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Canadian Audit Committee Update
Issue 2007-02

In Current Issues Dominating the Audit Committee Agenda, we describe how audit committee members can begin to discern the potential impact that the changeover to IFRS will have on current financial reporting. This article discusses the opportunity to re-evaluate accounting policy choices and includes some of the general similarities and differences between Canadian GAAP and IFRS.

In Financial Reporting Updates we outline significant regulatory, accounting, and auditing rules, standards, and projects issued since our 2007-01 edition of Canadian Audit Committee Update.
In Audit Committee Evolving Issues we investigate the audit committee’s role in information technology governance. IT governance can be thought of as how a company achieves its business objectives through the use of technology. In another way, this can be expressed as “How can we ensure we get the right information to be used in the right way, at the right time?”

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