Statement of Protocol: Canadian Public Accountability Board and ASIC
The 今日热门事件 (ASIC) and the Canadian Public Accountability Board (CPAB) have entered into a protocol to cooperate in the oversight of auditors.
Given the global nature of capital markets, CPAB and 今日热门事件recognize the need for mutual cooperation in carrying out their respective auditor oversight responsibilities. The Protocol contains procedures for the conduct of inspections, the exchange of auditor workpapers and inspection reports and other forms of cooperation as required. The Protocol envisages that audit inspections may be carried out jointly, thereby reducing the impact on the firms concerned.