As we get ready to usher out 2018, December also marks the close of my first 10 months as CPAB’s CEO. I’ve received a lot of input, learned a tremendous amount, and am impressed with the energy and expertise that surrounds me in my new role. I’d like to thank CPAB staff and Board members for their unwavering commitment to audit quality, and for warmly welcoming me into the fold. CPAB doesn’t work alone though – we’re part of a robust financial governance system – so I also acknowledge our stakeholders for their continued diligence with respect to protecting Canadian investors.It’s been a busy year. We’ve met well over 100 public company audit committee directors and delivered 20-plus public presentations and speeches on a range of audit quality matters, including technology innovation and emerging industries. We worked with audit firms to assess the impact of culture, talent management and risk management on audit quality. We explored the audit implications that have arisen related to new businesses like cannabis and crypto. And we reflected and engaged on the evolution of the profession, effective regulation and the future of the audit.Sustaining and accelerating overall quality as the business environment and the audit industry evolve in 2019 will require heightened vigilance and measurable improvement. In January CPAB will begin the rollout of our next three-year strategic plan. A key driver will be the need for agility and to be progressive in our approach to regulating audit quality. Please check our website in the New Year for details on our new strategic commitments. In the meantime, I wish you and yours much health and happiness this holiday season and throughout 2019.
Carol Paradine, CPA, CACEO CPAB