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This reporting alert provides an update of recently issued guidance by Canadian securities regulators on the disclosure of cyber security risks and incidents.
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Investors are increasingly interested in understanding an organization’s exposure to cyber security risk and the related policies, processes and controls in place to address this risk.
On January 19, 2017, the Canadian Securities Administrators (CSA) published CSA Multilateral Staff Notice 51-347 Disclosure of cyber security risks and incidents (CSA Staff Notice 51-347 or Staff Notice) which outlined expectations for disclosures by reporting issuers relating to cyber security risks and cyber incidents.
This alert also provides considerations for management and boards of reporting issuers when assessing their cyber risk disclosure practices.
Canada’s accounting and auditing standards boards have a lot going on. Make sure you stay up to date on changes and get involved in standards development through the boards’ webinars and events.
February 10, 2020
Financial sustainability and digital disruption are influencing the future of NFPs. Be equipped to lead through complex change by attending Canada’s premiere event for not-for-profit leaders.
May 25, 2020
Explore new technologies that are revolutionizing accounting and finance. Find out how you can take advantage of best-fit digital solutions and emerging business trends to work smarter, ignite growth and keep innovating.