Compliance

 
The implications of this legislation are far-reaching. While the legislation sets the tone for appropriate business conduct and outlines what is disallowed, it provides limited guidance on what constitutes compliance. The legislation assigns responsibility to individual businesses for interpreting these rules and implementing an appropriate control environment. There are many aspects to compliance that require attention and best practices are evolving as this legislation is implemented across the business community.

Control testing is an expensive and on-going requirement and our goal is to reduce this to a minimum but acceptable level. The Glenidan Consultancy methodology is a risk-based, top down approach that focuses on planning and high level controls in order to assist management, and guide the external auditor where necessary, in the documentation and assessment of the relevant controls. We assess the material accounts, and significant processes that support these accounts, in order to focus management and the external auditor on important risks only. Our top down approach considers controls at the entity level first in order to prevent duplicate or unnecessary documentation and testing at the transaction level. « Back | Continue »
 

Compliance

We have been implementing the Investor Confidence Rules (alternatively known as National Instrument 52-109) for Canadian public companies since 2005.

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Project Management

Outsourcing Information Technology audits and Enterprise Risk Management programs for public and private enterprises are the two most common demands for our project management services.

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Accounting Standards

We have the expertise and experience to converge Generally Accepted Accounting Principles to either International Financial Reporting Standards or Private Enterprise GAAP for Canadian enterprises.

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Extensible Business Reporting Language (XBRL)

Replacing SEDAR (System for Electronic Document Analysis and Retrieval) with XBRL for Canadian public companies is underway on a voluntary basis.

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