Executing a High-Quality Audit

It is clear, and encouraging, to CPAB that the trend in audit quality is positive and that audit firms in Canada are taking the challenge to improve audit quality seriously. However, while all firms are capable of executing quality audits and do so regularly, consistent audit execution remains a challenge for firms to varying degrees. CPAB's objective is a long-term sustainable approach to audit quality that will persevere through business cycles. This section of our website provides publications outlining key areas where we believe audit firms can execute high quality audits in a more consistent, sustainable manner. Our recommendations are based on observations from our inspections and an analysis of the results of audit quality action plans put in place by audit firms. Improving sustainable audit quality continues to be a significant focus for CPAB and we strongly encourage audit firms to continue to invest in audit quality. We urge all firms to continue to focus on consistent audit execution as an important way to enhance audit quality.

NEWS
Supplemental CPAB Response on Auditor Reporting

​CPAB’s supplemental response to the Invitation to Comment on the Auditing and Assurance Standards Board (AASB)’s “Implementation considerations for New Auditor Reporting Standards”.

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Posted: 24/02/2016

NEWS
CPAB’s Response to the Exposure Draft on The Auditor’s Responsibility Relating to Other Information

​CPAB’s response to the Exposure Draft on the “The Auditor’s Responsibility Relating to Other Information: Canadian Amendments”.

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Posted: 24/02/2016

NEWS
CPAB’s Response to the Canadian AASB’s Invitation to Comment on Auditor Reporting
CPAB’s response to the Invitation to Comment on the Auditing and Assurance Standards Board (AASB)’s “Implementation considerations for New Auditor Reporting Standards”.
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Posted: 22/02/2016

NEWS
CPAB’s Response to the Canadian AASB’s Draft Strategic Plan for 2016-2021

​CPAB’s response to the Invitation to Comment on the Auditing and Assurance Standards Board (AASB)’s “Draft Strategic Plan for 2016-2021”.

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Posted: 18/02/2016

NEWS
Industry Insights - Mining

​Part of CPAB’s Industry Insight series for audit committees, an overview of common areas of focus for an audit of a company operating in the mining industry.

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Posted: 27/11/2015

NEWS
Industry Insights - Banking

​Part of CPAB’s Industry Insight series for audit committees, an overview of common areas of focus for an audit of a company operating in the banking industry.

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Posted: 11/11/2015

PUBLICATION
Industry Insights - Retail

​Part of CPAB’s Industry Insight series for audit committees, an overview of common areas of focus for an audit of a company operating in the retail industry.

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Posted: 02/04/2015

NEWS
CPAB Exchange: The Road Forward for International Auditing Standards

​CPAB’s Response to the IAASB’s Proposed Strategy for 2015-2019 and The IAASB’s Proposed Work Program for 2015-2016.

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Posted: 27/06/2014

NEWS
ICD, CPAB, CPA Canada directors webinar featuring guidance, audit committee tools and CPAB Protocol

This webinar reviews the guidance, tools and Protocol for audit committee oversight activities, emphasizing the director perspective, what this means for audit committees and their communications with auditors.

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Posted: 26/06/2014

NEWS
CPAB Exchange: Building Sustainable Audit Quality

​This publication outlines four key areas CPAB believes audit firms need to focus on to improve audit quality in a sustainable manner.

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Posted: 25/06/2014

PUBLICATION
CPAB’s response to Phase 2 of the IAASB’s post-implementation review of the clarified International Standards on Auditing
CPAB’s response to Phase 2 of the IAASB’s post-implementation review of the clarified International Standards on Auditing
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Posted: 08/11/2012

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