2  See IMF (2005) "How Flexible Is the Canadian Economy? An International Comparison," in Canada: Selected Issues (Article IV Consultation): 92-100. 3  See T. Bayoumi, B. Sutton, and A. Swiston, "Shocking Aspects of Canadian Labor Markets" (IMF Working Paper No. 83, March 2006).
In March 2002, the International Federation of Accountants (IFAC) announced a comprehensive “project on restoring the credibility of financial statements in the global marketplace”. IFAC said: “The project will address worldwide problems, issues, and best practices in the areas of financial and business reporting, corporate governance, and auditor.