NI 52-110: Audit Committees
Sets composition, independence, financial literacy, and responsibility requirements for audit committees of reporting issuers.
Why NI 52-110 matters
Audit committees pre-approve audit and non-audit services. A non-approved service is an independence problem under Rule 204.
Framework: Canadian Securities Administrators: National Instruments
National Instruments (NI) are securities rules issued by the Canadian Securities Administrators (CSA). For reporting issuers, NIs dictate which accounting and auditing standards apply, what must be filed and when, and who must certify the filings.
Primary source: Canadian Securities Administrators
Frequently asked
What is NI 52-110?
Sets composition, independence, financial literacy, and responsibility requirements for audit committees of reporting issuers.
Why does NI 52-110 matter for an audit?
Audit committees pre-approve audit and non-audit services. A non-approved service is an independence problem under Rule 204.
Which framework does NI 52-110 belong to?
NI 52-110 falls under Canadian Securities Administrators: National Instruments. National Instruments (NI) are securities rules issued by the Canadian Securities Administrators (CSA). For reporting issuers, NIs dictate which accounting and auditing standards apply, what must be filed and when, and who must certify the filings.
Related standards — Canadian Securities Administrators: National Instruments
- NI 52-107 — Acceptable Accounting Principles and Auditing Standards
- NI 52-109 — Certification of Disclosure in Issuers' Annual and Interim Filings
- NI 51-102 — Continuous Disclosure Obligations
- NI 41-101 — General Prospectus Requirements
- MI 61-101 — Protection of Minority Security Holders in Special Transactions
See how Auditus checks NI 52-110
Auditus.ai runs PCAOB, ISA, and CAS engagements end-to-end and cites the exact standard behind every finding — including NI 52-110.