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CPAB Exchange: Audit Committee Oversight of Foreign Operations

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Nov 21, 2014

On November 21, 2014, the Canadian Public Accountability Board (CPAB) issued a bulletin which notes that external auditor oversight can be a challenge for audit committees of reporting issuers with operations in foreign jurisdictions.

Operational, financial and reputational risks stemming from foreign jurisdictions can impact the quality of the external audit and expose directors to greater liability.

CPAB’s intention in issuing the bulletin is to help the audit committee acquire information critical in assessing risk.

Review the bulletin on the CPAB's Web site.

Correction list for hyphenation

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