FOR THE PROFESSION

CPAB Update

On October 15, 2003, David Scott, FCA, the CEO of the Canadian Public Accountability ioard (CPAB), met with representatives of the national firms and 45 members from small and medium-sized firms who are engaged in auditing public companies to provide information about CPAB's mandate and proposed registration process.

Here's a summary of the information he provided:

Registration

To register with CPAB, audit firms have to file an "Intent to Participate" by December 31, 2003, and an "Initial Registration" and executed "Participation Agreement" by February 29, 2004. Firms also have to provide CPAB with information about the size and scope of their …