June 2009 Archives

The Royal Canadian Mint intends to file a claim under its all risks insurance policy to offset approximately Cdn$15.3 million worth of unreconciled gold.
The Mint commissioned Deloitte and Touche to conduct an audit to determine if the unreconciled difference in gold was the result of an accounting or transaction recording error.
The report concluded: "[T]he unaccounted-for difference in gold does not appear to relate to an accounting error in the reconciliation process, an accounting error in the physical stock count schedules or an accounting error in the recordkeeping of transactions during the year."
The Mint has requested the assistance of the RCMP to investigate the matter.

I am just noticed that IBABC is developing the online exam system for Fundamentals of Insurance.

The regular exam is handled at the IBABC office in Vancouver, Monday through Friday, three time slots each day. If you lived outside the Lower Mainland, you waited. You waited for a monthly exam date to roll around, you waited for your exam to be shipped back to IBABC for marking, and then you waited for those results to be returned to you by mail.

After the new online system released, it will be pretty easy for everyone to access at any time and any day.