Audit evidence: Strengthening audit quality
CPAB is seeing increased significant findings in our inspections of Canadian reporting issuers engaged in new or evolving business models and emerging industries. Evolving business models can result in material unusual transactions and/or arrangements that require auditors to exercise increased professional judgement and skepticism.
CPAB imposes enforcement action
CPAB imposes enforcement actions on one Canadian public accounting firm.
2022-24 Strategic Plan: Enhancing confidence in Canada's public company audits
CPAB's 2022-2024 strategic plan is designed to meet the challenges and opportunities in audit regulation over the next three years and outlines the next steps in our drive for higher quality audits.
Auditing accounting estimates: Strengthening audit quality
CPAB continues to find deficiencies and opportunities for improvement in the quality of audit work to support accounting estimates. This publication provides examples to clarify issues related to audit deficiencies in this area, as well as practices observed in files with no findings.