The Ledger, Feb. 4: The week that was in Canadian accounting news
Merger mania, NAFTA, Bench gets VC funding, Pelham audit and more
TORONTO, Feb. 4, 2018 – Canadian Accountant's weekly round-up of Canadian accounting news stories:
Merger mania this week in the accounting profession
By far the most interesting news this week was the number of mergers that occurred. Of course, we covered the story in “MNP, BDO, Grant Thornton announce accounting firm mergers.” But accelerating M&A activity was one of predictions in “10 fearless predictions for Canadian accounting in 2018.”
Where to go for NAFTA analysis?
It always helps to go outside Canadian media for balance in getting real NAFTA insights. As Forbes points out this week, NAFTA may survive 2018 simply due to the timing of Mexico’s presidential elections, which would give all three countries a chance to do something by doing nothing.
Off the Bench to a starting role in bookkeeping and accounting
News this week that B.C. accounting-tech firm Bench raised $23m in a Series B funding round is interesting. The B.C. tech startup has an interesting business model that looks to be a real disruptor in the bookkeeper and small accounting firm space, commoditizing reconciliation and tax filing work.
Niagara Region not giving up despite KPMG audit of Pelham
The audit committee for the Region of Niagara in Ontario is pushing for an inquiry into the Town of Pelham’s debt and its construction of its community centre and arena, despite an audit by KPMG that absolved the municipality of any wrongdoing.
Welch LLP. Happy Birthday to You.
Congratulations to Welch LLP of Ottawa on the occasion of its centenary. The firm goes all the way back to 1917! Who knew?
Colin Ellis is managing editor of Canadian Accountant.