| | 2002 July | Federal and provincial financial and securities regulators, as well as Canada's chartered accountants, announce the creation of the CPAB, a new independent public oversight system for accountants and accounting firms that audit reporting issuers | 1 | | | 2003 April | CPAB is incorporated as a corporation without share capital under the Canada Corporations Act | 2 | | | 2003 June | The Canadian Securities Administrators (CSA) release draft rule 52-108 that would require auditors of reporting isssuers to be members in good standing with the CPAB | 3 | | | 2003 October | CPAB begins operations | 4 | | | 2004 March | CSA rule 52-108 takes effect; Auditors of reporting issuers must be registered with CPAB | 5 |
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