Similar vision shared by N. Irish and Canadian CAs

The chairman of the Institute of Chartered Accountants of Ontario (ICAO) said
Canadian and Northern Irish chartered accountants can learn from each other in
the areas of legal liability and changing international standards.

Rod Barr, chairman of the ICAO, met with Colin Johnston, chairman of the
Ulster Society of Chartered Accountants (USCA) at the USCA’S Centenary
Conference, held in Ontario.

Barr said Canada business regulations were driven by its neighbour the US,
despite the fact that Canadian business leaders were probably more culturally
disposed to a European style of dealing in principles, sound judgement and
lighter regulation.

‘Fortunately both Canada and Ireland’s chartered accountants punch above
their weight in terms of setting international standards considering the size of
their respective economies,’ he said.

Johnston said the two institutes shared a very similar vision.

‘Chartered Accountants in Ontario and in Northern Ireland share similar goals
and challenges within a changing global marketplace and comparing our
experiences has been very valuable,’ Johnson said.

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