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False Positives Adventures in Technology, SciFi and Culture from Toronto

Friday, September 24, 2004

SOX Compliance plain and simple for Canadain Firms

ITBusiness.ca wirtes about how SOX effects Canadian Firms list on U.S exchanges....

While U.S. companies must comply with Sarbanes-Oxley requirements this year, non-U.S. companies with stocks listed there have until 2005 and the newer Canadian Securities Commission regulations will not require publicly-traded companies to document their internal controls until either 2005 or 2006, said Doug Wilkinson, enterprise risk services partner at Deloitte Consulting in Toronto. Details of the Canadian rules will likely be clarified this fall, he said.....


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