modify the Treasury Department Circular 230 

rules of practice, mainly to encompass the new 

registered tax return preparer designation. 

Canadian paid preparers of US tax returns 

who are not US attorneys or US certified public 

accountants (CPAs) will become part of this 

new class of tax return preparers, and will be 

subject to the rules of practice contained in this 

Circular. US attorneys and CPAs and certain 

others were already subject to Circular 230 

regulations. 

Canadian professionals who have applied for 

a PTIN and will therefore become registered tax 

return preparers should familiarize themselves 

with the revised Circular 230 regulations. 

The next two components of the plan, standardized 

testing and continuing education are 

still at the development stage. 

Transition guidance was announced in 

Notice 2011-6, Implementation of Rules Governing 

Tax Return Preparers, issued December 

30, 2010. In particular, as an interim rule, 

there is no continuing education requirement 

for registered tax return preparers who obtain 

a provisional PTIN during the first year of 

registration, which commenced on September 

30, 2010. This notice also states that individuals 

who are supervised by a US attorney, 

US CPA, enrolled agent, enrolled retirement 

agent or enrolled actuary authorized to practice 

before the IRS will not be subject to the testing 

requirement provided that they do not sign tax 

returns or represent to the IRS or the general 

public that they are registered tax return preparers, 

and provided that the supervising law firm 

or CPA firm is authorized to practice law or be 

certified as a public accounting firm in the US. 

Given this final restriction, Canadian resident 

supervised tax preparers may not be exempt 

from testing. 

The IRS released Notice 2011-48, Registered 

Tax Return Preparer Competency Exam on June 

7, 2011. This notice invited public comments 

on the content and administration of this exam 

that were to be received by July 7, 2011. As 

previously announced in Notice 2011-6, this 

exam will initially focus on personal tax return 

preparation only, and preparers who do not prepare 

personal tax returns will therefore initially 

be exempt from the testing and continuing 

education requirements. 

The IRS reports on developments at the Tax 

Professionals section of the IRS website at 

irs.gov/taxpros/index.html. 

FOLIO 13

Here and There With Members 

(Unless otherwise noted, members are resident in Winnipeg.) 

ARNASON, Lauren K. (2010) previously with 

MNP LLP is now with Northway Aviation 

Ltd. 

CHEETHAM, Kristi L. (2006) recently 

accepted the position of Specialist, Technical 

Accounting and Research, with Agrium Inc. 

in Calgary, AB. 

COLLEY, Mark S. (2010) formerly with 

Magnus & Buffie is now Assistant Controller 

with Richardson International Limited. 

COOK, Sarah J.N. (2011) previously with 

BDO Canada LLP is now Financial Advisor/ 

Accountant with Indigenous Management 

Group. 

DALE, Andrew J. (2001) formerly with GWL 

Realty Advisors is now Director, Strategic 

Analysis, with Arctic Glacier Inc. 

DAVIES, Beverly J. (1984) was elected to 

the 2011-2012 Financial Executives International 

Canada board of directors. 

DELEURME, Lise G.M. (2001) was 

announced by the Women Business Owners 

of Manitoba as a finalist for their 2011 

Manitoba Woman Entrepreneur of the Year 

Award. Also, the practice of Lise Deleurme 

Chartered Accountant Inc. was recognized in 

the field of Micro-businesses by the Lauriers 

de la PME Awards, honouring entrepreneurial 

excellence of bilingual small and 

medium-sized businesses. 

DUTHIE, Ryan J. (2003) previously with Arctic 

Glacier Inc. is now with BDO Dunwoody 

LLP in Brandon, MB. 

EYOLFSON, Johann K. (2000) recently left 

Ernst & Young LLP to accept the position of 

Associate Partner Tax with Pricewaterhouse- 

Coopers LLP. 

FRIESEN, Scott K. (2001) formerly with Tim- 

Br-Marts is now with Shoemaker Drywall 

Supplies Ltd. in Calgary, AB. 

GOLDBERG, Carlie B. (2000) has left Great- 

West Life to accept the position of Assistant 

Controller with Tundra Oil and Gas Ltd. 

GUDERIAN, Rebecca J.M. (2009) previously 

with BDO Canada LLP is now with the 

Mennonite Central Committee Manitoba. 

HARTLEY, Gregory C. (2010) recently 

FOLIO 14 

transferred with PricewaterhouseCoopers 

LLP to Tampa, Florida. His position is now 

Senior Associate. 

HODKIN, Gail P. (2005) is now with Portage 

Regional Recreation Authority Inc. in Portage 

la Prairie. 

HORBATY, Frederick J. (1998) formerly with 

Western Financial Insurance Company is 

now Senior Director, Portfolio Reporting & 

Governance, with GWL Realty Advisors Inc. 

HUNTER, Karin A. (2005) previously with 

Deloitte & Touche LLP is now with Standard 

Aero. 

KNIGHT, Tanya N. (2000) has transferred 

to the Saskatoon office of MNP LLP and 

accepted the position of Regional Managing 

Partner for Northern Saskatchewan. 

LEMOINE, Kelly L. (1994) of the City of Winnipeg, 

has left the Public Works Department 

to accept the position of Assistant Controller 

with the Community Services Department. 

LYSYK, Bonnie J. (1985) was appointed, 

effective April 1st, as Provincial Auditor of 

Saskatchewan. 

MACDONALD, Terrence L. (1984) formerly 

with Canadian Public Accountability Board 

in Toronto has accepted Partnership with the 

firm SmytheRatcliffe LLP in Vancouver, BC. 

MONCUR, Lee N. (2006) previously with 

MNP LLP has accepted the position of 

Accountant with the Brandon Regional 

Health Authority. 

MURPHY, Judith-Ann (1994) formerly with 

MNP LLP is now President and Chief Executive 

Officer at Safety Services Manitoba. 

POKHOY, Jonathan M. (2010) previously with 

Deloitte & Touche LLP is now Controller 

with ML General Contracting Ltd. 

POPE, Richard D. (1982; FCA 2007) was 

elected to the Board of Directors of the 

Winnipeg Humane Society and will serve as 

its Treasurer for the 2011-2012 year. He is 

also the Chair of the Board for the Winnipeg 

Humane Society Foundation for 2011-2012. 

PROVEN, D. John (1994) previously with 

GrowthWorks Capital Ltd. is now with 

Conviron. 

ROSENBAUM, Michael S.C.A. (2002) formerly 

with the Winnipeg Free Press is now 

Corporate Controller with Arctic Glacier Inc. 

RUBEL, David T. (1984) has left the Winnipeg 

Regional Health Authority to accept 

the position of Director of Enterprise Risk 

Management with Alberta Health Services in 

Edmonton, AB. 

SCOTT, Pauline M. (1998) is now Manager of 

the Corporate Accounting Department with 

Arctic Cooperative Ltd. 

SHAH, Archit (2001) is now with Globe Wireless, 

LLC, in Palm Bay, Florida, USA. 

SIMPSON, Elizabeth O. (2003) is now Manager, 

Financial Reporting, with Kulczyk Oil 

Ventures Inc. in Calgary, AB. 

SIMPSON, L. Angela (2010) formerly with 

Ernst & Young LLP is now with 24-7 

Intouch. 

SPIVAK, Marly R. (1998) previously with 

Viterra is now with Investors Group. 

ST. AMANT, Michel E.J. (1991) formerly with 

the Office of the Auditor General is now 

Manager, Accounting Standards, with Manitoba 

Finance, Comptroller's Division. 

TANG, Wai Y. (Patricia) (2009) previously with 

Hemenway Silver, accepted the position of 

Senior Financial Analyst with MTS Allstream 

Inc. 

WURCH, Jordan C. (2009) has left Deloitte 

Bermuda and is now a Manager in Financial 

Services Audit Consultancy at Deloitte UK 

in London, England. 

Notice of Termination 

In accordance with bylaw 333 the following 

members of the Institute, namely: 

Mary Janeth BEEHLER 

Nicholas August HILDEBRAND 

were terminated from membership status in 

the Institute by reason of non-payment of 

membership fees and/or failure to file CPD 

compliance report. 

Their names have been removed from 

the Register of The Institute of Chartered 

Accountants of Manitoba.

Welcome to New Members 

Admitted by Affiliation 

Sonja Anita CARNEY 

John Damgaard LAUGESEN 

Admitted by Examination 

Joshua P. BLATT 

Andrew Michael BROWN 

Anna Mae BRYANT 

Hao CHEN 

Philip Thomas COSS 

Patrick Kevin DUECK 

Douglas Kyle FRIESEN 

Kelsey Leah GIESBRECHT 

Ashley Elizabeth GOODING 

Terrence Stacy MARTENS 

Ira PEREZDETAGLE 

Admitted by CA Reciprocity 

Sanet SWANEPOEL 

Retired Members 

The following members (year of designation shown 

in brackets) retired and were granted exemption of 

membership fees. 

Gary Peter BURDEY (1972) 

Barton Thomas BURRON (1971) 

William Stewart CAMPBELL (1974) 

Gilles Joseph Lucien CHAPUT (1975) 

Paul John COURTEAU (1972) 

Linda Carol EMBY (1980) 

Robert FILUK (1963) 

Siang Guan FOO (1972) 

Jeffrey Burton GRESHAM (1977) 

Lloyel Quentin Burrows HULL (1966) 

Robert Charles HUNTER (1963) 

Thomas Douglas KIRKUP (1974) 

Bennard Michael LAPCHUK (1969) 

Robert Harold LEGGETT (1976) 

James Ross NICHOL (1971) 

Donald Joseph PLUNKETT (1971) 

Christopher Robert PRYSTENSKI (1976) 

Judith Rebecca PUTTER (1977) 

John Michael SPENCE (1965) 

Daniel Frederick STOCKWELL (1975) 

Frederick Douglas ZAPLITNY (1972) 

News of Members 

Resigned in Good Standing 

Please note that members who move to another 

province or territory in Canada or Bermuda, 

obtain membership with that Institute of residence 

and do not wish to retain Manitoba membership 

are required to advise the Manitoba Institute 

in order to avoid suspension or termination of 

membership in Manitoba. In most cases, members 

who resign no longer reside in Manitoba and 

hold membership in another provincial institute. 

Resignation in good standing was accepted for the 

following: 

Derrick H. ANTHONY 

Member 2004 

(Residing in Quispamsis, NB) 

Joyce Margaret Anne FINLAY 

Member 1978 

(Residing in Winnipeg, MB) 

Martin FISH 

Member 1990 

(Residing in Vancouver, BC) 

Karla Leanne GINTER 

Member 2007 

(Residing in Lethbridge, AB) 

Patrick Edward GROENING 

Member 1999 

(Residing in Kelowna, BC) 

Joyce Mary HADALLER 

Member 1975 


Roland Norman HAMLIN 

Member 1995 

(Residing in Manitou Beach, SK) 

James Saundry HENDERSON 

Member 1982, FCA 1989 

(Residing in St. Albert, AB) 

Pawel Igor KUZEMCZAK 

Member 2009 

(Residing in Toronto, ON) 

Alana Margaret MACNEILL 

Member 2003 

(Residing in Halifax, NS) 

Charles William MARKUSA 

Member 1973 


Natalie Mae MARMUS 

Member 2010 

(Residing in Kenora, ON) 

Cameron Ronald MARSLAND 

Member 1989 

(Residing Selkirk, MB) 

Alexander James Fead MCAULEY 

Member 2009 

(Residing in Dryden, ON) 

Jennifer Lynn OSSENI 

Member 2006 

(Residing in Ottawa, ON) 

Noble Darryl Jerold SEGAL 

Member 1971 


Brent Michael STEELE 

Member 2000 

(Residing in Nepean, ON) 

Andrew Clifford WILTON 

Member 1970 

(Residing in Brandon, ON) 

Firm Changes 

Effective June 6, 2011, the practising firm 

name Meyers Norris Penny LLP Chartered 

Accountants changed to MNP LLP Chartered 

Accountants. 

K.E. Gray (1948) deregistered his practice 

Kenneth E. Gray, Chartered Accountant, 

from public accounting. 

Application for the incorporation of a professional 

practice was accepted for Dion Bird 

Chartered Accountant Inc. 

The practising firms of M.J. Beehler, Chartered 

Accountant, and Nick A. Hildebrand, 

Chartered Accountant, were involuntarily 

closed as a result of the membership termination 

of the firm’s sole practising member. 

In Memoriam 

We record with regret the passing of: 

Terence EGAN 

(Member 1957) 

Passed Away March 7, 2011 

Thomas John HEINTZ 

(Member 1980) 

Passed Away June 12, 2011 

Brian James THOMPSON 

(Member 1966) 

Passed Away April 11, 2011 

Godfrey Donald TIPPETT 

(Member 1966) 

Passed Away March 30, 2011 

FOLIO 15

Telephone Numbers & Email Addresses for Institute Staff 

Gary Hannaford FCA 

Chief Executive Officer 

ghannaford@icam.mb.ca Direct Line: 924.4410 

Kathy Zaplitny CA 

Sr. Director of Professional Services & Operations 

kzaplitny@icam.mb.ca Direct Line: 924.4411 

Kim Metcalfe CA 

Director of Student Recruitment and Ethics 

kmetcalfe@icam.mb.ca Direct Line: 924.4419 

Dianne Laidler CMA 

Director of Administration 

dlaidler@icam.mb.ca Direct Line: 924.4412 

Shirley Sommer CA 

Registrar 

ssommer@icam.mb.ca Direct Line: 924.4414 

Tanya Beck 

Manager of Communications 

tbeck@icam.mb.ca Direct Line: 924.4416 

FOLIO 16 

PROUD TO JOIN 

THE CELEBRATION. 

Congratulations to the Institute of Chartered 

Accountants of Manitoba as you celebrate 125 years 

of commitment to your members and their clients 

in communities across the province. 

At CA Insurance Plans West, we’re proud to be 

a partner in providing your members with custom 

insurance solutions. 

Visit caipw.ca or call 1.800.661.6430 

CA Insurance Plans West offers coverage exclusively to CAs and CA firms. 

Term Life Insurance • Long Term Disability • Medical and Dental • Home & Auto Insurance (AB only) • Office Contents 

Jody Bibeau 

Receptionist/Clerk 

jbibeau@icam.mb.ca Direct Line: 942.8248 

Michelle Chartrand 

Executive Assistant 

mchartrand@icam.mb.ca Direct Line: 924.4418 

Darlene Kochanski 

Communications Assistant 

dkochanski@icam.mb.ca Direct Line: 924.4415 

Marie Kostiuk 

PD Coordinator 

mkostiuk@icam.mb.ca Direct Line: 924.4413 

Kimberly Leung 

Assistant Registrar & Accounting Assistant 

kleung@icam.mb.ca Direct Line: 924.4417 

Practice Advisory Services Line 

942.8248 ext. 211 

Coming 

Events 

Uniform Evaluation 

September 13-15 

Member Recognition 

Dinner 

The Fairmont Winnipeg 

Wednesday, November 9 

Reception 6 pm 

Dinner 6:45 pm 

UFE Results Release 

Friday, December 2 

Summer 

Hours 

The Institute is now 

operating on summer 

hours. Our doors are open 

from 8:30 am to 4:30 pm. 

Regular office hours (8:30 

am to 5:30 pm) will resume 

in the fall on Tuesday, 

September 6. 

The office will be closed 

on the following statutory 

holidays: 

• August 1 

• September 5 

• October 10 

Folio published by: 

The Institute of Chartered Accountants of Manitoba 

700 - One Lombard Place, Winnipeg, MB R3B 0X3 

Tel: 204 942.8248 Fax: 204 943.7119 

Toll Free in MB: 1 888 942.8248 

icam@icam.mb.ca www.icam.mb.ca

James Doer Elected President - The Institute of Chartered ...

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