In Other News
Staying informed about cybersecurity can be a daunting task for busy professionals, particularly as the threat landscape is continually expanding. But whether you’re a sole practitioner, the designated chief information security officer (CISO) for your organization, or the de facto CISO by virtue of your role in leadership, you need to stay current to mitigate risk.
Despite repeated interest rate hikes over the past year, the real estate market in many major Canadian cities remains resilient, and construction of new housing continues to grow. As real estate property is typically a big ticket item, the Canada Revenue Agency (CRA) recently increased its audit activity on GST/HST self-supply rules on residential property.
We need to consider developing internal controls as a way to add value, not just as a tick-the-boxes compliance task. One of the major compliance responsibilities of finance managers is to help ensure that their organizations have satisfactory internal controls in place.
On a sunny day in May, I was talking to a new client about training their team to build financial planning and analysis solutions in Excel. “How much are you using Power Query today?” I asked. The phone went silent… they’d never heard of it. Realizing that my client was missing this vital piece of the modern Excel technology stack, I pivoted the conversation to training in Excel fundamentals instead of advanced concepts.