CAUBO.Knotia.ca

CAUBO.Knotia.ca  -  Click on this link to get to the CAUBO.Knotia.ca site.

1.      Background

The Financial Reporting committee and the Taxes committee of CAUBO have been reviewing and updating two important CAUBO Guides:

• The Income Tax Guide (Taxes Committee) --- now available FREE online
• The GST Guide (Taxes Committee) --- now available FREE online

In the course of this work, we came across a product developed by CICA and Ernst & Young, which members of both committees found very helpful not only as a location to easily access the CAUBO guides, but also as a single source of integrated information. Ultimately, both committees recommended to the CAUBO Board that the CAUBO guides be located on the KNOTIA website and that all CAUBO members be encouraged to subscribe at no charge.

2.     The KNOTIA product

Knotia is Canada's first Internet Knowledge Service Provider (KSP) specifically designed for accounting, financial, legal, and tax professionals. A joint offering of The Canadian Institute of Chartered Accountants, and Ernst & Young Electronic Publishing Services Inc., Knotia integrates a broad range of knowledge, services, and tools within an easy-to-use navigational framework.

The new http://caubo.knotia.ca website is a joint venture between the CICA and E&Y. E&Y manages all the technology for this new site.

3.     Why you should seriously consider

• CAUBO.KNOTIA.CA will be the site where the CAUBO Guides will be located and integrated using links to other relevant tax and financial publications
• There is no charge to sign-up for complimentary access to the current two CAUBO Income Tax and GST Guides.
• This is a very comprehensive source of information with an extremely useful search capability to save your valuable time
• Efforts will continue to customize the site for university-specific information
• The product identifies and analyzes issues specific to universities in an easily organized format
• The product provides a comprehensive suite of income and excise tax information allowing for brief case filing and notations
• The product is easily accessed via the web without any special software
• You select only what you need
• Very reasonable and competitive costs for the extra Knotia website products. Our research indicates that most of you are already purchasing some or all of these publications, so may realize cost savings by utilizing this offer

4.     Different ways to familiarize yourself with the product

At the moment, there are three ways to help you familiarize yourself with the product:

• Sign up for FREE online access to the CAUBO Income Tax Guide and CAUBO GST Guide. Email your request directly to Paul Kneebone (CPA Canada) ---- pkneebone@cpacanada.ca
• Also sign up for a 30-day trial of any other available CAUBO.Knotia.ca product --- including the Canadian Financial Reporting Collection --- CFRC (including CICA Handbook) and CAUBO Tax Package.  Email your request directly to Paul Kneebone (CPA Canada) ---- pkneebone@cpacanada.ca
• Contact Paul Kneebone to arrange a special presentation (online or on-site) at your CAUBO institution, including follow-up training.

5.     Basic subscription options

Select the option(s) that best meet your needs. You need to select one of the two Tax Packages listed below.  Then you can select and add any of the following Financial Reporting publications alternatives ---

KEY CAUBO TAX Products --- 2 Purchase Alternatives:

1. CAUBO Tax Package:

Federal Income Tax Collection – Plus (FITACPLS)

$ 1,470/year

GST/HST & Excise Tax Collection (EARL)

$ 1,045/year

PST Module (Atlantic or Quebec or Ontario or Western Provinces

 $ 555/year

Subtotal (including 20% Discount) ……………………

$ 2,455/year

2. CAUBO Tax Package (without Provincial Taxes):

FITACPLS

$ 1,470/year

EARL

$ 1,045/year

Subtotal (including 20% Discount) ……………………

$ 2,005/year

• By purchasing either CAUBO Tax Package, you activate all the “hotlinks” in the CAUBO Income Tax Guide (to FITAC-Plus and CAUBO GST Guide (to EARL).

• All these CICA products (Federal Income Tax, GST/HST & Excise and Provincial Taxes) are updated monthly --- with the “What’s New” sections updated daily. Both CAUBO Tax Packages also include Knotia News – Income Tax, GST, PST (daily email bulletins) for one user --- at no additional charge.

• Either of these CAUBO Tax Package purchases includes a license for up to 10 simultaneous named users (vs. 3 users) and intended for only CAUBO-related staff (not Libraries, Faculty, Students, etc.).

KEY CAUBO FINANCIAL REPORTING Product Purchase Alternatives:

• All these prices also reflect a 15% Discount.

• All CAUBO Financial Reporting-related products include a license for up to 10 simultaneous named users (vs. 5 users) and intended for only CAUBO-related staff (not Libraries, Faculty, Students, etc.).

3.     CICA Standards and Guidance Collection  (CICAHB) …………………………… $ 110/year

• The CICAHB product is already FREE online for any CA Member user.  This $110/year price includes access for up to 10 non-CA users. 

• The electronic version of the CICA Standards and Guidance Collection is now updated at least 6-8 times per year and completely re-structured in late 2009.

4.      Canadian Financial Reporting Collection  (CFRC)……. $ 270/1st year, then $ 230/year on Renewal

Besides the CICA Standards and Guidance Collection infobase, this CFRC suite INCLUDES:

• Financial Reporting in Canada, 33rd Edition, including 2009 Supplement (FRIC08) --- annual Edition
  Survey of Canadian financial reporting practices and published annually (late Fall). It provides insight into the latest practices and trends in financial reporting based upon the published financial statements for the past 3 years of a sample of 200 Canadian public corporations.

• Guide to Canadian Financial Reporting (GCFR) --- updated as required
  Is up-to-date commentary and guidance on the application of the Recommendations to financial reporting issues. GCFR is a unique combination of practical examples and detailed commentary.

• Guide to Accounting Pronouncements & Sources, 6th Edition (GAPS01) --- 2001: Last Edition. This unique, handy index lets you quickly find the relevant Canadian, U.S. or International Accounting or Assurance standards, guidelines and other authoritative literature pertaining to any financial reporting, accounting or assurance problem.

Purchasing at least the CFRC package is recommended by the CICA.

These 4 OTHER Accounting/Assurance & Business-related Knotia products are also available for purchase ---- all with special 20% discount

A.     Canadian Accounting & Assurance Reference Service (CAARS)
………………………………………. $ 270/1st year, then $ 120/year on Renewal

(CAARS) --- provides access to more than 60 of the most recent CICA Research Studies Group publications on both Canadian and international financial reporting trends and practices – as well as new assurance and review standards and procedures.

B.      Canadian Securities Reporter (CSR) ……………… $ 730/year (updated monthly)

---- A Practical Guide to Current Issues in Regulatory Filings.

It is a unique information and news service designed to assist public companies and their advisors in effectively meeting their securities regulatory obligations. The focus of the content is on practical reporting and disclosure matters encountered by issuers in the course of their regulatory filings --- in particular prospectus and continuous disclosure filings (with a special emphasis on actual examples and precedents).

C.    The Accountant’s Manual (ACCMAN)…… $ 315/1st year, then $ 150/year on Renewal (Now updated 4 times per year)

It is Canada’s leading general business information reference source. It is intended for accountants and provides a comprehensive non-technical overview of the basic legal requirements and associated administrative and compliance information regarding virtually all aspects of carrying on business in Canada.

It deals with both Federal and Provincial jurisdictional matters and provides practical guidance on a broad range of day-to-day business issues that confront business professionals.

D.  The Accountant’s Handbook on Fraud Prevention and Detection (FRAUD)….. $220/1st year, then $180/year on Renewal

Designed for accountants in industry, government and public practice, this practical, two-volume reference source provides the basic tools for reducing your risks and, in the worst scenario, managing a crisis.  Written by leading forensic accounting experts, The Accountant's Handbook of Fraud and Commercial Crime is the foremost strategic prevention and management guide in its field that will help you manage the risk of fraud, deal with a suspected fraud, and protect your liability exposure.

PLUS this CUSTOMS & TRADE Knotia product is available for purchase ---- with special 20% discount

E.  Customs & Trade Collection (CARL) ……………………………………………………………………… $1,155/year

CARL is a complete collection of Canadian customs information, as well as selected US and international materials. It includes all relevant legislation, the complete Customs Tariff and schedules, administrative materials, case law and findings by Canadian courts and tribunals, NAFTA legislation, the US Tariff and US Customs Rulings, and more

• Purchasing CARL includes a license for up to 10 simultaneous named users and intended for only CAUBO-related staff (not Libraries, Faculty, Students, etc.).

A final note on the number of simultaneous users (up to 10 designated concurrent users) for any Tax, Customs, Accounting/Assurance and Business-related paid CAUBO.Knotia products:

• On an exception basis only, the CICA will increase the license ratio to 15:1 to allow for additional users as requested by the institutions.  This will be particularly considered for larger CAUBO member institutions.