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. [ILLUSTRATION OMITTED] 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/. |