Thursday, November 6, 2008

Canada’s CAs providing assistance to help directors deal with financial crunch

The Chartered Accountants of Canada have released a new publication aimed at helping corporate directors understand the business implications of the global financial turmoil. The publication, which is titled Director Alert: The Global Financial Meltdown – Questions for Directors to Ask, highlights key topics for directors to consider to better understand their company's exposure and their own obligations. There are four categories of questions:
Uncertainty, Risk and Business Strategy; Financial Condition and Liquidity; Reporting and Disclosure; and Leadership and Corporate Governance.