AFM101 Chapter Notes - Chapter 6: Canadian Securities Administrators, Financial Statement, Cash Flow

• School: University of Waterloo
• Department: Accounting & Financial Management
• Course: AFM101
• Professor: Donna Psutka

Document Summary

Canadian publicly traded corporations must comply with provincial securities regulations coordinated by the. Csa a forum for 13 securities regulators of canada"s province and territories established to harmonize regulation of canadian capital markets. Mission: to protect investors from unfair, improper, or fraudulent practices and to foster fair, efficient, and vibrant capital markets. Provincial or territorial regulators handle all complaints regarding securities violations and have authority to enforce provincial regulations concerning timeliness and quality of financial disclosure. Accounting standards board (acsb) responsible for establishing standards of accounting and reporting by canadian companies. External auditors audit work is guided by international standards on auditing adopted by the canadian. Auditing and assurance standards board as canadian auditing standards. Stock exchanges have ongoing surveillance of reporting and trading activity. When suspect non-compliance with standards, stock exchanges have independent investigations and share info with securities commissions; canada revenue agency (collects income tax) and other law enforcement (rcmp)