CPAB participates in public policy issues affecting audit firms, investors, and reporting issuers through identifying and analysing current and emerging audit quality issues. This includes tracking current trends affecting audit firms and their audit clients, monitoring relevant academic research, and analyzing information derived from our inspections. Using this information, we engage stakeholders on issues critical to audit quality, and foster discussion and collaboration with individuals and organizations. Listed below are key current and emerging issues.
2017-2018 Upcoming Audit Quality Projects.
Monitoring Group Consultation Paper.
Monitoring Group Consultation Call for Comments.
This report outlines our current findings regarding AQIs based on observations of participants in CPAB’s 2016 AQI Pilot Project. A summary is also available.
This summary highlights observations of participants in CPAB’s 2016 AQI Pilot Project. The full report is also available.
Foreign Jurisdictions where CPAB is unable to access Working Papers.
Audit committee concerns related to IT risks and the role the external auditor and others could play in assisting the audit committee.
A discussion about two initiatives increasing transparency into the audit process - Enhanced Auditor Reporting and Audit Committee Reporting.
A discussion about two initiatives increasing transparency into the audit process - Audit Quality Indicators and Transparency 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”.
CPAB’s response to the Exposure Draft on the “The Auditor’s Responsibility Relating to Other Information: Canadian Amendments”.
Audit regulators and the profession continue to enhance the reliability of statutory auditing. But is external auditing losing its relevance?
This paper considers current trends in six key areas, with a particular focus in some areas on the global Big Four network firms.
CPAB speaks with audit committee chairs about observations and lessons learned on performing or planning to perform a comprehensive review.
CPAB special report on inspections of audits of companies with operations in foreign jurisdictions, general improvement noted.
CPAB, CPA Canada and ICD weigh in on European audit reform