CEOs and CFOs of Canadian public companies, excluding venture issuers, are required to certify on the design and the effectiveness of their company's disclosure controls and procedures (DC&P) and internal control over financial reporting (ICFR).
Do you have an effective certification process that meets the requirements of the Canadian Securities Administrators (CSA)?
Consider your current situation:
Have you updated from the COSO 1992 Framework to the COSO 2013 Framework?
- How could the adoption of new accounting standards affect DC&P and ICFR processes and controls?
- Are you expanding into new global markets or off-shoring certain activities which may impact your risk assessment and testing strategy?
- What changes being made require disclosure in MD&A?
Working together, we can help to address all of these issues so you can meet your ongoing internal control requirements and understand the implications for your management team, board, and audit committee.