Committee on EDP Auditing Standards [ Standing Committee on EDP Auditing Standards | EDP Auditing Committee ]

Government EDP Standards Committee

Secretariat to the Government EDP Standards Committee

The accounting oversight committee headed up by Mr. Tom Allen today sets accounting standards in Canada; and Mr. Jim Bailey heads up the auditing standards committee.

Number three is to require shareholder approval of all share arrangement plans; four is to increase the penalties of criminal liability and obstruction of justice and to impose standards and financial resources for better enforcement; five is to include disclosure of indemnification or other protection for corporate whistleblowers; six is to require a majority of unrelated members on an audit committee and restrict or limit individual directors from participating on multiple audit committees; and seven is to establish rules that g ...[+++]overn the relationship between the company and its auditor, impose restrictions on non-audit services, and set tougher standards for financial disclosure.

(Return tabled) Question No. 454 Ms. Hélène Laverdière: With regard to the Extractives Cooperation for Enhanced Economic Development (EXCEED) Program under the Department of Foreign Affairs, Trade and Development (DFATD): (a) which officials from DFATD and other departments, including the Privy Council Office, will be responsible for administering this program; (b) what was the entire process, including consultation, leading to the establishment of the program and what were the related dates; (c) did an external audit and evaluation committee assess the creation of this program; (d) what are (i) the reasons for establishing this progr ...[+++]am, (ii) the objectives, (iii) the mandate, (iv) the operations of this program; (e) how many employees will be assigned to manage and administer this program and what are their responsibilities; (f) are projects required to focus exclusively on African countries; (g) why was Latin America not included in this program; (h) what is the process for submitting project proposals; (i) will there be a tendering process; (j) when will the next request for proposals be issued; (k) how many project proposals has the program received since it was established; (l) what are the selection criteria and what is the complete project selection process; (m) who is eligible for funding under the program; (n) can private-sector companies receive funding under this program; (o) will a webpage be created on the DFATD website; (p) how much does this initiative cost; (q) what type of funding does this program award; (r) can the public or businesses contribute to the program now or in the future; (s) why was an initial budget of $25 million allocated; (t) will the budget be increased or decreased; (u) why was this program not announced in Canada’s Economic Action Plan 2014; (v) what indicators and measurement tools will be used to assess the effectiveness of projects funded by the program; (w) what specific measures have been taken and wha ...

involve ENISA in verifying the minimum security and privacy standards of cloud computing services offered to EU consumers and, in particular, to the public sector;