CPAB 2017-2018 Audit Quality Projects
Nov 27, 2017
On November 27, 2017, the Canadian Public Accountability Board (CPAB) announced that in 2017-2018, they plan to launch two new projects: (i) comprehensive review of the auditor; and (ii) audit committee communications.
The project objectives include:
Comprehensive review of the auditor
- Better understand the challenges around auditor evaluation
- Identify best practices in performing a comprehensive review for sharing with the audit firm, audit committee and preparer communities
- Obtain feedback on the current comprehensive review tools and guidance
Audit committee communications
- Better understand the quality and efficacy of communications between auditors and audit committees through multi-stakeholder dialogue and case study analysis
- Identify best practices that can be broadly shared with audit firms, audit committees and preparers
Review the announcement on the CPAB's website.