CPAB has placed requirements or restrictions on a number of firms since it began carrying out inspections in 2004. These requirements may be lifted when the firm has implemented the recommendations imposed by CPAB
All of the requirements placed on firms in 2005 and 2006 have now been lifted except in one case where the firm's status was terminated.
| 2007 |
6 |
Firms were required not to take on any new reporting issuer clients |
|
|
2 |
Firms were required to have an external firm review their files before issuing audit reports |
|
2006 |
1 |
Firm was required not to take on any new reporting issuer clients |
|
|
2 |
Firms were required to have an external firm review their files before issuing audit reports |
|
2005 |
5 |
Firms were required not to take on any new reporting issuer clients |
|
|
5 |
Firms were required to have an external firm review their files before issuing audit reports |
|
|
1 |
Firm member was required to take additional training |
Required Publication of Decisions
2006
2005
| Nov 15 |
Termination of Participant Status Pursuant to Section 807 |
|
By order of the Board, the firm 'Don Chapman' has lost its status as a participating audit firm in CPAB’s oversight program for failure to pay its annual participation fee. As a consequence, the firm is no longer eligible to audit the financial statements of entities that are reporting issuers under provincial securities legislation. |