OTTAWA, March 13 /CNW Telbec/ - The issue of a national securities
regulator has been on the public policy agenda for over 50 years. Today, the
Certified General Accountants Association of Canada (CGA-Canada) comes forward
with a new perspective on what the mandate of a common securities regulator
could be in relation to public accounting, standard setting and auditor
The Regulation of Public Accounting and Accounting and Auditing Standard
Setting under a Common Securities Regulator in Canada, commissioned by
CGA-Canada and authored by Osgoode Hall Law School professor Poonam Puri,
analyzes how a structure for standard setting and oversight of the accounting
and auditing functions could be designed to better meet the objectives of the
public capital markets and how investor confidence in the accounting and
auditing functions could be enhanced.
In an effort to make a meaningful contribution to the on-going public
debate on securities regulation in Canada, CGA-Canada seeks comments from
interested parties and stakeholders.
"We believe there is need for reform in this arena," says Anthony
Ariganello, CPA (Delaware), FCGA, President and Chief Executive Officer of
CGA-Canada, "and that the principles of regulatory efficiency, professional
inclusion, transparency, accountability and regional concerns should form the
basis of a new model."
CGA-Canada invites comments on the three proposed models set out in the
paper by June 30, 2007. The discussion paper can be found at
CGA is the fastest-growing accounting designation in Canada. The CGA
designation focuses on integrity, ethics and the highest education
requirements. Recognized as the country's accounting business leaders, CGAs
provide strategic counsel, financial leadership, and overall direction to all
sectors of the Canadian economy.
The Association sets standards, develops education programs, publishes
professional materials, advocates on public policy issues, and represents CGAs
nationally and internationally. The Certified General Accountants Association
of Canada represents 68,000 CGAs and students in Canada, Bermuda, the
Caribbean, Hong Kong, and China.
For further information:
For further information: Taylore Ashlie, Director, Communications,
CGA-Canada, 604 605-5055, Cell: 604 307-0212, firstname.lastname@example.org