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Inside Integra

Issue 6 | December, 2016

In This Issue

Inside Integra Editor Richard Purcell

Welcome to the sixth issue of our members only newsletter for 2016.

As we all know, change is happening all the time and a perfect example is demonstrated in our opening article concerning the management of our association.

Be sure to click on the read more link in Business Referrals. Again you will find some really interesting interaction among members. Let us know about your contact with other Integra member firms so that we can report about it in the next issue of our newsletter. The information is used when we are recruiting new member firms - it shows the true value proposition of an Integra membership.

There is always something interesting involving our members around the world. Read about them in the Member News section.

In Other News we are pleased to announce the admittance of 4 new member firms. There is also a report on the first worldwide Integra conference to be held on the African continent and finally there is a tremendous offer that will help you manage your firm.

We also enlist your help with increasing the number of individuals that receive our emails. Please let me know of others in your firm that you would like to add to our mailing list for Integra communications.

Your questions, comments, additions or suggestions are welcome and I would like to encourage you to send input for our next Inside Integra newsletter in February, 2017.

Richard Purcell

Newsletter & Website Administrator

Cape Town Conference Well Received

Integra’s Annual Global Conference was well received by the attendees in Cape Town, South Africa. Attendance was 103, with an almost equal amount of delegates and guests attending.

A warm heartfelt thank you to our host firm, C2M Chartered Accountants, Inc. for working with Integra’s staff to create a memorable event. Feedback has commended Integra on interesting and relevant content that also paid specific homage to its location on the continent of Africa.

The welcome reception in the gardens of the Mount Nelson Hotel provided a lovely outdoor gathering to break the ice and meet and mingle with old friends and new members before the conference. The historic hotel made for a lovely backdrop with Table Mountain in view as the sun set.

The following two days of conference were filled with interesting content. Host firm Partner, Carel Steenkamp provided a detailed history of South Africa that was very educational. South African key note speakers, Zelda La Grange spoke of her time working with President Nelson Mandela, while Chief Economist, Dawie Roodt spoke of the economic climate and changes in the world’s financial status. Robert Coe spoke on Brexit from the U.K. perspective. Tunde Adaramaja presented Business Opportunities in Africa, and Nicky Gouder from Malta provided information on Residence Opportunities in the EU. Steve Austin and Simon Terry- Lloyd shared how the New Lease Accounting Rules will provide opportunities for all Integra Member Firms and allows Integra to be on the forefront in providing information to their client firms. Stefanie Fieste’s presentation provided a guide for both junior and senior firm members for long range succession planning.

 Friday Dinner at Gold Restaurant provided a lively and entertaining evening filled  interactive drumming for Integra members as well as traditional song and dance. Saturday afternoon’s excursion post conference to Table Mountain had the majority of Integra’s members and guests taking the aerial tramway up to the top for spectacular scenic views of Cape Town and the Coast.

For more information on the content of the conference, and to access all the presentations, visit Integra’s website under "Conferences" (scroll down to the Cape Town conference).  All presentations are saved for each conference there for your reference.

Contributed by Renee Dominique


Business Referrals

Business referrals in October and November involved mostly broadcast e-mails asking for assistance on a variety of topics - some very technical. They have involved United States, United Kingdom, Canada, Spain, Netherlands, Panama and Malta.

If you would like to report any referrals or assistance, please send an e-mail to one of us and we will gladly report on your behalf. It is your chance to publicly thank your colleagues.

Read more »

Member News

This issue reports on a few client seminars (an excellent way to market your firm), one new partner appointment, a 1st page ranking on MSN.com and a few members that have left our association.

If you have an item of interest that you want our members to know about, just drop us a short e-mail. 

Read more »


Other News

New members , new members, new members!

The following press release was issued on October 21, 2016:

CPS Cape Town, South Africa — During Integra’s World Wide Conference, the organization announced the admittance of Cresa as its newest Alliance Member. Integra’s Global Chairman, Doug White says “We are excited to welcome Cresa to our Integra family. Our goal is to provide our member firms and their clients the best tools available to help them succeed, and we see this alliance as part of that goal.”

Cresa is an international tenant-only commercial real estate firm headquartered in Boston, Massachusetts, USA and led by CEO, Jim Underhill. Cresa represents tenants and provides real estate services, including lease evaluation and compliance; transaction management; project management; facilities management; workforce and location planning; portfolio/lease administration; supply chain management; sustainability; and sublease and distribution. They have 50 offices in North America and over 800 employees doing business worldwide.

Soon the FASB and the IASB lease accounting standard will bring new assets and liabilities onto the balance sheet. Listed companies using IFRS or US GAAP are estimated to have approximately $3.3 trillion of lease commitments, of which more than 85 percent do not appear on their balance sheets. In the past leases have been categorized as either "finance leases" (reported on the balance sheet) or "operating leases" (disclosed only in the notes to the financial statements).

Integra and Cresa are partnering to provide members and clients with information to meet the new standard obligations. The organizations will work together to bundle services that include the accounting, lease negotiation and analysis as well as the reporting and presentation expertise that companies need to meet these new standards.

The FASB Standard ASU 2016-02, Leases is effective for US GAAP public reporting entities for fiscal years, and interim periods within those fiscal years, beginning after December 15, 2018. For private companies, the standard is effective for fiscal years beginning after December 15, 2019 and interim periods beginning the following year. IFRS 16 becomes effective Jan. 1, 2019.

Paivi Husu in Helsinki, Finland has acquired a subsidiary firm in Stockholm, Sweden - Administer Sverige AB. It is managed by Harry Nordstrom who can be contacted at harry.nordstrom@administer.se It is a 2 partner firm providing a variety of accounting and tax services.

Our growth in Africa continues with the admittance of Business Auditing and Consulting in Abidjan, Ivory Coast. They are an accounting and tax firm with 1 partner and 10 staff. The main contact person is Mr. Mohamad Ghazal who can be contacted at ghazmohamad@yahoo.fr For more information about the firm, please visit their website at www.bac.ci

Ecuador now has two member firms. Welcome to WENS CONSULTING & AUDITING WHIMPPER NARVAEZ S.A. located in Guayaquil. They are an 18 person firm that provides audit, tax, and advisory services. They have more than 10 years in the Ecuadorian market. They have an experienced and multidisciplinary team of professionals focused on providing added value to clients. The main contact person is Whimpper Eduardo Narváez Salas who can be contacted at wnarvaez@wens.com.ec For more information about the firm, visit their website.

Member Database and International Directory

Our international directory is intricately linked to our web site so updating the details of each firm in the printed directory will occur concurrently with updates to our website.

We continue to ask each member firm to ensure that all professional staff are included in our database so that Integra can directly send newsletters and conference information to them. We want to thank the many firms that submitted the information. However, there still remains a gap between the number of professional staff according to our membership statistics (4,252) and our mailing database (773).

We realize that not all staff in your firm speak English but by them receiving information directly from Integra, they will feel part of the organization. They are the future leaders of your firm and it will benefit the firm in the long run.

If you are the main contact person for your firm, please respond with the names and e-mail addresses of all your professional staff. This can only help your firm experience the power of your Integra membership by engaging your entire staff in what's happening at Integra.

Firm Global Connection Program

Integra International has partnered with the American Institute of CPAs (in partnership with the Chartered Institute of Management Accountants) to bring to you resources to help you manage your firm. The resources are in English, Spanish and French.   

As a special benefit, Integra International members will receive 10% off their subscription price. To receive this discount, enter promo code INTEGRAFGC10 when you make your purchase.

New Practice Management Resources at Your Fingertips! We’re aware that our members are always seeking new tools that will enhance their knowledge and position their firms for success. With those goals in mind, we’re partnering with the American Institute of CPAs Firm Global Connection, a new initiative that offers international members exclusive, immediate access to best-in-class practice management resources. Firm Global Connection will allow our members to tap into a wealth of tools and information, and to connect with a new international community of peers.

Created by some of the profession’s leading advisers, Firm Global Connection’s proven, practical tools and defined processes fall into several critical areas:

  • Practice Growth & Client Acquisition Centre.
  • Customer Service & Client Retention Centre.
  • Trusted Client Adviser.
  • Human Capital Centre.
  • Succession Planning Resource Centre.

The resources (and pricing) are tailored to meet the needs of firms of various sizes, from sole practitioners through large firms. They’re also easy to download and put to work immediately in your own firm.

In addition, Firm Global Connection members:

  • Can join a worldwide community of peers through a LinkedIn group.
  • Stay current with timely updates on trends affecting the profession around the world.
  • Enjoy deep discounts on publications, conferences and cutting-edge cloud computing and practice management resources.

With 24/7 access to these indispensable tools, Firm Global Connection members can seize new opportunities for success and set themselves apart in the global marketplace.

Click here for a full brochure. Click here for the Integra Promotion Flier. For more information and to sign up, visit aicpa.pcps.org

Upcoming Conference Dates and Locations:

  • May Conference: May 18-20 2017- Philadelphia, Pennsylvania, USA
  • June Conference: June 22-24 2017- Sofia, Bulgaria
  • Cross Border Tax Workshop: September 16 2017 - Swatar, Malta
  • October World Wide Conference: October 19-21 2017 - Tokyo, Japan
  • May Conference: May 2018 - San Jose, Puerto Rico

Inside Integra is a bi-monthly publication of Integra International intended to keep its worldwide members informed about what’s happening within the association around the globe.

Newsletter Administrator Richard A. Purcell, CPA, CA  •  Vancouver, BC, Canada

Tel: +1-604-817-1500  •  Fax: +1-604-939-1872

  •  Email: purcell@integra-international.net

Integra International is registered in London at 233-237 Old Marylebone Road, London, NW1 5Q, United Kingdom