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Inside Internal Controls

News and discussion on implementing risk management

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Author Archive - Colin Braithwaite

Colin Braithwaite has more than 20 years experience in writing and publishing. From 2004–2010, Colin was the Managing Editor responsible for the products in the Internal Control Library at First Reference Inc. Read more

Exposure draft of new accounting standards for NPOs

Now that the financial reporting standards for public companies and private enterprises have been settled, the Accounting Standards Board is turning its attention to not-for-profits. The board’s objective is to ensure that accounting standards for not-for-profit organizations “are responsive to the diverse nature of the sector, allow for comparability between the private and public sectors and provide decision-useful financial statements for the multiple and varied users of these statements.”


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A failure of governance at THS

Behind the headlines of sick animals, the real story of the Toronto Humane Society is one of failed governance.


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The cynical blather about HST

You’d think that in tough economic times, political parties might get together to support public policy that is fiscally progressive, good for business and (if the experience of Atlantic Canada is anything to go by) not such a bad deal for consumers. But you’d be wrong.


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Another perspective on ECPA

In a previous post, I commented that the Industry, Science and Technology Committee made relatively few amendments to Bill C-27, the Electronic Commerce Protection Act (ECPA). Now, McCarthy Tétreault has analyzed the Committee’s changes, and concludes that, from its perspective, some but not all of the most troublesome aspects of the Bill have been amended.


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ECPA moving forward

The Electronic Commerce Protection Act (ECPA) may move out of committee with few amendments. Have critics been deterred by the National Do Not Call List debacle?


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Neutering net neutrality

In its net neutrality decision, the CRTC says “throttling if necessary, but not necessarily throttling.”


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The cost of security breaches in Canada

  There’s a new report from TELUS in partnership with the Rotman School of Management that helps quantify the cost of IT security breaches to Canadian companies. The report, based on a survey of more than 600 IT security professionals in Canada found that:   IT security breaches cost the average organization an estimated $834,000 in […]



Does your company have environmental policies?

Although sceptics might characterize environmental policies as “greenwashing”, there’s no question that these policies have moved into the mainstream. Companies are not making this move for altruistic reasons; the fact is that responsible environmental policies can make a company more competitive—more attractive to customers and other stakeholders, less expensive to operate, and more compliant with […]


The cost of malware

After a carefree summer, here´s just the thing to help you prepare for the terrors of the modern workplace: a recent OECD study entitled Computer Viruses and Other Malicious Software: A Threat to the Internet Economy, which estimates that the average business spends between 6 and 10 percent of its total technology budget addressing issues arising from malware.



Economy vs. the environment

When discussing the environment; it´s often presented as the flip side of the economy, and people are presented with a black and white choice of which they´d rather have – a healthier planet or more jobs.



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