Doug Tkach Elected President - The Institute of Chartered ...

Doug Tkach Elected President
Doug Tkach was elected President
and Chair of the Council of The
Institute of Chartered Accountants of
Manitoba for 2010-11 at the Council meeting
held immediately after the Institute’s Annual
General Meeting on June 17th.
“It is an honour for me to serve as your
President at such an important time for the
profession. The national cooperation and collaboration
between the provincial institutes and
the CICA in support of the profession’s vision
and mission continue to grow as our nationally
developed strategic plan continues to unfold,”
Tkach said.
A particular priority that Council has
identified is to attract exceptional people to the
profession. The national Professional Learning
Committee will be considering the findings of
the Growth Strategy Task Force and developing
specific recommendations that will allow several
of the initiatives to be implemented.
“In the meantime, we continue to encourage
more employers outside of the traditional audit
and assurance area to obtain approval to train
CA students. We look forward to working with
Kim Metcalfe, recently hired as the Institute’s
new Director of Student Recruitment, who will
assist in identifying potential new Expanded
Experience Opportunity CA Training Offices,”
Tkach said.
“We will also continue to focus on the need
to implement a public accounting licensing
system in Manitoba – a public accounting
system that is consistent with international
standards required in other major countries
around world. This is essential if we hope to
maintain reciprocity for our members in public
accounting. We will keep you up-to-date with
developments in this area,” he added.
Doug began his accounting career as a
summer student with Scarrow & Donald,
Chartered Accountants in 1989. He received his
CA designation in 1993 and shortly afterward
left public accounting to become CFO of the
Burrows Lumber group of companies.
In 2001 he joined The Great-West Life
Assurance Company and is currently Vice-
President, Financial Reporting.
Foundation Supports U of W
The Foundation announced that it will provide $300,000 over the next 10 years to the University of Winnipeg’s
Faculty of Business and Economics on June 21, 2010. Above (l-r): Michael Benarroch, Dean of the
Faculty; Ken Phernambucq, CA, Chair of the Foundation; Gary Hannaford, FCA, CEO of the Institute; Dr.
Lloyd Axworthy, President of the U of W; Susan Thompson, President & CEO of the U of W Foundation.
Issue #165
June / July 2010
Doug Tkach, CA, newly elected President of the
Institute addresses members at the luncheon held
following the AGM.
Doug was awarded the Institute’s Early
Achievement Award in 2002, and earned the
Chartered Financial Analyst designation in
2005.
Doug was first elected to Council in 2002.
He served as Secretary-Treasurer from 2007 to
2008. In 2008-09 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, the CA
Foundation Board of Directors, as well as the
Institute’s Audit, Professional Conduct and
Professional Development committees. Doug
was Chair of the Audit committee in 2003-04
and Membership Linkages in 2008-09.
Active in community affairs, Doug is
currently Treasurer of The Firing Line Gun
Club, a position he has held since 2000. He
has served as both Treasurer and Chair of Faith
Lutheran Church, and as Treasurer for Faith
Foundation Inc. and Faith Lutheran Personal
Care Home Inc.
“I am honoured to serve as your president,”
Tkach said. “I will endeavor to represent all of
you to the best of my abilities in the coming
year. I hope you will feel free to contact me at
any time if you have any questions, comments,
or advice.”
FOLIO 1

Impact of IRS Tax Preparer Registration
Rules on Canadian CAs by Jennifer S. Horner
The Internal Revenue Service is proceeding
with proposals to require any person who
prepares a US tax return for compensation to be
registered with the IRS, and to obtain a unique
registration number. As part of this process, all
such preparers (“paid preparers”, also referred to
as preparers in this article), will need to meet a
minimum standards test in order to continue to
be registered as a preparer.
These changes come in response to a
perceived need to increase public confidence
in paid preparers and to increase taxpayer
compliance. Some US states, such as New
York, California and Oregon have already
implemented their own systems for paid
preparer registration.
This article will discuss changes applicable to
the preparation of US federal tax returns only.
Based on information released so far, preparers
living outside of the United States will also
be subject to this new system of registration
and testing. The purpose of this article is to
highlight the new requirements and to discuss
the particular impact on CAs in Canada who
prepare US tax returns for a fee.
Some key items of these proposals are as
follows:
• Specific instructions for foreign preparers
(i.e. those preparers living outside of the
United States) have not been released, and
are currently in development by the IRS.
There is no indication that foreign preparers
will be exempt from these new requirements.
• The focus of this IRS initiative appears to be
paid preparers of US personal tax returns,
but the rules do not appear to exclude those
individuals paid to prepare other types of
US returns, such as corporate, trust and
estate returns. It is unclear whether the new
requirements will apply only to the preparer
who signs the return or to all the preparers
who were significantly involved in preparing
the return.
• All US returns filed after December 31,
2010 will require a Preparer Tax
Identification Number, or PTIN. This
requirement is a bit problematic for foreign
preparers as only individuals with a US
Social Security Number can currently obtain
FOLIO 2
a PTIN.
• Registration of preparers is due to start in
September 2010. Practitioners who currently
have a PTIN will also be required to register
(although they will be allowed to keep their
current number).
• Tax return preparers will need to meet
a minimum standards test to qualify to
continue to be registered as a preparer. Only
US attorneys, certified public accountants
(CPAs) and enrolled agents who are active
and in good standing with their respective
licensing agencies will be exempt from the
testing. Testing will not be implemented
until after registration and mandatory PTIN
usage are in place.
• Tax return preparers will be required to meet
a continuing professional education standard
of 15 hours per year with the exception of
attorneys, CPAs and enrolled agents.
• The IRS will conduct periodic tax
compliance checks on all tax return
preparers, and expect all preparers to meet
high ethical standards.
• Registration will require the payment of
a fee. The amount of the fee has not been
announced, but the IRS estimates such fee
to be in the range of $25-100 annually per
individual (or $75-300 for the three year
renewal period of a PTIN).
• Paid tax preparers will be required to register
as individuals, even those employed by an
enterprise in the business of preparing tax
returns. Note that individuals who only
prepare returns for their employer will not
be affected by these requirements.
As a consequence of these proposals, it
is expected that Canadian CAs who will be
preparing US returns for their clients, where
such returns are filed after December 31, 2010,
will be required to register with the IRS as tax
preparers, and will also be required to meet the
testing and continuing education requirements
outlined above. Those CAs who are also CPAs
and who are in good standing with a State
licensing board should be exempt from the
testing and continuing education requirements
as long as they maintain their CPA license in
good standing.
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.
These plans have been put forward in
proposed legislation, and are subject to
the implementation of such legislation.
Consequently specific application of these rules,
the date of implementation of the registry of
preparers, and date after which returns filed will
require a PTIN are subject to change.
Canadian CAs who prepare US tax returns
should be aware of these imminent changes,
and watch for further clarification from the IRS
regarding the registration process for preparers
living outside the US.
Jennifer Horner is a Senior Tax Manager with
BDO Canada LLP.
Candidate
Portal
Improves CASB
Results Release
In May 2010, CASB announced a new
method for delivering results to students
and their training offices. Beginning
with the results released in July 2010,
detailed student results are available
online through Candidate Portal for
students and CATO Portal for CA
Training Offices (CATOs).
Until now, students and their firms had
to wait weeks for case feedback forms,
transcripts, and academic histories to
arrive in the mail. Through the Portal,
students can view their case feedback
forms at the same time as they learn of
their status in the module, and they can
download their transcripts and academic
histories one week later.
This change marks a significant service
delivery improvement from CASB as
students can use the case feedback forms
to debrief the module evaluation earlier
than before. It also considerably reduces
CASB’s carbon footprint, as two copies
(one for the student, one for their firm)
of the five-to-seven-page result packages
for 4,000 students are no longer printed
and posted from the Learning Centre in
Vancouver.

Council and Officers Elected for 2010-11
At the 124 th Annual General Meeting of
The Institute held on June 17, 2010, five
members were elected to serve on Council
for a two year term.
The five members elected were Jeffrey
Cristall, Gordon Dowhan, Stuart
McKelvie, Teresa Okerlund and Douglas
Tkach.
At the Statutory Meeting of Council
following the AGM, Council elected
the 2010-11 Officers and members of the
Executive Committee. Council is composed of
the officers, members-at-large and two public
representatives.
2010-11 Officers of Council
Douglas J. Tkach, CA, CFA, President & Chair
James D. Doer, CA, First Vice-President
Rick M. MacKay, FCA, Second Vice-President
Teresa L. Okerlund, CA, Secretary-Treasurer
CAS Support
Tool Increases
Efficiency
Use CICA’s CAS Support Tool to
identify the Canadian Auditing
Standards relevant for each phase of
the audit process and see how the
new standards compare to existing
auditing standards set out in the CICA
Handbook - Assurance. This interactive
tool identifies the standards that are
relevant for each phase of the audit
process, provides links to comparative
information in the existing standards,
and points to learning resources.
Go to www.cica.ca > Canadian
Standards in Transition > Canadian
Auditing Standards > CAS Support
Tool.
Doug Tkach, CA, CFA
President & Chair
Members-at-Large
Cheryl A. Atchison, CA
Stephen W. Childerhouse, CA
Jeffrey G. Cristall, CA•CBV
Gordon A. Dowhan, CA
Larry H. Frostiak, FCA
Dave Loewen, CA
C. Stuart McKelvie, FCA
Brenna J. Minish-Kichuk, CA
Richard D. Pope, FCA
Kevin E. Regan, CA
Heather D. Reichert, CA
Left: Margaret Redmond, President
and CEO of the Assiniboine Park
Conservancy was the keynote speaker
at the luncheon held following the
Annual General Meeting.
James Doer, CA
First Vice-President
Right: Incoming President Doug Tkach,
CA (left) and outgoing President Ian
Seymour, CA (right) thank Dr. Jerry
Gray for his service on Council as a
public representative at the Annual
General Meeting of the Institute.
Rick MacKay, FCA
Second Vice-President
Public Representatives
Elaine Goldie
Anita Wortzman, LLB
Teresa Okerlund, CA
Secretary-Treasurer
Elaine Goldie Appointed as
Public Rep to Council
Doug Tkach, President of The Institute of Chartered Accountants
of Manitoba, is pleased to announce that Elaine Goldie was recently
appointed to Council for a two year term. Elaine joins Anita
Wortzman, LLB as a public representative serving on Council.
As required under the provisions of The Chartered Accountants
Act, CCSM C70, Elaine’s appointment was made by Dr. David
Barnard, President of the University of Manitoba. She replaces Dr.
Jerry Gray, who served as a public representative on Council from
2004-10.
Elaine was Vice-President (External) with the University of
Manitoba. She officially retired from the position earlier this year.
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 second year serving as
a public representative and Elaine’s first.
Elaine Goldie
Public Representative
FOLIO 3

CRA Working Paper Policy Statement
A long-awaited CRA policy statement dated
May 31, 2010 – “Acquiring Information from
Taxpayers, Registrants and Third Parties” – was
first issued to CRA staff and is now on the
CRA web site. The policy statement sets out
the CRA’s current policy approach to acquiring,
inter alia, auditors’ and accountants’ working
papers.
An annex more fully describes the CRA’s
basket of compliance tools found in the
Income Tax Act, the Excise Tax Act, and other
legislation. The policy statement is required
reading for anyone involved in the audit or
review of financial statements or in the tax
return process.
In response to a CRA round table question
at the Foundation’s 2004 annual conference,
the CRA first announced its planned review
of its existing policy. The CRA also said that
it recognized the importance of its policy
regarding access to auditors’ and accountants’
working papers, and thus before issuing a new
policy it intended to conduct broad-based
consultation in partnership with the tax,
accounting, and business communities.
Since then, the CICA and the CRA have
had extensive and ongoing discussions on the
issue, which is extremely important for both
taxpayers and Canada’s chartered accountants in
industry and professional practice. The CICA
also obtained the views of its members through
a survey it commissioned.
Auditors’ and accountants’ working papers
are critical to the integrity of the financial
statement, audit/review, and corporate
governance processes as a whole. If the CRA
regularly sought access to auditors’ and
accountants’ working papers, such a policy
change could undermine the preparation
of documents required to support financial
reporting and inhibit the essential frank
and open discussions between an auditor/
accountant, the audit committee, and
management.
Following are some key elements of the CRA
FOLIO 4
policy set out in the policy statement.
1) From CICA-CRA discussions, CICA
officials understand that the CRA does not
view the policy statement as reflective of a
significant policy change, but rather as an
affirmation of its longstanding policy and a
framework for compiling and discussing in
one document all legislative and compliance
tools available to it.
2) Not surprisingly, the CRA states that with
the exception of privileged communications,
it has the authority to examine not
only the records and documents of the
subject person under review, but also any
other person’s records and documents
that may relate to the subject person’s tax
liability. (See, for example, subsection
231.1(1) of the Income Tax Act.)
3) The policy statement includes several
extremely important overrides to point 2.
a) Tax compliance disputes should be
resolved primarily between the CRA
and any specific taxpayer, and thus the
CRA always tries to collect information
from the most direct source and in the
least intrusive manner possible.
b) Information from third parties is sought
when the taxpayer cannot or will not
provide information.
c) Access to tax accrual working papers
and auditors’ or accountants’ working
papers may be required occasionally, but
not routinely.
d) The CRA believes that a more effective
and efficient relationship with taxpayers
and their advisers can be achieved by
grounding its actions on an understanding
of the taxpayer’s business and by
applying the key principles of transparency,
impartiality, proportionality, and
responsiveness.
Until all other avenues to obtain the relevant
information have been exhausted, taxpayers
should not expect to routinely see requests for
tax accrual working papers, and auditors and
by Kevin Dancey, FCA
Acquiring Information from Taxpayers, Registrants and Third Parties - required reading
for anyone involved in the audit or review of financial statements or in the tax return
process
Distributed quarterly, this complimentary e-newsletter is a valuable
source of timely synopses of information about trends and views,
standards and regulations, client development, technology, marketing
your services, professional resources, events and other information
relevant to CAs in public practice – with links to the web-based sources.
third-party accountants should not expect to
routinely receive requests for their working
papers. In particular the approach outlined in
the policy statement suggests that requests for
information from third parties should not occur
at the commencement of a CRA audit.
The CICA urged the CRA to clearly state
that, in order for the CRA to maintain its
objectivity and impartiality, it would restrict
its requests to factual information and not
routinely seek access to subjective analyses
(including opinions) prepared by taxpayers
or third parties. Unfortunately, the policy
statement instead only declares that “[o]fficials
will not be influenced by any subjective
analyses, comments or opinions contained in
the information or documentation reviewed.”
Other countries have developed policies for
access to working papers. For example, in the
United States the IRS has stated that it will
not request a taxpayer’s tax accrual working
papers unless the taxpayer has engaged in a
listed transaction. In Australia, only in defined
exceptional circumstances is it Australian Tax
Office policy to request working papers and
subjective analyses from a taxpayer or an adviser.
In Canada, the CRA, taxpayers, and tax
professionals have little experience with the
interpretation of the phrase “not routinely
required” as it is used in the policy statement;
moreover, it is clear that a policy built on that
phrase is much less precise than the bright-line
tests used by the Australian Tax Office and the
IRS.
The Audit Professional Services Directorate
of the CRA’s Compliance Services Branch is
responsible for monitoring nationally consistent
compliance with the policy and for the
development of further guidance. The policy
statement encourages taxpayers and their representatives
to discuss with the CRA any material
differences of opinion between them and the
CRA regarding the policy’s application. The
CICA will track its members’ input to closely
monitor the policy’s application in the field.
The CRA has agreed to periodically review and
discuss the policy’s application with interested
parties, including the CICA.
Kevin Dancey, FCA, is President and CEO of the
CICA. This article was published in the June issue
of Canadian Tax Highlights.

Foundation Receives Largest
Gift in its History
Ken Phernambucq, CA, Chair of the Board
of the Manitoba Chartered Accountants
Foundation, is pleased to announce the
receipt of the largest gift in the history of the
Foundation.
Allan Johnson passed away in November
2009 and left a bequest to the Foundation in
the amount of approximately $700,000.
In his will, Allan indicated his intention
“that the Manitoba Chartered Accountants
Foundation use the proceeds of this bequest in
a way that would perpetuate the name of my
father, Frederick Johnson, as a memorial to his
great interest in the education of students in
accounting, and to his long association with
the Institute of Chartered Accountants of
Manitoba”.
Frederick Johnson was a CA and professor
at the University of Manitoba. He had a keen
interest in the education of CAs and was
involved with the establishment of the UFE
as a national exam for CA students. Frederick
served on the Institute’s Council for 18 years
and was President of the Manitoba Institute
from 1940-42 and President of the Dominion
Association of Chartered Accountants (now the
CICA) in 1944-45. He was elected an FCA in
1947.
The Board of the Foundation is in the process
of determining the use of the funds as well as
appropriate recognition for this generous gift.
Established in 1980, the Foundation’s
mission is to enhance the quality of accounting
education in Manitoba. The vision of the
Foundation is that CA education in Manitoba
will be seen to be the best in Canada, attracting
a growing number of quality future chartered
accountants.
For more information or to make a donation
to the Foundation, please contact Kim Metcalfe,
CA, Executive Director, at 924-4419 or
kmetcalfe@icam.mb.ca.
Members considering leaving a gift to the
Foundation in their will should consider
consulting with the Foundation to ensure that the
wording of the bequest allows the funds to be used
by the Foundation and as the member wishes.
Annual Softball Tournament
Twelve teams were fielded in this year’s annual softball tournament.
BDO defeated the Exchange Income Corporation 17-9 to win the
A-side final and the Ernst & Young Trophy.
Deloitte defeated KPMG in the B-side final. Thanks to all participants
who came out to enjoy the day.
B-side winners, the Deloitte Tigers.
Risk
Oversight and
Governance
Collection
Part of an ongoing series of boardroom
briefings, the Risk Oversight and
Governance Collection provides a clear,
concise overview of relevant governance
issues. This comprehensive collection is
designed to help board members to ask
the tough questions, recognize signs of
success and signs of imminent problems,
and reflect and learn for the future.
Choose just the print titles you need, or
subscribe to receive the entire collection,
including:
• The 20 Questions Series
• The CFO Series
• The Not-for-Profit Series
• Director Briefings
For more information or to order, visit:
CAstore.ca/rogc-PICA
The team from BDO, winners of the Ernst & Young Trophy.
FOLIO 5

FOLIO 6
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 2010-11.
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
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.
Richard D. Pope, FCA
Chair
2009-10 Audit Committee
High School Scholarships
Awarded
Students from 200 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 Sheree Carmona-
Galdamez, Bryn Peppler, Chelsea Scrivener and Janessa Walger are the recipients of the 2010 High
School Scholarships and wishes them every success in their future endeavours.
Sheree Carmona-Galdamez Bryn Peppler Chelsea Scrivener Janessa Walger
Allan M. Moore, FCA Scholarships
The Manitoba Chartered Accountants Foundation Inc. congratulates Bryton Balzer and Corrine
Klekta, recipients of the 2010 Allan. M. Moore, FCA Scholarships and wishes them every success in
their future endeavours.
Bryton Balzer Corrine Klekta
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.
Allan M. Moore, FCA

2010 Golf Tournament
Breezy Bend Country Club was host to the annual
members’ golf tournament as 48 golfers hit the links.
Special thanks to all our sponsors for helping make this a
successful event.
Member participation was the lowest it has been in
recent years. The Members’ Activities Committee will
be conducting a survey about member events in the
fall – watch Folio and your email inbox for details.
CICA’s Guide to New Canadian
Auditing Standards
in Canada
Free download available
This useful guide highlights areas of similarity and
difference between new CAS and existing Canadian
auditing standards. Visit http://www.cica.ca/cas/
item2475.pdf for the free download.
Printed copies of the Guide are also available from the
Institute. Call (204) 942-8248 or email
icam@icam.mb.ca.
Winners of the KPMG Trophy for the Low Gross Team (l-r) Mark Gray, Ken MacKenzie,
Bryan Albo, and Barry Minish.
Left: Winners (tied) of the J. Mundie
Trophy for Low Gross Male were Trevar
Matheson & Colin MacLean.
Left: Winners of the Happy
Gilmore Trophy for Low Net
Team (l-r): Jamie Kraemer,
Bob Hamilton, Oren
Gilmore (presenter), Blair
Riordan, Garry Markham.
The Deloitte & Touche Trophy for Low Gross
Female was won by Susan Nemec.
Thank you
sponsors!
CA Insurance Plans West
CXA Recruiting
Ernst & Young LLP
Meyers Norris Penny LLP
MTS Allstream
PricewaterhouseCoopers LLP
TDG Furniture
TFI Financial Services
Western Financial Group Insurance
Solutions
Western Financial Insurance Company
FOLIO 7

Participate in the Upcoming Managing a
Public Practice Surveys
Computerization
Did you know that according to our 2008 Managing a Public Practice
(MAPP) survey on Computerization:
• A majority of firms with six or more Full Time Equivalents (FTEs)
have a website, including 100% of firms with over 35 FTEs.
Approximately one in five firms with one or two FTEs have a website.
• Respondents spent an average of $45,000 on technology in the last
fiscal year, an increase from $40,000 from the 2006 MAPP survey.
This represents 3.5 percent of total revenue, a slight decline from 3.8
percent from the 2006 survey.
• Most firms are sending information electronically. However,
depending on the type of information being sent on average only
between two in ten and three in ten respondents report protecting
the information they send. Passwords are the most commonly used
methods for safeguarding information.
• 64 percent of the of the respondents use Remote Access software –
Windows Remote Desktop remains the favorite among this type of
software user.
• 35 percent of the of respondents use Paperless Office software and
Adobe Acrobat continues to be most frequently cited.
• Dell continues to be the most frequently purchased computer brand
by respondent firms.
Will these trends continue or will there be significant changes? There
is only one way to find out! Take part in the upcoming MAPP survey on
Computerization.
Thank you!
In recognition of years of
dedicated service
Thanks to Darlene Kochanski (left) and Marie Kostiuk (right) for their years
of dedicated service at the Institute. Darlene celebrated her 35th year at ICAM
and Marie her 25th consecutive year. Congratulations!
FOLIO 8
Practice Management
Did you know that according to our 2008 Managing a Public Practice
(MAPP) survey on Practice Management:
• There has been a trend since 2006 to move from assurance
engagements to non-assurance engagements. This movement is most
significant for firms with five full-time equivalents or less.
• Operating expenses on average were 56 per cent of gross revenues, the
same as in 2006.
• Slightly over one-half of respondents (54 per cent) report requesting
retainers from new clients, compared to three-in-ten (28 per cent)
from existing clients. Approximately two-thirds of respondents used
progress billing for both new and existing clients.
• 75 per cent of respondents had a net profit margin percentage
(pre-partner distributions) of 33 per cent or better, the same as in
2006.
Will these trends continue or will there be significant changes? To find
out, participate in the MAPP Survey: Practice Management by July 29,
2010.
Beyond the Perimeter Conference
…for practitioners serving small and mid-size Manitoba
businesses.
September 13 & 14, 2010
Elkhorn Resort, Clear Lake, MB
Beyond the Perimeter Conference generously sponsored by
CA Insurance Plans West
Coverage that counts.

2010-2011 Fall / Winter PD Program
Accounting, Financial Reporting and
Assurance
Accounting Standards for Private Enterprises
- A comparison to Canadian GAAP
Auditing in the New CAS Environment
Breaking Open Your New CAS Handbook
Business Combinations for Private and Public
Enterprises
Fraud Happens! What to do When You
Suspect Fraud
IFRS – An Update
IFRS – Employee Benefits
IFRS – Financial Statement Presentation &
Note Disclosure
IFRS – The Basics
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 15
$950 after October 15
• Non Member Pricing:
$1,100 until October 15
$1,200 after October 15
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 15
$2,200 after October 15
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 15
$300 after October 15
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.
Internal Audit – Skills for Success
Non-Profit Organizations and Registered
Charities – Accounting, Auditing and
Taxation Issues
Review and Compilation Engagements
Risk Management
The New Auditing Reporting Model and
Related Changes
Understanding Fraud Risk Factors
Public Sector
Design & Establishment of Internal
Controls for Not-for-Profit & Government
Organizations
First Nations Government Entities -
Accounting and Assurance Matters
Government Organization Workshop
PSAB Update
Taxation
Advanced Tax Planning Strategies
Agricultural Tax Update 2010
Eligible Dividends
Everyday Tax Issues for the General
Practitioner
General Practitioners – Need to Know
GST/HST Refresher for Professionals
HST Issues for Manitoba Businesses
Income Splitting
Income Tax Refresher for Personal Tax
Planning
Income Tax Update 2010
Interest, Penalties and Fairness
Introduction to US Corporate Taxation
Purchase and Sale of a Business
RIP – Tax Compliance Matters Related to
Terminal Filing Preparation
Scientific Research and Experimental
Development Tax Credits
Section 85 – Transfer of Property
Tax Decisions with Long-term Implications
Tax Issues for Private Corporate Groups
Tax Planning for Private Enterprises on
Business Succession
Taxation of Domestic Family Trusts – Basic
US Real Estate – Business Investment:
Canadian and US Tax Implications
US Real Estate – Personal Investment:
Canadian and US Tax Implications
Taxation of Domestic Family Trusts:
Advanced
Taxation of Domestic Family Trusts: Basic
Taxation of Domestic Trusts – Compliance
Wealth Management
Creating a Financial Plan
Enough Bull
Estate Planning for High Net Worth
Individuals
Introduction to Life Insurance and Its Role in
Financial Planning
Investing in Stock, EFTs & Mutual Funds -
Beginner’s Tools
Smoke & Mirrors
Corporate Finance
Analysis, Financing and Completion of
Acquisitions
Business Valuations
Financial Modelling – Building a Financial
Model
Financing Strategies
Management, Leadership & Professional
Development
Accelerate the Financial Close Process &
Enhance the Close Controls
Advanced Internet Research Techniques for
Accountants: Part I
Advanced Internet Research Techniques for
Accountants: Part II
Best Practices for Running Your Practice
Blackberry – Learn How to Use your
Blackberry
Building Enterprise Performance Dashboards
Business Writing That Gets Results
Controllership - A Partner for Business
Design & Establishment of Internal
Controls for Not-for-Profit & Government
Organizations
Effective Presentations
Employees Leave Bosses Not Companies
Improving Team Effectiveness
Making the Most of New & Social Media for
your Accounting Firm
Manitoba Check-Up - A Presentation on
Living, Working and Investing in Manitoba
Practical Tips for Controllers and CFOs
Stress Management
Strategic Meeting Management
Tongue Fu
Total Leadership: Managing the Whole
Person
Information Technology
Creating Effective Presentations Using
PowerPoint and Other Tools
Excel Financial Reporting and Analysis
Excel Tips
Google Apps for Accountants – An
Alternative to Microsoft Office
Security for Accountants
Tech Tools for Preventing and Detecting
Fraud
On-Line Learning
Accounting Standards for Private Enterprises
- A Survey of the Standards
Blackberry – Learn How to Use Your
Blackberry
Business Diagnostics
Income Tax Refresher – Corporate
Income Tax Refresher – Personal
FOLIO 9

Here and There With Members
(Unless otherwise noted, members are resident in Winnipeg)
ABAS, Austin C. (1992) was recently elected as
Chair of the Board of Directors of KPMG in
Canada.
BARNES, Dionne N. (1997) formerly with St.
Margaret’s School is now with League Assets
Corp. in Victoria, BC.
BYRKA, Darren M. (1998) transferred from
the Netherlands to Switzerland with Eaton
Industries Manufacturing.
CAMPBELL, Cynthia C. (1998) previously
with Credit Union Central of Manitoba is
now with the Canadian Wheat Board.
DEFER, James P. (1990) formerly with PI
Financial Corp is now with Compliance
Energy Corp in Vancouver, BC.
DROME, Jennifer L. (2004) formerly with
Dome Production accepted a new position
as Director of Finance for the Toronto
International Film Festival Group.
GATEY, Brenda J. (1992) is now Manager
Internal Audit Retail and Advanced
Technologies with Agrium Inc. in Loveland,
Colorado.
GUPTA, Manisha (2009) is now with KPMG
in Grand Cayman, Cayman Islands.
GUSTAVSON, Peter B. (1982; FCA, ICABC)
is now with Abacus Bookkeeping in Victoria
BC.
HANNAFORD, Gary B. (1995; FCA 2000)
was recently elected Chair of the Manitoba
Theatre Centre Board of Trustees.
HERNANDO, Benjamin J. (2008) formerly
with PricewaterhouseCoopers LLP is now the
Manager, Portfolio Reporting & Governance
with Great West Life Realty Advisors.
HILL, Amber J. (2009) previously with Meyers
Norris Penny is now Manager of Finance
with the Canadian Growers Association.
HORBATY, Frederick J. (1998) is now the
Vice President, Finance and Chief Financial
Officer of Securican.
FOLIO 10
HORKEY, Shauna K. (2009) is now with
Meyers Norris Penny LLP in Calgary, AB.
JOHNSON, Kevin M. (1999) is now with
Antipodean Advisors GP, LLC in New York,
New York.
HOUGHTON, Kevin L. (2002) is now with
Northern Waterworks Inc. in Red Lake, ON.
KONDRAT, Lisa M. (2007) formerly with
Ernst & Young LLP is now with Inmobiliaria
Rio in Santiago, Chile.
KUKELKO, Michael, D. (1987) has been
appointed as a partner with Meyers Norris
Penny LLP.
LAZARKO, Brigitte G.M. (2010) formerly
with Meyers Norris Penny LLP has accepted
the position of Manager, Financial Reporting
with Genesys Venture Inc.
LE HEIGET, Kimberly M. (1999) is now the
Senior Financial Planning Analyst for MTS
Allstream Inc.
MACNEILL, Alana M. (2003) previously with
Investors Group is now Director, Corporate
Tax with Emera Inc.
MCDONELL, J. Ross (2008) formerly
with Ernst & Young LLP is now Assistant
Controller with Richardson Oilseed Limited.
MCIVOR, Donovan J. (2006) previously with
MTS Allstream Inc. is now Controller with
CML Northern Blower Inc.
MCKELVIE, C. Stuart (1985; FCA 2009)
is now Chief Financial Officer with Celco
Controls Ltd and has been named a Fellow
Certified Management Consultant from
The Institute of Certified Management
Consultants.
MCSHANE, Sharon E. (1982) formerly
with the Canadian Grain Commission is
now Director, Financial Management and
Accounting Operations with the Royal
Canadian Mounted Police.
NANEK, Randy J. (1985) previously with
President’s Choice Bank is now with HRG
North America in Toronto, ON.
PACHAL, Gary K. (1992) formerly with
CanWest Global Communications Corp. is
now with Investors Group Inc.
PAGE, Brooke T. (2007) previously with MTS
Allstream Inc. is now Director of Finance for
the Winnipeg Football Club.
PERRIER, Claude E. (1983) is now the
President of Thunderpine Leasing Inc. in
Thunder Bay, ON.
RAI, Mandeep S. (2009) formerly with Deloitte
and Touche LLP is now Senior Internal
Auditor for New Flyer Industries Inc.
SEYS, Monique S. (2000) previously with 21st
Century Systems Corp. is now with Sequoia
Energy.
SUDERMAN, Krystina M. (2006) formerly
with Deloitte & Touche LLP is now with the
Canadian Wheat Board.
THIESSEN, Timothy C. (2001) is now CFO
of Aurcana Corporation in Vancouver, BC.
VERMETTE, M. Valerie (2008) previously
with Ernst & Young is now Manager of
Financial Reporting with Jovian Capital
Corporation
WOLTMANN, Norman R. (1987) formerly
with Loewen Windows is now with KPMG
LLP.
Summer Hours
The Institute is now operating on
summer hours. Our doors — now
located at 700 - One Lombard Place —
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 7.
The office will be closed on the following
Statutory Holidays:
• August 2
• September 6
•
October 11

Welcome to New Members
■ Admitted by Affiliation
Daniel James FRASER (AB 2008)
Kristine Verna HENRY (ON 2006)
Leslie Angela SIMPSON (ON 2010)
■ Admitted by Examination
Henedyna Millan BADERE
Michael Ryan DERKSEN
Kendle L. DUBYTS
Michael William Paul DUTKA
Ashley Lloydene FAIRBAIRN
Joshua M. GNUTEL
Ashley Yite JIA
Marvin LISAN
Shaun Thomas MCKEE
David Jordan OAKLEY
Jonathan Matthew POKHOY
Indeep SANDHAWALIA
Brent Ryan Ellis SMITH
Jay WU
Retired Members
The following members (year of designation shown
in brackets) retired and were granted exemption of
membership fees.
Douglas Gerald ADAMS (1974)
Robert Michael ADANAC (1967)
William Robert BADGER (1968)
Roy BIRNBOIM (1962)
Douglas Raymond BOWLEY (1967)
James Keith Angus CAMPBELL (1972)
Brian Harding COX (1967)
Myrna Louise FERGUSON (1968)
John Ervin GIESBRECHT (1972)
Graham Paul HARRISON (1973)
Herman Mackenzie KAST (1980)
Leslie Sydney LITMAN (1959)
Robert Rennie MCINNES (1959)
Kenneth Milton MCLEAN (1966)
Douglas Roy SANDERSON (1972)
John Robert SKULL (1977)
George Richard SPRINGLE (1968)
Donald William SUTHERLAND (1968)
Mark Joshua Louis SWARTZ (1979)
Ian Robert WHYTE (1968)
Donald Walter YOUNG (1970)
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. Resignations in good
standing have been accepted for the following:
Jason Brian ANDERSON
Member 2005
(Residing in Ottawa, ON)
Thomas Francis ARMOUR
Member 1968
(Residing in Winnipeg)
Gilbert Richard ASSIE
Member 1997
(Residing in Saskatoon, SK)
Olia Patricia BASARAB
Member 2009
(Residing in Hamilton, ON)
William Dymetro BODMAN
Member 1968
(Residing in Selkirk, MB)
David Edward BUCKINGHAM
Member 2008
(Residing in Paradise, NL)
Michael Donald CANFIELD
Member 2008
(Residing in Fort Francis, ON)
Douglas Lyle COOK
Member 1975
(Residing in Winnipeg)
Freddie Martin COOPERMAN
Member 1979
(Residing in Winnipeg)
Robert Edward HNATOWICH
Member 1980
(Residing in Winnipeg)
Danny HOCHMAN
Member 1976
(Residing in Kelowna, BC)
Gregory Robert KILBRAI
Member 1989
(Residing in Winnipeg)
Brian John MCAUGHEY
Member 1980
(Residing in Winnipeg)
Robert Brian MICHALESKI
Member 1978
(Residing in Calgary, AB)
Stanley Robert MUNROE
Member 1971
(Residing in Delta, BC)
Barbara Joyce SMITH
Member 1979
(Residing in Carman)
Robert Bernhard WALL
Member 1978, FCA 2000
(Residing in Claresholm, AB)
Gerald WOELCKE
Member 1988
(Residing in Boca Raton, FL)
Robert James WOLOSHYN
Member 1971
(Residing in Sierra Madre, CA)
Fangning XIE
Member 2010
(Residing in Vancouver, BC)
Firm Changes
The practice name Tadman Hornstein, Chartered
Accountants, changed to BDO Canada LLP,
Chartered Accountants.
Bell & Green, Chartered Accountants,
registered a part-time practising office in Gimli
effective May 15, 2010.
The practising firm R.E. Hnatowich, Chartered
Accountant, was closed due to the membership
resignation of the firm’s sole practising member.
KWB Chartered Accountants deregistered their
part-time practice in Gimli effective May 15,
2010.
In Memoriam
We record with regret the passing of:
Edwin Roy McKerchar ESSERY
(Member 1947, FCA 1973)
Passed Away April 15, 2010
Glenn Alan RUSSELL
(Member 1974)
Passed Away April 22, 2010
Walter WARMS
(Member 1950)
Passed Away June 10, 2010
Robert Rasey WILSON
(Member 1966)
Passed Away February 17, 2010
FOLIO 11

The Institute has Moved
The Institute’s offices
are now located in the
Richardson Building.
Our new mailing address is:
700 – One Lombard Place
Winnipeg MB R3B 0X3.
Phone and fax numbers and
email addresses have NOT
changed.
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
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 12
Accounting Framework for Private
Enterprises
Free download available
Accounting Standards for Private Enterprises in
Canada were issued by the Accounting Standards
Board in 2009. The standards are effective for
annual financial statements relating to fiscal years
beginning on or after January 1, 2011. Earlier
application is permitted. The standards can
be found in Part II of the CICA Handbook –
Accounting.
The CICA has prepared a reference guide to assist
in the transition to new Canadian accounting
standards. The guide provides a comparison of new
accounting standards for private enterprises to the
XFI version (found in Part V of the CICA Handbook – Accounting).
The guide can be downloaded free of charge from the CICA website at www.cica.ca/
privateenterprises//index.aspx. If you are interested in receiving a hardcopy version of the
guide, please contact the Institute at 942-8248.
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
www.icam.mb.ca
Coming
Events
Beyond the Perimeter Conference
Elkhorn Resort
September 13 - 14
Uniform Evaluation
September 14-16
Member Recognition Dinner
The Fairmont Winnipeg
Tuesday, November 9
Reception 6 pm
Dinner 6:45 pm
UFE Results Release
Friday, December 3
GFOA 2010
Western Canada
Conference
“Above and Beyond –
Meeting Rising Expectations”
The Institute is a sponsor for the
Government Finance Officers Association
Western Canada Conference 2010 being
held in Winnipeg from September 15-17.
This conference will bring together
leading experts on strategies to deploy and
ways to respond to rising expectations of
finance officers, including useful tools and
leading practices.
The keynote speaker is The Honourable
Reg Alcock, Associate Dean , I.H.
Asper School Of Business, University
of Manitoba and former President of
Federal Treasury Board. Reg will share his
perspective on the new realities of public
sector finance.
For more information and to register on
line, go to www.westcangfoa.ca.
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