Foresight

WHAT BUSINESS AGILITY MEANS FOR THE LONG-TERM, POST COVID-19

2020 PIVOT | SOPHIE NICHOLLS JONES Whether it’s pivoting to manufacture personal protective equipment (PPE), servicing patients remotely or leading fitness classes over Zoom, Canadian companies are adapting to survive through COVID-19. But not every business can adjust so easily. With the United Nations predicting at least a US$1 trillion cost to the global economy due to this pandemic, how important is business agility for making it to the other side? Below are four tips on how agility can play into business survival and success.

• Define a new normal • Find new revenue streams • Motivate stagnant staff • Plan rather than react

Whatever the strategy as we navigate through COVID-19, now is the time to start visualizing how your business will look in a post-pandemic reality. To read the full article, visit cpacanada.ca.

CANADIANS MORE AWARE OF FRAUD BUT MUST STAY ALERT, SURVEY SAYS

2021 PIVOT | SOPHIE NICHOLLS JONES According to the 2021 CPA Canada Fraud Study, 62 per cent of Canadians are doing more to protect themselves against scammers.

With the pandemic providing fertile ground for scams of all kinds, Canadians must keep their guard up to ensure they don’t become victims, warns a new study. According to the CPA Canada 2021 Fraud Study conducted in January, almost three quarters of those surveyed (73 per cent) have received fraudulent requests, with email (44 per cent) and telemarketing (33 per cent) being the most common targeting methods. Additionally, 33 per cent have fallen prey to one or more types of fraud at some point in their lives. These results come after Canadians lost $106.4 million to fraud in 2020 (up from about $96 million in 2019), according to the Canadian Anti-Fraud Centre. Fraudsters are apparently capitalizing on the fear and anxiety caused by COVID-19 by targeting the public and their finances in more sophisticated ways. To read the full article, visit cpacanada.ca.

FORESIGHT

MASTERING DATA: A SERIES OF ARTICLES FOR CPAs

Today’s digital economy creates new demands on CPAs. CPA Canada’s article series on mastering data will indulge your curiosity and help you set a foundation to becoming a data expert in your organization.

In an age where data is an organization’s most valuable asset, CPAs must become comfortable operating in a world that’s data-rich, data-intense and data-driven.

The Mastering Data series looks at the foundations of the digital economy and explores the role of CPAs in using digital technologies and data management to improve business outcomes.

LEARN ABOUT:

• how to broaden your understanding and how to contextualize models used to inform decision-making • opening new revenue streams by selling data and derived insights • identifying the gaps in your organization’s data holdings and how to purchase data • the risks of holding data

JOIN THE CONVERSATION

Are you ready for a world that’s data-rich and where all decisions are data-driven? Join the conversation on CPA Canada’s digital engagement platform to participate in forums and quick polls.

CPA SASKATCHEWAN SCHOLARSHIP FUND INC.

INVEST IN THE FUTURE OF OUR PROFESSION

The CPA Saskatchewan Scholarship Fund Inc. (the Fund) is an affiliated but independent entity to CPA Saskatchewan. All CPA Saskatchewan members are members of the Fund.

The purposes of the Fund are: • To provide scholarships, bursaries or grants to those enrolled in the Institute of Chartered Professional

Accountants of Saskatchewan educational program.

These are defined as both the CPA preparatory courses and the CPA Professional Education Program (PEP). • To assist recipients in the continuation of their course of studies in Saskatchewan leading to the CPA professional designation. • To promote higher education by providing bursaries, scholarships and grants to qualified students. The Fund is primarily supported by donations and it is a registered charity through the Canada Revenue Agency. It is these donations that will allow the Fund to assist and support students and candidates in achieving their dreams of becoming Chartered Professional Accountants. To make a donation online to the CPA Saskatchewan Scholarship Fund, click the donation button below!

MAKE A DONATION NOTICE OF ANNUAL GENERAL MEETING OF MEMBERS

CPA SASKATCHEWAN SCHOLARSHIP FUND INC.

NOTICE IS HEREBY GIVEN that the annual general meeting of the members of CPA Saskatchewan Scholarship Fund Inc. will be held virtually on the 15th day of June 2021, at the hour of 11:45 am. Information to be presented includes the Annual Financial Statements and a summary of activities for the year. A full agenda and a copy of the Annual Financial Statements will be posted on the CPA SK website after June 1.

Don Walker, CPA, CGA, Chair of the Scholarship Fund Board March 15, 2021

CALL FOR VOLUNTEERS

The CPA SK Scholarship Fund is looking for volunteers to serve on their Board. The Board meets three or four times a year by phone. If you are interested in volunteering, please send an email to Myrna Buttner at mbuttner@cpask.ca before May 7, 2021.