From hangover to harmony

Article Abstract:

Economic growth was at its best and most stable during the 1950s and the 1960s. However, a series of global crises, such as the Vietnam war and the abolition of fixed exchange rates caused the global economy to experience severe inflation and numerous business failures and encopuraged unproductive investments in developing nations. Economic and monetary policies during the 1980's only served to aggravate problems and the recession. Overcoming these problems requires competent international leadership and a return to fundamentals, with emphasis on productivity. This means restoring harmony and balance in the global economy.

Economic aspects, History, Economic development, International economic relations, Recessions

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Most valuable asset

Article Abstract:

Enterprises are being challenged by the emergence of the new economy with the realization that people are the most valuable asset. Intellectual capital is considered the source of competitive advantage and the important element toward growth and profitability. However, the financial measures of the generally accepted accounting principles of historical cost accounting have not met this requirement. The Canadian Institute of Chartered Accountants's Inter-Institute Vision Task Force has enjoined the profession to develop accountancy toward improving the skills of its members.

Accounting, auditing, & bookkeeping, Accounting & Auditing Services, Accounting, Tax Preparation, Bookkeeping, and Payroll Services, Human resource management, Accounting firms, Accounting services

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Messy housekeeping

Article Abstract:

Many sectors of society willbe greatly affected if the proposed amendment to the Canada Business Corporations Act is approved. The proposal seeks to eliminate the need for private corporations with assets over $5 million or gross revenue higher than $10 million to file annual financial statements. Companies may even decide not to have an audit if stockholders agree. Such a move could adversely affect auditing firms. Critics also say that the proposal, if approved, will make companies unaccountable to the public.

Interpretation and construction, Canada, Commercial law

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