CPAB is considering changing its current fee model to one based on audit fees publicly reported on SEDAR. As Canada’s audit regulator, CPAB derives our operating budget form Canadian reporting issuers. Each year, we invoice the participating audit firm which, in turn, bills their reporting issuer clients. In reviewing the model we questioned whether it is equitable across all reporting issuers. We concluded that it is not in today’s complex global audit environment.CPAB is committed to being a cost-effective regulator and we believe the new model provides a cost-effective, secure basis to appropriately and sustainably fund our operations, fulfill our mandate and promote confidence in corporate reporting in Canada. It is fair, simple, transparent and revenue-neutral. We are currently conducting a public consultation period for stakeholder input. We are open to constructive suggestions and welcome comments until July 28 – comments will be posted on our website. Please click here to access a brief outlining the change, supporting rationale and contact information should you wish to comment by July 28, 2017.