Timely Disclosure

Timely Disclosure

Updates and Commentary on Current issues in M&A, Corporate Finance and Capital Markets

Tag Archives: auditor oversight

A Review of CSA Consultation Paper 52-403: Auditor Oversight Issues in Foreign Jurisdictions

Posted in Investment Funds, Securities Regulatory Authorities
On April 25, 2017, the Canadian Securities Administrators (CSA) published a consultation paper to obtain stakeholders’ views on introducing enhanced oversight requirements for foreign audit firms. Specifically, the paper discusses a proposal by the Canadian Public Accountability Board (CPAB) to amend National Instrument 52-108 Auditor Oversight (NI 52-108) to require foreign audit firms to register… Continue Reading

Canadian Securities Administrators adopt amendments to National Instrument 52-108 Auditor Oversight

Posted in Continuous & Timely Disclosure, Securities, Securities Regulatory Authorities
In October 2013, the Canadian Securities Administrators proposed amendments to the auditor oversight rules with the aim of strengthening public confidence in the integrity of financial reporting by reporting issuers. The final version was announced in a recent notice and substantially mirrors the October 2013 version.  Subject to ministerial approvals, National Instrument 52-108 Auditor Oversight… Continue Reading