Human capital management (HCM): Align workforce and strategy
If your organization resembles the traditional personnel management model, consider adopting the more progressive HCM approach. While implementation may require adjustments and upfront costs, the benefits far outweigh the investment.
Apolone Gentles, JD, CPA,CGA, FCCA, Bsc (Hons)
4 minutes read
December 4, 2024 
Employee benefits and internal controls
Employee benefits require internal controls in addition to all the effort that goes into designing benefit packages to attract and retain talent. As such, human resources, payroll, benefits administrators and finance must be involved in benefits administration to ensure compliance, accuracy, effectiveness, and efficiency. In fact, consider this the first internal control over employee benefits.
Apolone Gentles, JD, CPA,CGA, FCCA, Bsc (Hons)
Five considerations for commission policies
A commission is an entitlement to compensation based on attaining a target. Employers should remember the following five things when designing and operating commission schemes:
Apolone Gentles, JD, CPA,CGA, FCCA, Bsc (Hons)
A really concise version of the IIA’s new Global Internal Audit Standards (GIAS)
I want to share below a 6 page version that contains only the Purpose Statement, the Principles, and the main part of each Standard.
Norman D. Marks, CPA, CRMA
Financial competence for boards and senior management
Directors and officers have fiduciary duties under tax, bankruptcy, incorporation, environmental and other statutes, with personal exposure for unpaid wages, salaries, and statutory deductions, and other liabilities.
Apolone Gentles, JD, CPA,CGA, FCCA, Bsc (Hons)
Human error and internal control failures cause US$62M fine
In May 2024, the UK’s Financial Conduct Authority (FCA) and Prudential Regulation Authority imposed fines and penalties totalling about £62M on Citigroup.
Apolone Gentles, JD, CPA,CGA, FCCA, Bsc (Hons)
Ontario court clarifies the law on privilege over internal corporate investigations, and special committee reports
The Ontario Superior Court of Justice recently released a decision that will be welcomed by companies seeking to maintain privilege over the results of internal investigations.
McCarthy Tétrault LLP
Internal audit and generative AI
We should understand the more significant risks to enterprise objectives, identify the audits we want to perform, and only then select the best tools for the job – which may or may not include AI.
Norman D. Marks, CPA, CRMA
Introduction to general partnerships: A guide for Canadian entrepreneurs
People who want to pool their resources, knowledge, or skills can form a general partnership (or, more simply, a partnership). A general partnership is a type of business organization that comes into existence when two or more people carry on business together with the intent to make a profit.
Roberts & Obradovic Law