The Certified General Accountants Association of Canada (CGA-Canada) today released a new perspective on what the mandate of a common securities regulator could be in relation to public accounting, standard setting and auditor oversight.

The Regulation of Public Accounting and Accounting and Auditing Standard Setting under a Common Securities Regulator in Canada, commissioned by CGA-Canada and authored by Osgoode Hall Law School professor Poonam Puri, analyzes how a structure for standard setting and oversight of the accounting and auditing functions could be designed to better meet the objectives of the public capital markets and how investor confidence in the accounting and auditing functions could be enhanced.

In an effort to make a meaningful contribution to the on-going public debate on securities regulation in Canada, CGA-Canada seeks comments from interested parties and stakeholders.

“We believe there is need for reform in this arena,” says Anthony Ariganello, president and CEO of CGA-Canada, “and that the principles of regulatory efficiency, professional inclusion, transparency, accountability and regional concerns should form the basis of a new model.”

CGA-Canada invites comments on the three proposed models set out in the paper by June 30, 2007.

The discussion paper can be found at www.cga-online.org/canada.