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Article Abstract:

Multidisciplinary partnerships (MDPs) will be unavoidable in the accounting professions but will not likely benefit the practice of accounting. This is because they will be difficult to regulate as such partnerships span several professions, each with its own standards and none of them likely willing to surrender jurisdictional privileges. Proponents of MDPs argue for the seamless provision of multiple services these entities will provide. However, to achieve this objective, MDPs must overcome a number of barriers.

Accounting, auditing, & bookkeeping, Accounting & Auditing Services, Accounting, Tax Preparation, Bookkeeping, and Payroll Services, Accounting, Practice, Accounting firms, Accounting services

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The rise and fall of financial reform

Article Abstract:

An assessment of the long-awaited restructuring of Canada's financial services industry is presented, based on a report of the Canadian Insurance Law Service Bulletin. The reforms, intended to provide consumers the convenience of one-stop shopping for all their financial requirements by eliminating the barriers between the four pillars of the industry, are apparently stalled and may take another five years to fully implement.

DEPOSITORY INSTITUTIONS, Management, Canada, Financial services industry, Financial services

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