Blog Posts

Evaluation of Management Assumptions during the Economic Crisis: Impairment of Long-Lived Assets

Tuesday, August 18, 2009 by Jody MacKenzie
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Under Canadian GAAP, management is required to test long-lived assets for impairment whenever circumstances indicate that their carrying amount may not be recoverable. The decline in the current economic environment, including reduced market prices for assets, may result in such a circumstance.
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Navigating a Crisis - Part IV

Wednesday, July 29, 2009 by Scott Crowley
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In an economic downturn, businesses must ensure their customers remain their number one priority.
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Navigating a Crisis - Part III

Monday, July 20, 2009 by Scott Crowley
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Faced with the current economic pressures, many firms are reacting by jumping to conclusions to protect profits.
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