View all newsletters
Receive our newsletter - data, insights and analysis delivered to you
  1. Uncategorized
June 2, 2017

Canadian regulator considers changes in its funding model

By aziz rahman

The Canadian Public Accountability Board (CPAB) has launched a public consultation on proposed changes to its current funding model.

Under the current model, CPAB invoices audit firms on a yearly basis, who in turn, bill their reporting issuer clients.

CPAB proposes to change the base on which the CPAB fee is determined from the “‘audit fees retained by the primary auditor’ as advised by the participating audit firm to ‘total audit fees billed to the RI’ as reported on SEDAR [System for Electronic Document Analysis and Retrieval]”.

The public consultation is open for comment until 28 July 2017, and the outline of the proposed changes is accessible here

NEWSLETTER Sign up Tick the boxes of the newsletters you would like to receive. A roundup of the latest news and analysis, sent every Wednesday.
I consent to GlobalData UK Limited collecting my details provided via this form in accordance with the Privacy Policy


Thank you for subscribing to International Accounting Bulletin