BCN 2004/38 - CSA Staff Notice 52-308 Status of Proposed Instrument regarding Reporting on Internal Controls over Financial Reporting [BCN - Lapsed]
- 52-308 - Status of Proposed Instrument regarding Reporting on Internal Control over Financial Reporting [CSA Staff Notice - Lapsed]
The attached Canadian Securities Administrators (CSA) staff notice provides an update on the status of a proposed rule that some CSA members are considering. The proposed rule would impose reporting requirements for a reporting issuer’s internal controls over financial reporting.
We are publishing this staff notice to bring the proposed rule and its expected timing to your attention because, if it is adopted in other CSA jurisdictions, it would affect British Columbia issuers that are reporting issuers in those jurisdictions, whether or not the Commission decides to adopt it. The notice says that the earliest the proposed rule would apply is for financial years ending before June 30, 2006.
The Commission will continue to participate in discussions about the proposed rule and will seek public comment on whatever course of action we decide to propose.
Please refer your questions to:
Chief Accountant, Corporate Finance
October 15, 2004
Ref: CSA Staff Notice 52-308 Status of Proposed Instrument regarding Reporting on Internal Controls over Financial Reporting
This Notice may refer to other documents. These documents can be found at the B.C. Securities Commission public website at www.bcsc.bc.ca in the Commission Documents database or the Historical Documents database.