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Inside Internal Controls

News and discussion on implementing risk management

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accountability

How will we meet the privacy and information challenges of the digital age?

Existing laws, policies and practices are insufficient to meet the twin challenges of protecting individual privacy and providing public access to information in the digital age. “Bold leadership” is needed…

 

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Eighteen-year tax battle with the CRA a win for taxpayers

Irvin Leroux fought the Canada Revenue Agency for 18 years over allegations of unpaid taxes and gross negligence. Despite losing some of Leroux’s original documents, the CRA eventually claimed he owed close to a million dollars in taxes, penalties and interest for three years when he was starting his RV park business in British Columbia.

 

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Internal control system: How is your accountability?

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In COSO’s updated Internal Control – Integrated Framework, one of the 17 principles they present is that the organization holds individuals accountable for their internal control responsibilities in the pursuit of objectives. Have you considered how your control system enforces accountability?

 

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Canada loses points in annual corruption ranking

Transparency International’s 2013 Corruption Perceptions Index shows significant improvement among some poor performers and some movement at the top, as well. In particular, Canada’s score fell three points in 2013, to 81 (out of 100). The Corruption Perceptions Index measures how various stakeholders perceive corruption in the public sectors of the subject countries, based on reviews of government accountability, access to information, conflicts of interest and abuse of office, and integrity rules and anti-corruption laws.

 

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Federal government seeks input on Canada Business Corporations Act

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The Canada Business Corporations Act (CBCA) last underwent significant change in 2001, and Industry Canada believes conditions have changed enough since then that it’s time for another review. The department is accepting input until March 11, 2014, on the following topics…

 

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Credit-proofing charity assets

Most charities and not-for-profit organizations are incorporated as non share capital corporations. These corporations are considered separate legal entities from their members or directors. This ‘separateness’ protects the members (and to a large extent directors) from being personally liable in the event the organization finds itself liable for damages as a result of a court finding.

 

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Can an employee request access to their personnel and payroll files?

In Canada, employees have the right to access information in their personnel and payroll files, provided that it does not interfere with another employee’s privacy rights.

 

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The Privacy Commissioner’s case for reforming PIPEDA

With 10 years of experience as Privacy Commissioner of Canada behind her, and her term reaching its end, Jennifer Stoddart has released a report titled “The Case for Reforming the Personal Information Protection and Electronic Documents Act” which describes how to modernize Canada’s private-sector privacy legislation to ensure it is able to meet the current and future challenges of the digital age and protect Canadians’ right to privacy.

 

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