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Canadian Audit Committee Update
Issue 2008-01
In Current Issues Dominating the Audit Committee Agenda, we provide a series of questions about an enterprise's move to IFRS. These questions are intended to help an audit committee to begin to understand what areas may require its attention.
In Financial Reporting Updates we outline significant regulatory, accounting, and auditing rules, standards, and projects issued since our 2007-02 edition of Canadian Audit Committee Update.
Audit Committee Evolving Issues focuses on an issue whose profile has increased dramatically over the past months. The softening of market conditions—including the recent "credit crunch" and "illiquid markets"—coincides with fair value accounting that requires companies to report investments at market value. This situation poses potentially significant challenges for audit committee oversight, especially when the investments are financial instruments.
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Read the Audit Committee Institute publication Canadian Audit Committee Update Issue 2008-01
File Name: 3885_ACUpdate2008_01_WEB.pdf File Size: 436kb |
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