A savvy investor was reviewing her investment account statements. She was angry that she had suffered losses due to the collapse of the Live Entertainment Corporation of Canada Inc. (Livent). The investor was a long time investor and prided herself on investing a portion of her income on a regular basis. She was able to read and interpret financial statements intelligently. In 1996, after reviewing Livent’s audited financial statements, the investor .....more

A savvy investor had incurred investment losses due to what she thought were false or misleading statements in the financial statements of Live Entertainment Corporation of Canada Inc. (Livent). The investor did not think she would be able to recover her losses by suing Livent. She wondered if she should consider suing the auditors who prepared the financial statements. This is a supplement to Auditor Liability in Canada (A).

The director of professional standards at Potter-Smith, a growing 32-office chartered accounting firm, is preparing a report to the managing director. The report concerns a $400,000 legal action launched by a bank charging Potter-Smith with damages for issuing a faulty audit. The director of professional standards must decide if the firm's quality control procedures are adequate.

Advanced Book Exchange is an Internet-based used book marketer. It has been very successful, but larger firms such as Amazon and Barnes & Noble were looking into this market. The chief operating officer must decide whether to grow through geographic diversification or consolidate and stay focused on its current markets.

This note provides assistance to architects pursuing projects outside of Canada. Discussed is relevant background information, an evaluation process that architects should follow when contemplating bidding on projects in the United States and overseas. It will be of value to companies that are looking at international projects for the first time as well as companies that are already active in the international arena. In addition, it can provide assistance .....more

The co-owner of a video production studio must decide what to do about the partnership of the business. He has not heard from his partner in several days, there have been phone calls from a lawyer's office looking for his partner and issues keep occurring relating to the absence of his partner. The supplement Chainmail Casting Services Inc. (B), product 9B04M015, looks at the co-owner's attempts to discuss his concerns with his partner and .....more

In this supplement to Chainmail Casting Services Inc. (A), product 9B04M014, the co-owner of a studio has a number of concerns regarding the participation and work habits of his partner. He has attempted to talk about these concerns but his partner avoids the issues. The co-owner must decide what his options are if the business is to continue.

A senior officer at a large police department is preparing to address a class of newly-graduated police officers. Over the past five months, the nation's media has been covering almost daily stories of alleged corruption concerning police officers in the precinct. The coverage intensified with the apparent suicide of one of the police officers, an officer previously decorated for service and bravery. In preparing his address to the graduates, .....more

Thomson-MacKenzie is a large accounting firm. A senior staff member has taken a phone call from one of the firm's clients asking about why he has not yet received his tax return as promised. The senior staff member has to determine what caused the delay in getting the return done on time, how to resolve the issues surrounding the delay, and how he will respond to the client. A part-time workforce, working with high volumes and tight deadlines, .....more

Ensign Security Services is one of the largest security guard service firms in North America. From its inception in 1989 the company has developed a long list of customers and had a waiting list of new customers. Because the chief executive officer and founder of the company believed in hiring the best security guards, treating employees fairly and had developed a strong experience management team, the company was able to provide high quality service .....more