Regulatory Alerts2022-03-30
Policy Statement to Regulation 52-108 Respecting Auditor Oversight
Securities regulatory authorities issued this consolidated policy statement to clarify the requirements of Regulation 52-108 regarding auditor oversight by the Canadian Public Accountability Board. The document defines participating audit firms and significant component auditors while detailing notice obligations for remedial actions, access agreements, and limitations on accepting new clients. It further specifies the procedures for reporting issuers to permit CPAB access to component auditor records and outlines the consequences when such access is restricted or denied.
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