Welcome to the June 2009 edition of Countdown! In the latter half of this year, we are expecting to see increased levels of effort by publicly accountable entities (PAEs) towards preparing for the 2010 opening balance sheet and planning on how to address any dual recording requirements or modifications to systems and processes that may be necessary. This is a time-sensitive and critical decision, if benefits from a controls and efficiency perspective are to be obtained. Our lead article on technology discusses several relevant considerations on this subject, and the “Lightyear” implementation team’s focus this month is dual year reporting: what they will need to do and how they will accomplish this for 2010, their year of dual reporting.

With the International Financial Reporting Standards (IFRS) conversion date approaching, companies are devoting considerable time and resources to this important process. The more you investigate, the more you will find that the impact of conversion isn’t just felt in the accounting department. There are ramifications for all aspects of business. And that’s where we come in. Deloitte provides insight on the impact of IFRS across all areas of your business. This means that when January 1, 2011 comes around, you’ll have a competitive advantage. And wouldn’t you rather have a lifeline than a deadline?

"CANADIAN and Australian cities account for six of the top ten spots in the Economist Intelligence Unit's latest liveability ranking (see full report). All of the cities in the top ten scored well over 80.0, the threshold below which difficulties are apparent in day-to-day living. Vancouver is still the world’s most liveable city, with a rating of 98.0; Sydney and Zurich, sharing ninth place, achieved a score less than 2% lower than Vancouver’s. The worst-performing locations are in Africa or Asia, where civil instability and poor infrastructure present significant challenges. The unfolding political and economic crisis in Zimbabwe makes Harare the least desirable city in the survey. Locations within Afghanistan and Iraq are not included."

Specialists in all manner of spices, herbs and seasonings.

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The oddest DC-3 in the world.

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New Danger Kids @ Plaza Theater. Sled Island 2009. Photo by Arif Ansari.

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Quintron and Miss Pussycat @ Plaza Theater. Sled Island 2009. Photo by Arif Ansari.

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Quintron and Miss Pussycat @ Plaza Theater. Sled Island 2009. Photo by Arif Ansari.

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Quintron and Miss Pussycat with Nardwuar @ Plaza Theater. Sled Island 2009. Photo by Arif Ansari.

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New Danger Kids @ Plaza Theater. Sled Island 2009. Photo by Arif Ansari.

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New Danger Kids @ Plaza Theater. Sled Island 2009. Photo by Arif Ansari.

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Monotonix @ Tubby Dog. Sled Island 2009. Photo by Arif Ansari.

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Monotonix @ Tubby Dog. Sled Island 2009. Photo by Arif Ansari.

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New Danger Kids @ Plaza Theater. Sled Island 2009. Photo by Arif Ansari.

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Quintron and Miss Pussycat @ Plaza Theater. Sled Island 2009. Photo by Arif Ansari.

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Monotonix @ Tubby Dog. Sled Island 2009. Photo by Arif Ansari.

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