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Do foreign audit firms that are auditing companies that are reporting issuers in Canada need to register with CPAB if they already subject to independent oversight in their domestic jurisdiction?

April 26, 2017audit Auditing companies cpab firms foreign issuers REGISTER

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Do foreign audit firms that are auditing companies that are reporting issuers in Canada need to register with CPAB if they already subject to independent oversight in their domestic jurisdiction?

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Yes. While foreign firms will be subject to CPAB oversight, CPAB will consider entering into reciprocal arrangements with independent oversight bodies in other jurisdictions.