- Performed stakeholder outreach
- Presentation to some interest groups (e.g., Institute of Corporate Directors (ICD))
- Comment period closed November 16, 2012
- Continuing to analyze the responses
- Early January the working group will review analysis of the responses
Status Update – Auditor Independence CPAB Symposium held November 30, 2012 - Representation from
- Canadian banking, investors, securities and audit regulators, audit committees, and audit firms
- Steven Maijoor, Chair of the European Securities and Markets Authority
- Stephen Hadrill, CEO of the UK Financial Reporting Council)
- Steven Harris, Board Member of US Public Company Accounting Oversight Board
- Nathalie Berger, Head of Unit Audit and Credit Rating Agencies, DG Internal Market, European Commissions
- At least in Canada there was wide support for mandatory comprehensive review and the positions recommended on non-audit services, audit-only, joint audits
- Audit Committee working group continues to work through operationalizing mandatory comprehensive review
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