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Opinion

The way to fix our white collar crime problem

By Al and Mark Rosen      

Lawmakers need to act to reverse Canada’s declining international stature and eliminate its reputation as a safe-haven for white collar crime.

The Supreme Court of Canada last year reaffirmed its long-held stance that audited annual financial statements cannot be relied upon by investors for making investment decisions. The legal interpretation of the protection afforded by an audit has become so obscure and remote that it screams for a legislative fix. The Hill Times file photograph
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TORONTO—Our financial investigation and forensic accounting business provides us with daily exposure to Canadian-based white collar crime. We have the frequent unpleasant task of informing victims that their savings are gone forever. Faced with such news, they are stunned to learn the extent to which Canada allows financial con artists to operate so freely. The biggest injustice in these cases is not the lack of restitution for victims, but the fact that the losses could have easily been

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