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Certifying Internal Control over Financial Reporting
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.
To download: Right-click the link and select "Save Target As..." (PC) or control-click and select "Download Link to Disk" (Mac). Adobe Reader is required to read PDF documents.
In September 2006, the CSA clarified the disclosure requirements for internal control — weaknesses in design are to be disclosed in MD&A. These requirements affect management, the audit committee and external auditors.
Learn more about the implications for your company and how to manage them.
To download: Right-click the link and select "Save Target As..." (PC) or control-click and select "Download Link to Disk" (Mac). Adobe Reader is required to read PDF documents.
The required design certifications represent significant undertakings for many companies and their executives. This publication highlights some ideas to think about in certifying the design of internal control.
To download: Right-click the link and select "Save Target As..." (PC) or control-click and select "Download Link to Disk" (Mac). Adobe Reader is required to read PDF documents.
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