NI 52-109: Certification of Disclosure in Issuers' Annual and Interim Filings
Requires CEO/CFO certification of annual and interim filings, including the design and operating effectiveness of disclosure controls and procedures (DC&P) and internal control over financial reporting (ICFR). Venture issuers benefit from scaled certification (Form 52-109FV1/FV2).
Why NI 52-109 matters
The 52-109 certifications are the Canadian analogue to SOX 302/404, and audit committees treat them with the same gravity. ICFR design effectiveness gaps are the most common cause of late certification.
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 52-109?
Requires CEO/CFO certification of annual and interim filings, including the design and operating effectiveness of disclosure controls and procedures (DC&P) and internal control over financial reporting (ICFR). Venture issuers benefit from scaled certification (Form 52-109FV1/FV2).
Why does NI 52-109 matter for an audit?
The 52-109 certifications are the Canadian analogue to SOX 302/404, and audit committees treat them with the same gravity. ICFR design effectiveness gaps are the most common cause of late certification.
Which framework does NI 52-109 belong to?
NI 52-109 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
See how Auditus checks NI 52-109
Auditus.ai runs PCAOB, ISA, and CAS engagements end-to-end and cites the exact standard behind every finding — including NI 52-109.