Under Canadian Securities Administrators National Instrument 52-108, public accounting firms that audit Canadian reporting issuers (RIs) must participate in CPAB's oversight program.
- Submit an Intent to Participate form and Quality Control Report online and remit the required Intent to Participate fee. See CPAB Rule 802 for details.
- Submit a copy of your executed CPAB Participation Agreement, along with certification that you have obtained the required consent and release forms from all necessary parties and staff. Please note that as a result of the ongoing pandemic and the related business interruptions, we are requesting that all documentation be submitted electronically to our registration inbox. Please retain all original executed documents in your records. We may at a later time request the originals from you.
- Submit the Annual Participation fee to CPAB. This fee is assessed annually as a percentage of audit fees charged by auditors to reporting issuer clients using information reported to CPAB by the firms in an annual filing. See fee notice for details.
For more information on how to register with CPAB, please email us at firstname.lastname@example.org.
If your firm is a single national partnership that carries out its auditing practice using different names in different markets, you will register as a single firm.
If your firm is a national or international association of firms with more than one partnership in Canada that audits the financial statements of Canadian reporting issuers, you should register each partnership auditing reporting issuers separately with CPAB.
Firms using more than one legal name should register each name under which they are licensed to sign audit reports for Canadian reporting issuer clients.
The information submitted as part of the registration process will be reviewed. If any information is inaccurate or incomplete, we will delay registration until the firm rectifies the deficiencies.
If we decline registration, we provide the applicant firm with written reason(s), as well as an opportunity to participate in a hearing to present its case.
- Because a merger is a material change per Rule 216 (a), the Participating Audit Firms should notify CPAB within 15 days of the merger.
- For our registration purposes, the continuing firm is considered to be the Participating Audit Firm. The firms not continuing are considered to be predecessor firms.
- If the firm name changes, a new Participation Agreement should be submitted. PCAOB registrants should also submit a completed Consent and Agreement – Section 7 form.
- The continuing firm should update the firm information on CPAB’s website.
- If the continuing firm is already a Participating Audit Firm and the firm name is unchanged, the procedures outlined below only apply to predecessor firms.
- Reporting issuer clients and individuals authorized to sign audit reports that were previously associated with predecessor firms should be added to the continuing firm's information on CPAB’s website.
- Predecessor firms should complete an online Notice of Withdrawal form and submit the written notification in accordance with Rule 250.
- Former partners/officers or designated professionals of predecessor firms who are involved in the audit of a Canadian reporting issuer should sign the Rule 213 – Consent & Agreement form and the Rule 214 – Agreement & Release form on behalf of the continuing firm.
- The continuing firm should submit a letter certifying compliance with Rules 213 & 214.
- Update the firm's information on CPAB's website to reflect the new firm name and the former name in brackets.
- Submit two new Participation Agreements under the new firm name.
- Submit a new certificate of compliance with Rules 213 and 214 under new firm name.
- PCAOB registrants should submit a Consent and Agreement – Section 7 form.
*The information in the firm profiles is prepared and maintained by, and is the sole responsibility of, the Participating Audit Firm to which it relates. Any questions pertaining to this information should be addressed to the Participating Audit Firm. CPAB makes no representations as to the accuracy or completeness of this information, and accepts no responsibility for any loss or damages suffered as a result of decisions made or actions taken based on the information therein.