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CPAB Response to Monitoring Group Consultation

  • CPAB - Assurance Image

Apr 24, 2018

On April 24, 2018, the Canadian Public Accountability Board (CPAB) released its response on the "Monitoring Group Consultation – Strengthening the Governance and Oversight of the International Audit-Related Standard Setting Boards in the Public Interest" as issued by the Monitoring Group on November 9, 2017.

CPAB is broadly supportive of the reforms and support the Monitoring Group’s efforts to position the international audit and ethical standard setting model for success moving forward.

Here's a summary of their response:

  • They believe there is an opportunity to improve the accountability across all levels of the standard setting model;
  • They strongly support members with a variety of experiences and perspectives across all levels of the standard setting model;
  • They strongly support increased strategic focus by the standard setting board(s); and
  • They support the suggested reforms to the Public Interest Oversight Board (PIOB) and encourage the Monitoring Group to consider implementing those reforms simultaneously with the reforms to the board(s)

Review the response on the CPAB's website.

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