Bill 198 MI 52-109 C-SOX Compliance Canada
Canadian Securities Disclosure Controls and Procedures
The Canadian version of SOX Compliance is known as Bill 198 MI 52-109 Multilateral Instrument 52-109. Both large and mid-sized public companies are required to comply with financial controls reporting regulations, including the Sarbanes Oxley Act in the United States and MI 52-109 in Canada. Compliance requirements under MI 52-109 are relevant to the evaluation of the design and operating effectiveness of disclosure controls and procedures and evaluation of the design of internal control of financial reporting. Bill 198 in Canada provides shareholders with the ability to take issue with how public companies, their directors and officers provide disclosures that may contain inaccurate, incomplete or misleading information.
Sarbanes Oxley Related: Audit Committees, Bill 198, CSOX, Disclosure Controls and Procedures, Free Sox Compliance Guide, MI 52-109, Multilateral Instrument 52-109, SOX Compliance