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May 2012

		Advisers of the affluent With about half a million Canadians having investable assets of $1 million or more, the potential client base for multifamily offices in Canada is growing. And if you want one or more of these wealthy Canadians as clients, you’re not alone BY SANDRA E. MARTIN 20/20 vision The recent fiscal crisis made tax-reform proponents worry that gains made over the years would blow away in a blizzard of red ink. Their goal is to chart a course that will encourage work and foster productivity. So what will Canada’s tax system look like in 2020? BY ROBERT COLAPINTO

People Anyone looking for the trip of a lifetime that is exotic, out of the ordinary and not off the shelf should look to Toronto CA Mercedeh Sanati. The co-owner of a travel agency, Sanati mixes business with pleasure: she custom designs trips for clients, manages finances and when she’s not in the office, she’s scouting new travel experiences News and trends • Going concern • Ask an expert • Social network stats • CAs made skating in the square a reality • Numbers game Bits and Bites • Postage perk • A life of work • No java required • Most frauds discovered through tips • A is for accountant

		Technology Sound management and an understanding of risks and controls will help decision-makers benefit from new technologies BY GUY-MARIE JOSEPH + PASCALE DOMINIQUE Standards Auditors should start planning for the review of the first IAS 34 interim financial statements now   BY CHI HO NG Assurance Recent disasters such as the BP oil spill and Iceland’s volcanic eruption have renewed interest in continuity plans BY PHILIPPE RICART + ANDRÉ LESSARD

News from the profession CICA welcomes new chair and vice-chair • US paid tax return preparer registration process is now in place • CICA Continuing Education now on Facebook • CAs encourage federal government to focus on tax system and prudent fiscal management • CA profession prepares for a changing professional environment • TELUS tops at 59th Corporate Reporting Awards

From the editor A taxing future Netwatch Plug in to on-site extras Outlook Hooray for China and India Work in process Ever wondered how your organization stacks up in performance against its peers? We’re conducting a benchmarking survey to help you find out.