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Risk Oversight and Governance The Risk Oversight and Governance Board (ROGB) offers concise, informative guidance materials to help boards of directors and audit committees fulfill their oversight responsibilities. Publications which may be of particular interest to audit committee members include: 20 Questions Series Director Alerts Canadian Performance Reporting Board The Canadian Performance Reporting Board is responsible for developing and maintaining CICA's best-practice guidance about Management's Discussion and Analysis (MD&A) and other performance reporting other than financial statement reporting. Guidance on MD&A, communications about IFRS conversion, liquidity reporting and other topics is available here. Research Studies Department The Research Studies Department carries out technical research on matters of importance to CAs, the accounting profession, the business community and the government/public sector in order to provide guidance and stimulate discussion and debate. Publications on financial reporting under IFRS, corporate reporting to stakeholders and other topics are available here. Other CICA Publications Accounting Standards The Accounting Standards Board (AcSB) is an independent body with the authority to develop and establish standards and guidance governing financial accounting and reporting in Canada. The AcSB has adopted a strategy to adopt International Financial Reporting Standards for publicly accountable enterprises effective for fiscal years beginning on or after January 1, 2011. Further information is available here. Auditing and Assurance Standards The Auditing and Assurance Standards Board (AASB) has the authority to set generally accepted auditing standards (GAAS) for financial statement audits. The AASB is adopting the International Standards on Auditing (ISAs) issued by the International Auditing and Assurance Standards Board as Canadian Auditing Standards. The AASB will maintain its standard setting capability and will continue its vital role of influencing the future direction of financial statement auditing standards to ensure that the Canadian point of view is effectively presented. Further information is available here. Canadian Standards in Transition: IFRS and ISA There are dramatic changes underway for Canadian Financial Reporting Standards and Canadian Audit and Assurance Standards. This site is your gateway to the CA Profession's information and learning resources on the transition to International Standards. Resources are available for publicly accountable entities, private enterprises and not-for-profit organizations. Continuing Education The Continuing Education Department at the CICA provides a broad range of programs and services, designed to sustain and enhance the skills of members and other business and financial professionals, produced and delivered in a cost-effective and business-like manner. CICA Continuing Education programs are designed to meet the continuing education requirements for Provincial Institutes/Ordres and other professional associations. Information on the CICA’s annual Audit Committee conference and other courses on financial reporting and governance is available here. CA Magazine CAmagazine is the leading accounting publication and preferred information source for Canadian chartered accountants and financial executives. Recent articles relevant to audit committees include: |
