Auditor Attestation of Internal Controls: A Canadian Perspective

Because independent attestation of the effectiveness of internal controls can provide increased insight into a company, the perception of reduced personal liability, and the addition of a productive source of tension, members of the Canadian Audit Committee Network recommended it on a voluntary basis for Canadian companies that are not subject to mandatory attestation. The process “[takes the] very necessary step of reducing risk,” a goal that the audit committee actively pursues.

Read the full paper, published by Tapestry Networks and Ernst & Young.