Regulatory Bodies in the Accounting Profession

The 20th century saw a proliferation of professions from the original three:
First, theology;
Second, medicine;
and third, the law.

Religion has recently lost out to ideology.

But law and medicine, and their new 20th century cousins (which are all really just occupations with a sense of entitlement) have lobbied successfully for regulations in order to protect the public interest and ensure ethical behavior.

Or at least that was the rationalization.

Regulatory Bodies in the Accounting Profession –

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As a professional accountant with more than 3 decades of experience – including 5 years with the CRA as an auditor and 5 years with

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About THE MAIN STREET JOURNAL

FIGHTING THE BIAS AGAINST SMALL BUSINESS

The Main Street Journal challenges the tendency to overestimate medium-sized and large businesses and overlook the smallest firms that make up Canada’s economy

THE REALITY OF CANADA'S SMALLEST BUSINESSES

Half of workers in business with fewer than 50 employees work for micro-businesses with 0-4 employees.

87%

of private-sector firms are self-employed or micro-business

0-4

employees defines a micro-business

99.7%

of Canadian firms are not large

WHY SMALL BUSINESSES ARE OVERLOOKED

Our hope is to challenge our own perspectives and those of public-sector and corporate finance counterparts to deliver perspectives relevant to the ‘missing middle’ of Canada’s economy.

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