moved for leave to introduce Bill C-254, an act to amend the Canada Business Corporations Act
Mr. Speaker, the bill seeks to amend in a minor way the Canada Business Corporations Act. It would require auditors in their annual financial statements to a company to divulge if they are selling any other non-audit services to the same company. It would add a requirement to the auditing firm to divulge to shareholders if they are also selling other financial services and therefore possibly be in a conflict of interest.
It is a consumer issue, and that shareholders have a right to know if this practice is in fact taking place in the companies where they invest.
(Motions deemed adopted, bill read the first time and printed)