Legislation related to Bill 198 requires CEOs and CFOs of Canadian publicly traded companies to personally certify they have evaluated the effectiveness of their internal controls over financial reporting as early as financial years ending on or after Dec. 31, 2007. Understanding these complex regulations - and identifying the steps required to ensure compliance - can be a major challenge.

At Meyers Norris Penny, our experienced risk management advisors specialize in helping you manage the evaluation process to support management’s conclusions. Key areas we can assist you include:

• Planning and managing your compliance process
• Delivering in-house staff training
• Conducting risk and controls assessments
• Identifying and evaluating key controls
• Managing deficiency analysis and remediation efforts
• Identifying opportunities to enhance and streamline your operational processes
• Testing and remediating key controls

To view helpful resources on Bill 198, visit our MNP Library. For more information, call your local MNP tax advisor or contact Gordon Chan, CA, CFE, Director of Business Risk Services at 1.877.500.0792.

New: MNP Update on Internal Control of Financial Reporting.

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