moved for leave to introduce Bill C-222, an act to amend the Canada Business Corporations Act (annual financial statements).
Mr. Speaker, I will be very brief on this bill. It is again an effort to amend the Canada Business Corporations Act. With specific reference to auditors, information regarding any other professional services offered by the auditor to the corporation must be clearly cited in the annual financial statements of that company so shareholders are made aware that there could be a conflict of interest in the event that a financial institution is selling financial services to the same company that are of an audit and non-audit nature.
(Motions deemed adopted, bill read the first time and printed)