Regulatory Alerts2022-01-13
CSA Notice of Publication: Regulation to amend Regulation 52-108 respecting Auditor Oversight
The Canadian Securities Administrators are publishing amendments to Regulation 52-108 to enhance the Canadian Public Accountability Board's access to audit working papers performed by significant component auditors in foreign jurisdictions. The new rules require reporting issuers to notify these auditors that they permit CPAB access to their records and to enter into access agreements if requested. If a component auditor fails to provide access or enter into an agreement, the participating audit firm must cease using that firm after a prescribed transition period.
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