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Proposed Canadian Rule on Internal Control Reporting.

In early February, members of the Canadian Securities Administrators (CSA), other than British Columbia, published Multilateral Instrument 52-111 Reporting on Internal Control over Financial Reporting. The instrument is out for a 120-day comment period. The CSA has also released proposed revisions to Multilateral Instrument 52-109 Certification of Disclosure in Issuers' Annual and Interim Filings. The objective of these instruments is to improve the quality and reliability of financial and other continuous disclosure reporting.

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KPMG has published a summary of key provisions of the instruments--a useful guide to the proposed changes for CEOs and CFOs, who will be affected by them.

For more information visit www.kpmg.ca/en/.
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Publication:CMA Management
Article Type:Brief Article
Geographic Code:1CANA
Date:Apr 1, 2005
Words:110
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