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Dues-paying members of the Institute of Chartered Accountants of Ontario had themselves a good laugh late last week when they received an e-mail alert from their professional organization admitting that there was, um, an accounting error in the institute's previous financial statements. The error involved an interest rate swap agreement the institute entered into in 2005. Happily, it is corrected in the 2008 audited statements. Apparently, the ICAO decided to "early adopt" a recommended treatment of hedged transactions that did not wind up applying to that particular financing.

TED ROGERS CELEBRATES

BIRTHDAY HIS WAY

Ted Rogers must be very glad to reach 75 years of age, given the two giant birthday parties he threw himself last week. Clearly, while most folks shrink from age, Ted (as he tends to be known), embraces it. With one biography of Ted already out in bookstores and his memoirs due to hit shelves soon, it's an all-Ted channel at the moment.

Last Tuesday, the head and founder of Rogers Communications loaded 7,000 of his Toronto employees onto buses and ferried them down to the Rogers Centre (formerly the SkyDome) for a midday stadium bash, including lunch and a concert by Glass Tiger (Canadian rock group circa mid-1980s). That was preceded by a slightly more intimate affair on Saturday night at the Canadian Film Centre in north Toronto where 350 of Mr. Rogers' family, friends and business associates gathered to party outdoors under a humungous marquee.

Among those choosing between fish and beef for their entrée were West Coast billboard baron Jimmy Pattison, David Graham, an early cable-TV owner, Peter Munk, Ivan Fecan, CEO of CTVglobemedia Inc., Leonard Asper, Galen Weston Jr., Winnipeg's own Peter Nygard, Astral Media CEO Ian Greenberg, Eastlink founder John Bragg (also the East Coast blueberry king), Senator Francis Fox and a large assortment of Rogers board directors including former Ontario premier David Peterson. Oh, and former Rogers honcho John Tory, now Leader of the Conservative Party in Ontario. On tap for entertainment was a trio of crooners: Harry Connick Jr., Harry Belafonte (who sang Happy Birthday) and Paul Anka, who cranked out My Way with Ted-appropriate words inserted in the lyrics. Emcee for the evening was Ted's daughter Melinda.

"It was over-the-top in a delightful way," someone with the inside scoop told Nobody's Business. "He's old enough and rich enough, so why not?" In fact, when our insider left the scene at 11:30, Ted was still partying.

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