In today’s interview, Professor Steve Fortin offers his take on the reason that America is in a weak financial position, and how did global financial crisis start? What fair value accounting means? What are the move and pressure now to change the use of fair value accounting? And how it’s interpretive so far? For people who work inside financial industry, particular bankers, what are their compensation structures? How does compensation structure affect the operation of bank? Is commercial banking still an appealing area to work for young people? Find out the answers in this iTV-Asia interview.

Professor Steve Fortin joined the McGill Faculty of Management in 1999. Since then, he has taught Financial Accounting in the Bcom program at McGill, and the MBA program in Japan. He is one of the module directors in the McGill/HEC Executive MBA program. He has also taught several seminars to executives for the McGill International Executive Institute in several sectors of the economy. For many years, professor Fortin was involved as a trainer with the Montreal Exchange, providing training on Accounting for Derivatives.

Professor Fortin’s research interests are auditing quality and financial accounting. His research has appeared in many renown journals, including The Journal of Accounting and Economics and Contemporary Accounting Research, amongst others. His research has been presented in conferences worldwide.

Prior to joining McGill, Professor Fortin worked as an Auditor for Samson Bélair/Deloitte & Touche, following his undergraduate studies at the Université du Québec à Rimouski. He then completed a PhD in Accounting at the University of Waterloo.

Professor Fortin received many awards and scholarships during his career. He was awarded the gold medal in Québec (6th in Canada) for his achievement at the Uniform Final Examination of the Institute of Chartered Accountants of Canada in 1992, and the Governor General's Academic Medal (Silver) for his academic achievement during his undergraduate degree at Université du Québec à Rimouski. He is an award wining teacher, having received teaching awards from both McGill University, and the McGill Undergraduate Society.