News Archive: Financial Reports

Effective Sustainability Reporting Is a Journey, Assess Where You Are At with Deloitte’s Quiz

“Ten To-Do’s for Audit Committees in 2011” KPMG

From number one, “Keep your eye on the ball: financial reporting and related internal control risk,” to number 10, “Make time to review and discuss the new Report of the NACD Blue Ribbon Commission on The Audit Committee,” the Ten to-do’s point to key issues that every audit committee should have on their radar as they help guide their companies forward in an uncertain economic environment and a new regulatory landscape. [Click on Pic to learn more]

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Effective Sustainability Reporting Is a Journey, Assess Where You Are At with Deloitte’s Quiz

“Key Factors Shaping Financial Reporting: The Decade Ahead” Deloitte

Several financial reporting challenges and trends have emerged during the past few years, including three key qualitative characteristics of useful financial reporting: relevance, understandability, and timeliness. These characteristics have long been recognized as essential qualities in supporting financial, investment, and other economic decision making. [Click on Pic to learn more]

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Effective Sustainability Reporting Is a Journey, Assess Where You Are At with Deloitte’s Quiz

Cangene Receives Approval to Early-Adopt International Financial Reporting Standards

Cangene announces that it has received approval from the Canadian securities regulatory authorities to prepare its financial statements in accordance with International Financial Reporting Standards (“IFRS”) for financial reporting periods beginning on or after January 1, 2010, one year ahead of the mandatory conversion date for Canadian public companies. [Click on Logo to learn more]

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Effective Sustainability Reporting Is a Journey, Assess Where You Are At with Deloitte’s Quiz

SNC-Lavalin Announces Fourth Quarter and Year-End Results For 2010

For the fourth quarter 2010, net income increased to $139.2 million ($0.91 per share on a diluted basis), compared to $98.7 million ($0.65 per share on a diluted basis) for the comparable quarter in 2009. This increase mainly reflects higher contributions from the Infrastructure & Environment, Mining & Metallurgy and Other Industries segments, partially offset by a lower contribution from the Chemicals & Petroleum segment. [Click on Logo to learn more]

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Effective Sustainability Reporting Is a Journey, Assess Where You Are At with Deloitte’s Quiz

Royal Bank of Canada Reports Record First Quarter 2011 Results

“RBC had an exceptional start to the year, earning a record $1.84 billion in the first quarter of 2011. We grew our earnings across our segments demonstrating the strength and diversification of our businesses and the earnings power of this organization,” said Gordon M. Nixon, RBC President and CEO. [Click on Logo to learn more]

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Effective Sustainability Reporting Is a Journey, Assess Where You Are At with Deloitte’s Quiz

TD Bank Group Reports First Quarter 2011 Results

“The first quarter was an excellent start to the year for TD, with record adjusted earnings and great growth across our retail businesses on both sides of the border. Total adjusted retail earnings hit another new high of $1.4 billion, up 30% from last year. Wholesale Banking also had a strong quarter,” said Ed Clark, Group President and Chief Executive Officer, TD. [Click on Logo to learn more]

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Effective Sustainability Reporting Is a Journey, Assess Where You Are At with Deloitte’s Quiz

CIBC Announces First Quarter 2011 Results

CIBC today reported net income of $799 million for the first quarter ended January 31, 2011, compared with net income of $652 million for the same period last year. Diluted earnings per share (EPS) were $1.92, compared with diluted EPS of $1.58 a year ago. Cash diluted EPS were $1.94(1), compared with cash diluted EPS of $1.60(1) a year ago. Return on equity for the first quarter was 23.3%. [Click on Logo to learn more]

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Effective Sustainability Reporting Is a Journey, Assess Where You Are At with Deloitte’s Quiz

Maple Leaf Foods Reports Results for Fourth Quarter and Fiscal Year 2010

“Maple Leaf Foods delivered strong earnings growth in the fourth quarter, despite a sharp increase in raw material prices” said Michael H. McCain, President and CEO. “These results reflect the benefits of cost reductions and price increases intended to help us keep pace with global food inflation, and some early benefits from the initial execution of our strategic plan. We expect the progress we are making in reducing our cost structure, simplifying our product lines, and streamlining our operations will contribute to earnings throughout 2011.” [Click on Pic to learn more]

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