Ian Seymour Elected President - The Institute of Chartered ...

Ian Seymour Elected President
Ian Seymour was elected President and
Chair of the Council of the Institute
of Chartered Accountants of Manitoba
for 2009-10 at the Council meeting held
immediately after the Institute’s Annual General
Meeting on June 16th.
“It is an honour for me to serve as your
President at such an important time for the
profession. Our nationally developed strategic
plan is well into its implementation and the
national cooperation and collaboration in
support of our vision and mission continue to
grow,” Seymour said.
A particular priority that Council has
identified to act in the public interest is
the need to implement a public accounting
licensing regime in Manitoba.
This province is one of only two provinces in
Canada where anyone can provide an audit or
assurance engagement on most privately-held
enterprises.
“We believe it is in the public’s interest
that this situation be changed. We have
recommended a public accounting licensing
system to the provincial government and we will
keep you up-to-date with developments in this
area, and how it relates to the labour mobility
provisions of the Agreement on Internal Trade,”
Seymour said.
“The Institute fully supports the intent
behind the AIT so long as it does not result in
a lowering of standards. We believe that the
solution to the public accounting issue is the
development of common public accounting
licensing standards across Canada that are
consistent with international standards. We will
be continuing to work toward this goal,” he
added.
Ian began his career with Price Waterhouse
and Company in 1971 and qualified as a
chartered accountant in Manitoba in 1975.
He was admitted to partnership at Price
Waterhouse in 1985 where he led practice units
in Ottawa and Winnipeg.
In 1992 he joined the International Institute
for Sustainable Development as Operations
Manager and is currently Secretary Treasurer
and Chief Financial Officer of the IISD.
CAs Partner with Asper School
The Institute announced a founding contribution of $500,000 to the new Downtown Campus of the I.H.
Asper School of Business on May 11, 2009. Above (l-r): Gary Hannaford, FCA, CEO of the Institute; Dr.
David Barnard, President of the University of Manitoba; Heather Clarke, FCA, then-President and Chair
of the Institute; Dr. Glenn Feltham, Dean of the I.H. Asper School of Business.
Issue #159
June / July 2009
Ian Seymour, CA, newly elected President of the
Institute addresses members at the luncheon held
following the AGM.
Ian was first elected to Council in 2003.
In 2007-08 he was appointed Second Vice-
President and he served as First Vice-President
this past year.
He has also served on the Interprovincial
Board of Examiners and the Institute’s
Corporate Governance and Nominating and
Membership Linkages committees. Ian was
Chair of Membership Linkages in 2007-08.
Active in professional and community
affairs, Ian is completing his term as President
of the Rotary Club of Winnipeg. He is a Past
President of the Volunteer Centre of Winnipeg
and the University of Winnipeg Alumni
Association. He is a past Treasurer of the Heart
and Stroke Foundation of Manitoba.
He has served as an officer and director of
the Manitoba Chamber of Commerce. He has
also served on the editorial board of a series of
business advisory books published by one of
Canada’s leading banks.
“I am honoured to serve as your president,”
Seymour said. “There will be challenges in
the coming year. We may not always agree on
everything, but I promise that I will endeavor
to represent all of you, your interests and
aspirations and the goals of the profession to
the best of my abilities. I look forward to a
memorable year working with Council and the
Institute staff.”
FOLIO 1

Updated Independence
Guide
The independence standard, which is codified in
Rule of Professional Conduct 204, took effect
in 2004. It has essentially remained unchanged
since then, other than a revision in 2005 that
took effect in 2006 to address mutual funds.
The standard is lengthy, and the application
in a number of circumstances is not well
understood. For instance, one area of confusion
is regarding the application of the independence
standard to the ability to provide assurance
services or compilation services when the
practitioner is also assisting with the preparation
of accounting records and/or journal entries, as
well as the related disclosure requirements.
At the June AGM the membership approved
an additional Council Interpretation to
Rule 204.8 - Independence - Disclosure of
Impairment of Independence.
New paragraph 4 states, “For the purposes
of Rule 204.8 the preparation of accounting
records or journal entries in connection with
a compilation engagement is not an activity
that requires disclosure in the Notice to Reader
unless such preparation involves complex
transactions as contemplated by paragraph 143
of the Council Interpretations to Rules 204.1
to 204.6”.
The Guide to Canadian Independence,
FOLIO 2
prepared in 2003 to provide guidance when the
Rule was released, has recently been updated
to cover additional areas that are subject
to frequent calls to practice advisors of the
provincial institutes. These include:
• The disclosure requirements for
compilation engagements;
• Communication requirements - both
requirements by members and students
to communicate within the firm any
interests, relationships, or provision of
services precluded by Rule 204; as well as
requirements by firms to communicate
matters relating to independence to clients;
and
• The impact of the adoption of
International Standards on Auditing (ISA)
as Canadian Auditing Standards (CAS).
This Guide has been produced by the CICA
in a PDF format, which will allow users to
search by key words.
A project is also underway to create an online
version of the Guide that links references to
the Rule of Professional Conduct 204 and the
related Council Interpretation to the Member’s
Handbook for each PICA.
An update will be sent to members by email
when this is available.
Financing Toolkit for Small &
Medium Businesses
The CICA is pleased to announce publication of The Financing Toolkit for Small & Medium
Businesses, written by Gary A. Fitchett, CA in sponsorship with the Business Development
Bank of Canada.
The Financing Toolkit for Small & Medium Businesses
is one of the most comprehensive, easy-to-use guides
available on this subject. Written and vetted by
experts in the field, it provides a structured step-bystep
process for business owners to understand the
various financial options and choices available to meet
their specific needs.
It then guides them, in plain and straightforward
language, through the entire process, from drawing
up a business plan, to the do’s and don’ts of the
presentation, and responding to rejection should it
come.
The Toolkit is available to order at knotia.ca/store/
financing or by calling (toll free) 1-800-268-3793.
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 sets 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 2009-2010.
In considering the appointment of
auditors, the committee evaluates the
performance of 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
other than “optics”, 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, with a fee
to be pre-set by the Audit Committee.
Rick M. MacKay, FCA
Chair
2008-2009 Audit Committee

Council and Officers Elected for 2009-2010
At the 123rd Annual General Meeting
of The Institute held on June 16, 2009, ten
members were elected to serve on Council
for a two year term.
The ten members elected were Cheryl
Atchison, Stephen Childerhouse, James
Doer, Larry Frostiak, David Loewen, Rick
MacKay, Stuart McKelvie, Brenna Minish-
Kichuk, Richard Pope, Kevin Regan, and
Heather Reichert.
At the Statutory Meeting of Council
following the AGM, Council elected the
2009-2010 Officers and members of the
Executive Committee. Council is composed of
the officers, members-at large and two public
representatives.
2009-2010 Officers of Council
Ian R. Seymour, CA, President & Chair
Douglas J. Tkach, CA, First Vice-President
James D. Doer, CA, Second Vice-President
Rick M. MacKay, FCA, Secretary-Treasurer
Above: Kevin Dancey, FCA, President and CEO of
the CICA was the keynote speaker at the luncheon
held following the Annual General Meeting.
Ian Seymour, CA
President & Chair
Members-at-Large
Cheryl A. Atchison, CA
Stephen W. Childerhouse, CA
Jeffrey G. Cristall, CA•CBV
Larry H. Frostiak, FCA
Catherine J. Kloepfer, FCA
Dave Loewen, CA
Brenna J. Minish-Kichuk, CA
Teresa L. Okerlund, CA
Richard D. Pope, FCA
Kevin E. Regan, CA
Heather D. Reichert, CA
Doug Tkach, CA
First Vice-President
Left: Incoming President Ian Seymour,
CA (left) thanks outgoing President
Heather Clarke, FCA for her service
on Council at the Annual General
Meeting of the Institute.
Right: Irene Merie (left) is thanked for
serving six years on Council as one of
the public representatives by outgoing
President Heather Clarke, FCA.
James Doer, CA
Second Vice-President
Public Representatives
Dr. Jerry L. Gray
Anita R. Wortzman LLB
Rick MacKay, FCA
Secretary-Treasurer
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 Jerry’s fifth year serving as a
public representative and Anita’s first.
Anita Wortzman Appointed
as Public Rep to Council
Ian Seymour, President of
representative on Council from
The Institute of Chartered
2003-09.
Accountants of Manitoba, is
Anita is CEO of Acumen
pleased to announce that Anita
Corporate Development Inc. She
R. Wortzman, LLB, was recently
has a law degree and a Bachelor
appointed to Council for a two
of Commerce, with a major
year term.
in Marketing. Anita was Chief
Anita joins Dr. Jerry Gray as a
Operating Officer of Activa
public representative serving on
Consumer Promotions and prior
Council.
As required under the
provisions of The Chartered
Anita R. Wortzman LLB
Public Representative
to that, Anita was responsible
for US acquisitions for Assante
Corporation.
Accountants Act, RSM, Anita’s
She has been active in the
appointment was made by Dr. David Barnard, community, serving on the Boards of Jewish
President of the University of Manitoba. She Foundation of Manitoba and as past President
replaces Irene Merie, who served as a public of the Board of Jewish Education.
FOLIO 3

Accounting Standards for Private Enterprises
New accounting standards for private companies take an
important step forward
Much attention has been focused on the 2011
adoption of International Financial Reporting
Standards (IFRS) for publicly accountable
enterprises but Canadian standards setters
recognize that IFRS might not meet the needs
of all private companies.
“The AcSB recognizes that one size does not
necessarily fit all. While some private businesses
will opt to report under IFRS, the majority will
prefer to adopt a more straightforward set of
standards specifically tailored to address private
business issues,” said Ron Salole, Vice-President,
Standards - Canadian Institute of Chartered
Accountants
The AcSB’s proposed changes to Private
Company GAAP are outlined in a recent
Exposure Draft Generally Accepted Accounting
Principles for Private Enterprises. This Exposure
Draft puts forward a separate set of accounting
standards focused on private enterprises.
“The proposed standards focus on the
needs of users of private enterprises financial
statements and take into account the difficulties
private companies face in applying complex
accounting standards,” said Greg Edwards,
Principal with the AcSB responsible for private
enterprise issues.
“They include simplified recognition and
measurement standards for several complex
accounting issues, including financial
instruments, and substantially reduced
disclosure requirements.”
Congratulations!
Chartered Accountant William H. Loewen and his wife Shirley E.
Loewen were recipients of the Winnipeg Arts Council Arts Champion
Award.
The Award was presented by Councillor Gord Steeves, on behalf of
Mayor Sam Katz at the Mayor’s Luncheon for the Arts on June 11,
2009.
The Arts Champion Award honours an individual or business patron
that has demonstrated sustained support to the arts in Winnipeg.
For decades, William and Shirley Loewen have supported the arts
in Winnipeg. They were nominated by the Winnipeg Symphony
Orchestra, The Manitoba Opera, and the Manitoba Theatre Centre.
Congratulations to Bill and Shirley who received a unique work by
Winnipeg artist Jeanette Johns.
Pictured on the right, Gord Steeves (left) presents Shirley and Bill Loewen,
FCA with the Winnipeg Arts Council Arts Champion Award.
FOLIO 4
Go to www.acsbcanada.org/edpegaap to
view the Exposure Draft. Comments are to be
received by July, 31 2009.
Senior level AcSB and CICA staff are
participating in various events across the
country to raise public awareness of the
proposed standards and encourage stakeholder
input on the exposure draft.
For more information see the cover story in
CAmagazine (May) Private Matters and visit
the CICA’s Canadian Standards in Transition
website for developing orientation and training
materials.
Updates on the deliberations will be made
public on AcSB’s website (www.acsbcanada.org)
following the comment deadline.
Overview
The proposed standards are built from the
existing CICA Handbook– Accounting, which
will be familiar to many users thereby not
requiring extensive education or training.
Change on recognition and measurement
issues is limited to areas of most concern
to stakeholders, most notably: financial
instruments; employee future benefits; asset
retirement obligations; internally developed
intangible assets; impairment testing for
goodwill and other intangible assets; and, stockbased
compensation.
Other major changes include elimination of
EIC Abstracts as they currently exist, deletion of
sections and guidelines thought to be generally
irrelevant to this sector, and a total refocus of
disclosure requirements.
The new standards aim to reduce the number
of specific disclosure requirements (reduced
by approximately one-half as compared to
the existing Handbook) while still providing
sufficient information to give a fair presentation
of an enterprise’s financial position and
operating results.
The Exposure Draft also contains a new
section that sets out transitional provisions
for first-time adoption of the proposed
standards. Section 1500, First-time Adoption, is
designed to ensure an enterprise’s first financial
statements prepared in accordance with the
new standards contain high-quality information
that is transparent and comparable, provide a
suitable starting point for accounting under
new standards, and can be generated at a cost
that does not exceed the benefits to financial
statements users.
The proposed standards would be effective
for annual financial statements relating to fiscal
years beginning on or after January 1, 2011, but
early adoption would be permitted.
The AcSB expects that the final standards will
be issued in time for use for 2009 calendar-year
end financial statements. They will be available
to any private enterprise. No size threshold or
other barriers, such as unanimous consent by
shareholders of other users, will be imposed.

Foundation
Board
Approves
New
Strategic
Plan
The Manitoba Chartered Accountants
Foundation approved its new strategic
plan on May 5, 2009.
The is the first new strategic plan in
almost 10 years and it focuses on five key
strategies:
• Influencing increased CA candidate
intake
• Implementing a comprehensive
fundraising strategy
• More effectively promoting the
Foundation
• Promoting academic excellence
• Updating other existing Foundation
activities
The new plan reflects modernized
thinking with a significant shift toward
focusing on students in secondary
schools and universities as well as
immigrants and potential career
changers.
In the past, most of the awards, bursaries
and scholarships have been more focused
on individuals who have already become
CA students. The Board also feels more
attention must be spent on recognizing
and attracting young aboriginals into the
profession.
In Manitoba, in particular, this should
be considered a significant untapped
resource that may benefit substantially
from some financial support as they
pursue careers.
To accomplish the strategic plan the
Board has also identified specific action
steps for the next two years and the work
is already underway.
Scholarships Awarded
Students from over 200 high schools across the province applied and seven individuals were chosen 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 have all indicated that they will be
continuing their education at a Manitoba university and that they intend to enter the CA profession
upon completion of their degree.
CA High School Scholarships
The Institute of Chartered Accountants of Manitoba is pleased to announce that Stephanie
Faintuch, Alison Smith, Jennifer Solman, and Mark Tomiak are the recipients of the 2009 Chartered
Accountant High School Scholarships and wishes them every success in their future endeavors.
Stephanie Faintuch Alison Smith Jennifer Solman Mark Tomiak
Allan M. Moore Scholarships
The Manitoba Chartered Accountants Foundation congratulates Jaylene Hoffman, Steven
Honcharik, and Dustin Johnson, recipients of the 2009 Allan M. Moore Scholarships, and wishes
them every success in their future endeavors.
Jaylene Hoffman Steven Honcharik Dustin Johnson
Retiring Foundation Chair
Paul Wright, FCA, served the past two years as President
of the Manitoba Chartered Accountants Foundation and
was Vice-President from 2006-2007. He first joined the
Board seven years ago.
Right, retiring Foundation Chair, Paul Wright, FCA, accepts
a token of appreciation from outgoing Institute President,
Heather Clarke, FCA at the Annual General Meeting held
June 16th, 2009 at the Winnipeg Convention Centre.
FOLIO 5

Bookmark It!
www.cica.ca/ifrs
The Chartered Accountants of Canada’s IFRS website is your trusted source for everything IFRS. It
provides one-stop access to the latest IFRS information and learnings, expertise from the profession,
and a broad range of resources and courses.
IFRS Resources
The CA profession offers a wide range of resources to help you facilitate a seamless transition to IFRS.
Courses, conferences, reference materials, downloadable publications, ideas on how to get started and
implementation tools are easily accessible at www.cica.ca/ifrs.
Here is a sampling of what is available.
• The CICA’s Guide to IFRS in Canada
Our quick reference guide includes a
comparison, prepared by the staff of the
AcSB, of the CICA handbook standards
with comparable IFRS standards
• Introduction to IFRS – Implications for
Canadian Business
Highly recommended for every Canadian
CA. This 3-hour e-learning course is an
excellent IFRS primer, providing the ABCs
of everything IFRS. It is free, offered in
English and French, and qualifies for CPD
credits.
• In-depth IFRS 1 – First Time Adoption
3-day program providing in-depth
coverage of key issues you and your
organization will need to address during
the transition to IFRS. Basic IFRS
understanding required.
Vancouver: Sept. 23-25
• IFRS Immersion
4-day program providing rigorous and
comprehensive coverage of major IFRS
requirements. Basic IRRS understanding
required.
Toronto: Dec. 14-17, Halifax: Aug. 10-13
• Research Skills for and IFRS World
This web-based 20-hour self study course
provides background on the accounting
methodologies in Canada, the US and
internationally. You will be provided with
FOLIO 6
•
practical research methodology guidance
as well as a completed research memo for
training purposes.
Financial Reporting in Canada Under IFRS
Provides practical IFRS explanations and
illustrations, focusing on the needs of
preoparers of financial statements and
practitioners.
…and for Your Clients
• IFRS Conversions: What CFOs Need to
Know and Do
Helps CFOs address conversion
implications, including consideration of
the conversion process itself and issues
relating to risk, stakeholder relations,
financial reporting, andinternal controls
which will be triggered by the transition.
• Pre 2011 Communications about IFRS
Conversion
This CPRB guidance discusses all aspects
of conversion and advocates a proactive
and transparent communication strategy to
serve preparers, investors, and analysts.
• 20 Questions Boards of Directors and
Audit Committees should ask about IFRS
Conversions
Discusses key considerations and the
questions board and audit committee
members should be asking now to ensure
their organizations are prepared for IFRS
conversions.
Changeover
to IFRSs:
Jan. 1, 2011
12 reasons to stay
the course
The Accounting Standards Board
(AcSB) says delaying the adoption
of International Financial Reporting
Standards due to the current economic
climate is not a viable option.
The AcSB recently released a paper
entitled, “Canadian Accounting
Standards, Changeover to IFRSs: January
1, 2011”.
This publication explains twelve factors
the Board considered for the 2011
changeover date for the adoption
of IFRSs by publicly accountable
enterprises.
January 1, 2011 is not an arbitrary date.
It was chosen after much discussion,
analysis of the factors that affect financial
reporting in Canada and examination of
all available options.
The key factors that were debated,
weighed and considered are discussed
within the bulletin. Costs and benefits
were carefully considered; vital
considerations in this time of restraint.
The various factors and progress to date
were reassessed last year. Canada is “on
track.” The AcSB continues to monitor
the situation in light of the current
market conditions and other factors.
Changeover to IFRSs: January 1, 2011,
can be accessed at the AcSB’s website at
www.acsbcanada.org.

New practical experience requirements
Some changes, more recruitment opportunities for firms
The profession’s new practical experience
requirements, already in place for corporate and
government employers of CA Students, come
into effect for all CA firm training positions
beginning on or after September 1, 2009.
At that time, all “grandparented CATOs” –
i.e. all CA firms already approved to train CA
students (former “ATOs”) – will be required
to adopt the new requirements for positions
in the traditional audit and assurance streams.
Students hired before September 1, 2009 may
complete their practical experience under
former requirements.
Significant changes
The new requirements have minimal impact
on CA firm training programs, since they are
based on CA firm best practices. The most
significant changes are:
• the introduction of a formalized
supervision structure
Annual Softball Tournament
Ten teams took to the field in this year’s annual softball
tournament. CXA Recruiting defeated MNP Brandon 16-8 to win
the A-side final and the Ernst & Young Trophy.
Accounts Playable, one of the teams representing MNP
Winnipeg, defeated the defending champions, KPMG, with a
score of 13-2 in the B-side final.
Thanks to all participants and extra kudos to the MNP team
who came in from Brandon for the event.
• regular, documented meetings between a
“Counselling Member”, who acts as a CA
mentor and each CA Student
• a Record of CA Qualifying Experience
(“RQE”), which all CA Students must
maintain; and
• revised requirements for reporting to the
Profession.
New recruiting opportunities
The new requirements also allow CA firms to
recruit students directly into practice areas other
than audit and assurance, such as taxation or
business advisory services.
Students qualifying as CAs through these
routes would not be required to meet the
mandatory hour requirements to practice
public accounting, but would develop their CA
competencies in other areas.
Not everyone who is qualified and interested
in training to be a CA wants to train in audit
and assurance; opportunities in other areas
allows the profession to benefit from their
talents and abilities.
CA firms interested in training students
in these other areas should contact Kathy
Zaplitny at the Institute at (204) 924-4411 or
kzaplitny@icam.mb.ca for more information.
All CA Training Offices in Manitoba will
receive a detailed information package on the
new practical experience requirements in early
summer.
You can also get more information at our
dedicated website at www.CATOadvantage.ca
or by contacting Lara Greguric, Associate
Director, CA Training Office Liaison at
greguric@casb.com or at (604) 488-2645 or
(toll free) 1-866-420-2350.
Practical experience requirements are
changing – but they are changes that respect
and enhance the excellence of CA student
training.
The team from CXA Recruiting, winners of the Ernst & Young Trophy.
B-side winners, Accounts Playable.
FOLIO 7

FOLIO 8

2009-2010 Fall / Winter PD Program
Accounting, Financial Reporting and
Assurance
Accounting, Auditing & Professional Practice
Update
Compilation Engagements
Evaluating Internal Control: A “Top Down
Risk Based” Audit Approach
Financial Statement Presentation &
Disclosure
Fraud Happens! What to do when you
Suspect Fraud
How to Approach the Audit of Simple
Entities
IFRS – Financial Statement Note Disclosure
IFRS – Financial Statement Presentation
IFRS – On a Need to Know Basis
IFRS – Revenue Recognition
IFRS – Survey of the Standards
Preparing Working Papers for an Audit
PSAB Update
Quality Assurance
Revenue Recognition
Review Engagements
Small Practices – How do we Survive &
Thrive
Transition to International Auditing Standards
Transitioning to Private GAAP
Understanding Fraud Risk Factors
Taxation
Advanced Tax Planning Strategies
Catching Up – 5 Years of Income Tax
Developments
Corporate Tax Returns
CRA Charities Directorate Road Show for
CAs
Eligible Dividend Regime
Everyday Tax Issues for the General
Practitioner
General Practitioners “Need to Know”
GST Refresher for Professionals
GST Issues for the Non-profit Sector
2009 Income Tax Update
Interest, Penalties and Fairness
Introduction to U.S. Corporate Taxation
Practicing Safe Tax
Tax for Controllers
Tax Decisions with Long-Term Implications
Tax Issues in Real Estate: What Do You Need
to Know?
Tax Issues for Private Corporate Groups
Taxation of Domestic Family Trusts:
Advanced
Taxation of Domestic Family Trusts: Basic
Taxation of Domestic Trusts – Compliance
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: $800 until October 16
$950 after October 16
• Non Member Pricing:
$1,100 until October 16
$1,200 after October 16
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 16
$2,200 after October 16
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).
$250 until October 16
$300 after October 16
To purchase a PD passport, go to www.icam.mb.ca and download a registration form or call
us at 942-8248. Please note that mini passports and personal passports can be purchased using
the Member Login at www.icam.mb.ca.
Wealth Management
Charitable Giving – A Detailed Review of
Tax Issues and Planning Strategies
Creating a Financial Plan
Creative Compensation and Fringe Benefits
for Small Business
Estate Planning for High Net Worth
Individuals
Personal Investing
Planning for a Successful Retirement
Tax Planning for Owner Managers on
Business Succession
Income Tax Considerations when Investing
What is Wealth Management for Affluent
Canadians
Corporate Finance
Advanced Business Valuations
Corporate Treasury Management
Introduction to Business Valuations
Management, Leadership & Professional
Development
Advanced Internet Research Techniques for
Accountants
Delegation – Sharing the Load Effectively
Effective Financial Analysis for Business
Decisions
Enhancing Individual & Team
Communication
Getting the Most Power from your Brain
Insights into Coaching and Mentoring
Leading Effective Meetings
Leading from Within
Manitoba Check-Up – A Presentation on
Living, Working & Investing in Manitoba
Motivating Employees and Recognizing
Contribution
Open Source Business Tools for Accountants
Speed Reading
Strategy & Risk Management for Financial
Managers
Tax for Controllers
The CFO and Risk
The CFO and Governance
Information Technology
Excel Budgeting & Forecasting Techniques
Excel Tips – Part I
Excel Tips – Part II
Outlook for Accountants
Word Beyond the Basics
PD On-Line
CICA Handbook Accounting Refresher
Income Tax Refresher – Corporate
Income Tax Refresher – Personal
FOLIO 9

Here and There With Members
(Unless otherwise noted, members are resident in Winnipeg)
BARFUSS, Jeffrey W. (2000) previously
with Enmax Corporation is now with
ConocoPhillips in Calgary, AB.
BARNES, Dionne N. (1997) is the Director
of Finance and Administration with St.
Margaret’s School in Victoria, BC.
BOMHOF, Jeremy J. (2005) formerly with
Deloitte & Touche LLP is now with Exchange
Industrial Income Fund.
BORGER, D. Mark (1986) is now with New
Flyer Industries Canada Inc.
BUCKINGHAM, David E. (2009) recently
accepted the position of Assistant Controller,
Grain Merchandising, with Richardson
International Limited.
CARTER, Donald, G.A. (1974) received a
Distinguished Service Award from the Alberta
Institute for his contribution to accounting
education in Canada.
CHAN, Rosita M.C. (1979) has left OPTI
Canada Inc. and accepted a position with
Nexen Inc. in Calgary, AB.
CREWSON, Delmore C.W. (1967; FCA 1982)
was appointed Chair of Finance Canada’s
external Audit and Evaluation Committee by
the Deputy Minister.
DYCE, Brian R. (1978) previously with Acsion
Technologies Inc. is now with Red River
College.
ENNS, Teresa P. (2009) formerly with Ernst &
Young LLP is now Senior Financial Analyst
with The Wawanesa Mutual Insurance
Company.
FETTERLY, Sarah K. (1985) is now with
Sequoia Energy Inc.
FRASER, Laura M. (2008) previously with
Deloitte & Touche LLP is now Corporate
Accountant with Westman Group Inc.
GREWAR, Cheryl C. (1988) formerly with
Mondrian Hall Inc. is now with Frantic
Films.
FOLIO 10
HENLEY, Dwayne E. (1991) previously with
Big Freight Systems Inc is now with Medicure
Inc.
HERMAN, Gerald N. (1982) is now
with Parexel International in Lowell,
Massachusetts.
JANSEN, Diane C.M. (1985) formerly with Air
Canada is now with the City of Winnipeg.
KOLISNYK, Heather C. (1995) previously
with Standard Aero Limited is now with the
Workers Compensation Board of Manitoba.
KUKELKO, Michael D. (1987) formerly with
Pope & Brookes LLP is now with Meyers
Norris Penny LLP.
LYSYK, Bonnie J. (1985) is now Vice-President,
Internal Audit, with Omers in Toronto, ON.
LYTLE, Ryan J. (1998) previously with Viterra
is now with Motor Coach Industries.
MORRISON, Sandra J. (1984) formerly with
CAA Manitoba has accepted a position
with Agency Accountability and Support,
Manitoba Family Services and Housing.
NERO, Kenneth J. (1992) is now with the
Province of Manitoba.
NEUDORF, Gordon V. (1990) previously with
Deloitte & Touche LLP is now Senior Vice-
President with Meyers Norris Penny LLP.
NICHOLAS, David R. (1983) has accepted a
position with Stefanson Lee Romaniuk.
RAMSEY, M. Brett (2006) is now with the
Canadian Wheat Board.
ROBERTSON, Allison L. (1998) has accepted
the position of Manager of Taxation with
Cangene Corporation.
SCHMIDT, Anthony J. (2007) has transferred
with BDO Duwnoody LLP to their office in
Morden.
SHIELDS, J. David (1990) formerly with the
Canadian Grain Commission is now with
Holukoff Chiarella.
SORBA, Alan B. (2001) of Tokyo, Japan, was
previously with KPMG Azsa and Co. and is
now with Goldman Sachs Japan Co. Ltd.
STEWNER, Dennis D. (1996) has left
Momentum Health Information Services
to accept a position with Wellington West
Holdings Inc.
STOVEL, Kenneth B. (1978) formerly
with Vansco Electronics Ltd. is now with
Prendiville Industries.
THIESSEN, Timothy C. (2001) recently
transferred from George Town, Cayman
Islands, with Endeavour Financial Corp to
Vancouver, BC.
THOMAS, Heidi J. (2005) is now with
Standard Aero in the department of External
Reporting.
WEBER, Alan D. (1990) previously with
St. Boniface General Hospital has recently
accepted the position of Administrative
Director, Manitoba Renal Program, with the
Winnipeg Regional Health Authority.
WILLIAMS, Glenn D. (1988) formerly with the
Winnipeg Free Press is now Chief Financial
Officer with Arnold Bros. Transport Ltd.
WRIGHT, Dawna K. (1995) of Victoria,
Australia, has left Deloitte & Touche to accept
a position with McGrathNicol.
YOUNG, Peter E. (2000) was recently
promoted to the position of Chief Financial
Officer with Cummins Western Canada.
In Memoriam
We record with regret the passing of:
William Marriott DOUGLAS
(Member 1948)
Passed away March 9, 2009
Gordon Asgeir GISLASON
(Member 1948)
Passed Away May 3, 2009
Kenneth Sidney SASLEY
(Member 1966-2001; 2003)
Passed Away April 26, 2009

Wanted:
Golf Tourney
Prize Donations
The annual members’ golf tournament is
being held on Thursday, September 3 at
St Boniface Golf Club.
If you or your employer are interested
in donating prizes for the event, please
contact Michelle Chartrand at 924-
4418 or mchartrand@icam.mb.ca. All
sponsors are acknowledged at the event
and in Folio.
Registration forms are enclosed with this
mailing. The tournament is open to CAs,
CA students and one invited guest per
member/student.
Coming
Events
Golf Tournament
St. Boniface Golf Club
Thursday, September 3
12 pm Shotgun Start
Member Recognition Dinner
The Fairmont Winnipeg
Thursday, October 29
Reception 6 pm
Dinner 6:45 pm
UFE Results Release
Friday, December 4
Summer Hours
The Institute is open from 8:30 am to
4:30 pm for the summer. The office will
be closed on the following Statutory
Holidays:
• August 3
• September 7
• October 12.
Welcome to New Members
■ Admitted by Affiliation
Kerrin Dale KERNEY (SK 1994)
Wendy Leigh-Ann SCHULTZ (ON 2004)
■ Admitted by Examination
Maureen R. ARZAGA
Jennifer Dawn BROCKLEHURST
David Edward BUCKINGHAM
Kara Deanne BURGOYNE
Andrea Gail Rivera FRANCO
Thomas Robert Ernest HOLMES
Crystal H. JOHNSON
Paul Antonin LABOSSIERE
Gregorio Juab LABUSTRO JR
Robert Wayne LAM
Peng LI
Paul Jospeh Edwards MAILHOT
Michael Jay SCHACTER
Dingding SONG
Ye TU
Monis Zaheer UDDIN
Retired Members
The following members (year of designation shown
in brackets) retired and were granted partial or full
exemption of membership fees.
Samuel George ANDREW (1975)
Robert John BLACK (1956)
William Dymetro BODMAN (1968)
Gordon Wayne DOERKSEN (1977)
William Davidson HARGREAVES (1980)
George David LLOYD (1969)
Kenneth Milton MCLEAN (1966)
Gerard Henri Joseph RODRIGUE (1972)
Michael Walter SAFINIUK (1975)
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. Resignations in good
standing have been accepted for the following:
Scott Yukuto AMANO
Member 2001
(Residing in Calgary, AB)
Rayhan AZMAT
Member 2007
(Residing in Toronto, ON)
Geoffrey George BELL
Member 1986
(Residing in Duluth, MN)
Victoria Eleanor BRADBURY
Member 2006
(Residing in Calgary, AB)
News of Members
Linda CHANG
Member 2009
(Residing in Vancouver, BC)
Arron Dev KAURA
Member 1999
(Residing in Calgary, AB)
Denis Leon LALIBERTE
Member 1978
(Residing in Winnipeg)
Michelle Leanne LEMOINE
Member 2008
(Residing in Ymir, BC)
Michael Walter MCADAM
Member 1998
(Residing in Vancouver, BC)
Lisa Maureen MINGO
Member 1993
(Residing in West Vancouver, BC)
Arthur James OAKES
Member 1961
(Residing in Winnipeg)
Saqib Bashir RAJPUT
Member 2008
(Residing in Toronto, ON)
John Delbert RICHARDSON
Member 1974
(Residing in Victoria, BC)
Kelly Dawn ROSENTRETER
Member 2005
(Residing in Calgary, AB)
Michelle Dawn SURMINSKY
Member 2003
(Residing in Winnipeg)
Pamela D. TRETIAK
Member 2005
(Residing in Calgary, AB)
Jay Ashley WALKER
Member 2008
(Residing in Saskatoon, SK)
Rory Blair YERAMA
Member 2004
(Residing in Edmonton, AB)
Christopher John YOUNG
Member 2007
(Residing in Toronto, ON)
Harvey Hilton ZIMMERMAN
Member 1965
(Residing in Winnipeg)
Firm Changes
The application for incorporation of
professional practice was accepted for K. Dean
Austin, Chartered Accountant Inc.
FOLIO 11

Telephone Numbers & Email Addresses for Institute Staff
Gary Hannaford FCA
Chief Executive Officer
ghannaford@icam.mb.ca Direct Line: 924.4410
Kathy Zaplitny CA
Practice Advisor & Director of Members’ Services
kzaplitny@icam.mb.ca Direct Line: 924.4411
Shirley Sommer CA
Registrar & Director of Standards Enforcement
ssommer@icam.mb.ca Direct Line: 924.4414
Dianne Laidler CMA
Director of Administration
dlaidler@icam.mb.ca Direct Line: 924.4412
Tanya Beck
Manager of Communications
tbeck@icam.mb.ca Direct Line: 924.4416
FOLIO 12
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
AcSB Chair
Appointment
Former Manitoban,
Tricia O’Malley,
FCA, has been
appointed Chair
of the Accounting
Standards Board
(AcSB) to succeed
Paul Cherry in mid-
June.
“I am delighted
with Tricia’s
appointment at
Tricia O’Malley, FCA
AcSB Chair
this momentous time for financial reporting
in Canada”, said Doug Hyndman, Chair,
Accounting Standards Oversight Council.
“No one in Canada has a better knowledge
of, or experience of working with and
interpreting, IFRS than Tricia O’Malley,” he
added.
Tricia is currently the Director of
Implementation Activities at the International
Accounting Standards Board (IASB) with
responsibility for supporting the International
Financial Reporting Interpretations
Committee’s development of official
interpretations of International Financial
Reporting Standards (IFRS).
She is also responsible for the Annual
Improvements project and the standard
covering first-time adoption of IFRS. Previously,
Tricia was a founding member of the IASB and
served on that Board from April 1, 2001 to June
2007.
Tricia was also the first full-time Chair of
the AcSB in Canada from 1999 to 2001, when
under her leadership, the AcSB approved the
issue of differential reporting standards for nonpublicly
accountable enterprises.
Paul Cherry, whose term was due to expire
on March 31, has agreed to continue as Chair
of the AcSB until Tricia’s term begins.
Folio published by:
The Institute of Chartered Accountants of Manitoba
500-161 Portage Ave. East, Winnipeg, MB R3B 0Y4
Tel: 204 942.8248 Fax: 204 943.7119
Toll Free in MB: 1 888 942.8248
icam@icam.mb.ca www.icam.mb.ca