TAX REPORTING & INTERNAL CONTROLS

Meeting new expectations
Alan R. Kester

Tax reporting in a changing environment
Andrew Forbes

Beyond SOX 404: A task risk management framework
John Stacey

Identifying tax exposures and risks
Christopher R.J. Van Loan

SOX 404 and beyond: Comprehensive tax risk management
Carl A. Oxholm

Panel discussion: Future vision
Brad Rowse
Mark Woodruff
Carl A. Oxholm

Mark Woodruff is an Associate Partner with KPMG LLP's International Corporate Tax Services practice, located in Toronto. His responsibilities include the co-ordination and delivery of tax services for KPMG's Sarbanes-Oxley Advisory Services practice in Canada. Mark has worked on several SOX-advisory engagements including some of Canada's largest corporations. He has over 25 years of tax experience in both public practice and in industry where he held the position as Director, Taxation for a multinational Canadian public company. Mark is a member of the Institute of Chartered Accountants of Ontario, the Canadian Tax Foundation and the International Fiscal Association.

Andrew Forbes is a tax partner with KPMG LLP and practices in the Industrial and Automotive Industry in KPMG's North York office. He serves clients primarily in the manufacturing, retail and consumer products sectors. Andrew provides tax consulting advice to large multinational companies but also to regional companies as well. He is responsible for providing timely, relevant and practical advice to his clients and assisting them in dealings with the tax authorities.

Alan R. Kester is General Tax Counsel and Vice-President, Tax Advisory, at the Canadian Imperial Bank of Commerce. Mr. Kester received his Honours Business Administration from Wilfred Laurier University, his Bachelor of Laws Degree from Windsor, is a Certified General Accountant and has completed the CICA Indepth Tax Course. Mr. Kester has practiced as both a lawyer and an accountant (Touche Ross, Mintz & Partners), has worked for the Bank of Montreal (Strategic & Tax Planning) and Ontario Finance (senior tax solicitor), prior to his current position with CIBC. He provides tax advice to CIBC in relation to its customers on domestic, financial and international tax transactions and issues, advises on the Bank's transfer pricing and allocation requirements and all its tax appeals and tax litigation. He is a member of the Canadian Tax Foundation, Tax Executives Institute (member of the Canadian Tax Committee) and International Fiscal Association. In addition to being a tax lawyer, Mr. Kester also started Phebes Restaurant in the Yonge-Eglinton area, which he ran for two years until he sold it to his sister. He helped start Siallon Inc., an environmental company that operated in Southern Ontario and Southern California cleaning up oil contamination. He also started Apple Financial Services, which continues to provide financial analysis assistance to most of the major private schools in Canada. He is a frequent speaker and lecturer for Infonex (Bank Tax Summit 2001 & 2003, Financial Transactions, Transfer Pricing, U.S./Canada Taxation); Acumen (Taxation of Derivatives); CGA (Business Law, Estate Planning, Ontario Tax Laws); CGA National Conferences; Law Society of Upper Canada (Business Law, Estate Planning, Current Tax Cases of Interest), CCRA (Derivatives and Hedging, Financing Foreign Affiliates) and Finance Ontario (Tax Cases of Interest; Tax Legislation Changes).

Carl Oxholm is a partner in the Tax Practice at Pricewaterhouse Coopers LLP. Since joining the tax department in September of 1995, Carl has focused mainly on income tax issues for Canadian subsidiaries of multinational corporations that require assistance with inbound/outbound tax planning. Carl is focused on clients in the Consumer and Industrial Products & Services (CIPS) industries, including forestry, transportation and retail. Carl has led the Canadian firm's training in relation to the Sarbanes-Oxley legislation and its impact on the internal controls over tax functions in major public companies. Carl is an active coach and lead resource for consultation as it pertains to section 404 of the Sarbanes-Oxley legislation. In addition, he has played a significant role addressing the other tax risks currently faced by his many clients (e.g. Compliance Risk and Operational Risk).

Brad Rowse is Senior Vice-President, Taxation, at Scotiabank. Brad obtained his BComm from UBC, followed by his CA designation and the CICA In-depth Tax Course. During 13 years with Price Waterhouse, 11 of which were specialized in tax with increasing responsibility, Brad practiced in Richmond, Vancouver, Ottawa, Toronto and Mississauga offices. During this time, he wrote or cowrote articles for the Canadian Tax Foundation and Pension & Tax Reports, made presentations to the B.C. Tax Foundation and the B.C. Continuing Legal Education seminar on Estate Planning and participated in developing and lecturing at the inaugural income tax course at Simon Fraser University. Brad joined Scotiabank in 1997 as the Vice-President, Taxation Audit within the internal audit function and, after four years of learning the business and expanding responsibility, transferred to the Taxation Department with responsibility for taxation of capital markets initiatives and products. In June 2002 Brad was promoted to his current position where he has overall responsibility for the group's taxation on a global basis.

Chris Van Loan practises in the Blake, Cassels & Graydon LLP Toronto Office Tax Group where he provides tax advice on a variety of transactions including financings, corporate reorganizations, acquisitions and divestitures. He also advises clients on matters concerning various global trading and capital market transactions. Prior to joining Blakes, Chris held the position of Executive Director, Corporate Finance, Financial Products at CIBC World Markets. While in that role, he structured various client transactions involving derivative products including monetizations, share repurchase and hedging transactions. He was also involved in the development of new product initiatives involving derivatives. Chris was also Senior In-house Counsel in the CIBC Taxation Division where he provided tax advice concerning derivative products, corporate and structured finance transactions, global trading activities, crossborder financing, corporate reorganizations, divestitures and acquisitions. Chris has completed the Canadian Institute of Chartered Accountants In-Depth Tax Course.

Chris Wormsbecher is a Firm Director in the Corporate Tax Services group in the Toronto North office of Deloitte & Touche. He has sixteen years of corporate tax experience in public practice and industry. He specializes in Canadian corporate taxation and has extensive experience in cross border taxation and corporate mergers and acquisitions. He practices mainly in the Technology and Consumer Business sectors. Chris has advised a number of private and publically-traded Canadian and multi-national companies on a variety of tax matters. His industry experience includes time spent with a large Canadian multi-national organization. He currently advises Canadian companies on the application of the recently enacted corporate governance legislation to areas of taxation.