Organizations can often benefit from the additional resources, expertise and independence provided by external consultants, such as Gary Schein of GFS Consulting. Gary has been involved with SOX process documentation, test designs, testing, and risk assessments with publicly traded companies for over 4 years. In addition, Gary is a member of the Institute of Internal Auditors, and has over 25 years of financial management, accounting and internal audit experience with public, private and non-profit organizations.

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Gary Schein of GFS Consulting is available to assist companies in Canada with initial preparation for IFRS. Read more »

Given the credit crisis and financial turmoil during September and October 2008, it makes me wonder whether all the effort regarding SOX has been effective. In other words, SOX improved safeguards around internal controls, financial reporting, conflict of interests, transparency etc. Therefore, should we have expected the SOX program to have prevented or at least mitigated the financial crisis in the US? Read more »

Companies involved with managing a portfolio of financial or physical commitments must have a robust system in place to keep track of the obligations to that have been committed to sellers and buyers of these products. This pertains to primarily to Banks, and companies involved with commodity futures.

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IFRS Project Consulting

As changes to financial reporting, IT systems, business processes and perhaps entity controls evolve throughout the IFRS conversion time frame, it’s critical that internal controls, especially those related to NI 52-109 and SOX 404 certification, are maintained, redesigned and operate effectively throughout this project. Read more »

IFRS – Other Considerations

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