CMA Management articles from November 2005

CMA Management archives from November 2005

Digitize this: approximately 5 million cheques are moved between Canadian financial institutions every single day. That's a lot of paper. The solution? An industry-wide initiative that captures images of cheques so they can be cleared electronically. But what does this impending change mean to you?(cheques )
November 1, 2005... You may not have to get on it right this second, but by December 31, 2006, be ready to shred your extra cheques. [ILLUSTRATION OMITTED] New cheque specifications--for both personal and business accounts--are coming to Canada as an...

Measuring the payoffs of strategic risk management.(Features)
November 1, 2005... The new risk management environment requires that organizational leaders expand their scope to incorporate a broader set of risks. Managing these risks effectively, to improve performance and meet stakeholder expectations as well as meet...

The new world of risk: although risk has always been an integral part of doing business, science and compliance have together conspired to make risk management both more complex and in some ways more precise. Bob McGlashan, CMA, is on the cutting edge of these changes.(Features)
November 1, 2005... Risk management is today's executive watchword. With the creation and implementation of Basel II and the Sarbanes-Oxley Act (and its soon-to-be-instituted Canadian equivalent), inevitably the importance of getting compliance right has put many...

XBRL on the rise: organizations around the world are beginning to reap the benefits of Extensible Business Reporting Language (XBRL) standards by including them in automated processes. Governments, banks and companies are at the beginning stages of adopting XBRL. Early results, just in, are encouraging, but there is still lots to do.
November 1, 2005... Corporate reporting has been affected tremendously by new compliance rules and the way in which these rules have raised the bar on financial reporting practices. Auditors are nervous about the risks of assembling statements through rekeying...

IT downtime: assessing the human factor; A number of recent studies cite human error as the largest cause of centralized IT failures. However, methods for mitigating this threat don't get much air time. IT managers seeking to make their systems more reliable would do well to take some lessons from other industries.(case studies on human errors)
November 1, 2005... After the incident at Pearson Airport that left an Air France Airbus smoldering in a gully, Real Levasseur, lead investigator with Canada's Transportation Safety Board, was asked if human error was a factor. "We don't look at human error," he...

Breaking the border impasse: the federal government is bolstering border security with new investments, while trying to make trade more efficient.(anti terrosism measures)
November 1, 2005... Since the terrorist events of September 11, 2001, and the more recent bombings in London on July 7, 2005, governments have worked hard to ensure security while respecting privacy and recognizing the need for reduced interruptions to the flow of...

Crude estimates: in September, CIBC World Markets suggested that oil would hit US$100 a barrel by 2007. So, should we expect big changes in world trade? Some experts think not.(fprecasts in oil price rates)
November 1, 2005... On September 7, CIBC World Markets Inc. published a report that suggested oil prices would hit US$100 a barrel by the fourth quarter of 2007. The report created some excitement, and raised an interesting question: If oil did hit US$100 a...

Refocussing the corporate mind: the role of the CEO reconsidered, innovation in the creative enterprise, and essential coaching tips.(Departments)
November 1, 2005... It Takes a CEO Leo Hindery has served as CEO or president of five major media and cable corporations. From that vantage point, he has seen firsthand the poor state of corporate values. His new book, It Takes a CEO: Leading with Integrity,...

Glen LeBlanc, CMA, named senior vice president and CFO of Aliant.(appointments)(forecasts in salaries )
November 1, 2005... Jay Forbes, president and CEO of Aliant Inc., announced late in September the appointment of Glen LeBlanc, CMA, to the role of senior vice-president and chief financial officer, effective immediately. LeBlanc most recently served as Aliant's...