Thank you for your question, Mr. Bouchard.
As I mentioned in my opening remarks, in the aftermath of the corporate failures, there was a complete review of the standards that apply to professional accountants. This did not take place in isolation. I can't tell you where the process began, but it is the one in which all accounting bodies, be they Canadian, American or European—they have many international affiliations—developed their independence standards.
You asked me how we arrived at this standard. It was an exhaustive consultation process and it was an internal process to develop a standard. There were also external pressures at the time. We worked together with our international body and the Canadian accounting bodies to develop and implement our standard. Today each provincial accounting body is responsible for applying this standard and making sure it is observed by our members.