Regulatory Information
Although regulatory requirements are similar in Canada and the United States, the rules must be followed closely and therefore you should know exactly what is required of a public company in one country, versus the other. Please choose one of the following:
Canadian Regulatory Requirements
With the global marketplace expanding at an escalating pace, Canadian companies have unprecedented opportunities to plan for future growth. At the same time, leaders of Canadian public companies face increasingly complex regulatory requirements. To meet these challenges, we have compiled this overview to bring you up-to-date on:
CPAB Registration
National Instrument 52-108 on Auditor Oversight requires that Public Accounting Firms that prepare auditor's reports of reporting issues must be a participating audit firm with the Canadian Public Accountability Board (CPAB). BDO Dunwoody is a participating audit firm.
For further information on changes in continuous disclosure rules, as well as more information on investor confidence, please read the Ontario Securities Commission (OSC) brochure, "Canada's Continuous Disclosure Rules are Changing" (Adobe PDF format) from the OSC's website, section 51-102: Continuous Disclosure Obligations.
United States Regulatory Requirements
In 2003, the Securities and Exchange Commission completed what was probably the busiest period of rulemaking in its history. The Sarbanes-Oxley Act of 2002 (the Act) required the SEC to adopt rules to implement a number of its provisions. Related articles SEC Year in Review (Adobe PDF) and SEC Insights (Adobe PDF format) highlight the year's key rule changes.
Additionally, The Implementation Reference Guide (Adobe PDF format) summarizes the Sarbanes-Oxley Act and associated proposed and final SEC rules. It also provides observations regarding interpreting and implementing those rules. And the SEC Rules Implementation Plan chart breaks it down further to help you ensure your company is aware of compliance deadlines.
Lastly, Assessing the Quality of Financial Reporting in 2003 (Adobe PDF format) focuses on US regulators' attempts to turn the tide of accounting mischief and provide the markets with the foundation for increased trust and transparency in financial reporting.
