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Stock impact report

The Canadian Food Inspection agency's reliance on third-party audits is a risk to food safety, experts say [Globe and Mail, The (Toronto, Canada)]

DANONE S/ADR (DANOY) 
The Canadian Food Inspection Agency is relying too heavily on third-party audits paid for by companies in a system where the regulator does not inspect all production facilities itself, experts say. The audits are one part of an algorithm-based system used by the CFIA to assess risk levels at Canada's 8,000 federally licensed food-processing plants. The algorithm helps determine which plants are prioritized for inspection and which ones get less attention, or no inspections at all. The third-party audits – an aspect of the food-production industry that has come under criticism in the United States for its lack of independence – are used by companies to show they have control plans in place to prevent outbreaks of dangerous pathogens in their facilities. Many large retailers require that suppliers undergo third-party audits and receive third-party food-safety certifications in order for the suppliers' products to be sold at their stores. Third-party audits are factored into the Show less Read more
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