Details

  • Service: Audit
  • Type: White paper
  • Date: 4/1/2008

Certification of Internal Control: Final Certification Rules 

"The CSA's April 2008 proposal replaces and expands upon the current requirements for CEO and CFO certification. This publication reviews the key changes and the implications for management, the board and the audit committee."
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Canadian public companies (non-venture issuers) must meet the requirements for CEOs and CFOs to certify the design and the effectiveness of their internal control over financial reporting.

 

The CSA's August 2008 final rule replaced and, through guidance in the companion policy, significantly expanded upon the previous requirements for CEO and CFO certification. The requirements for non-venture issuers are closely aligned with those of SEC registrants.

Learn more about the key requirements and the implications for management, the board and audit committee.