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CPAB Exchange: Auditing in the cannabis sector

  • CPAB - Assurance Image

Feb 26, 2021

In February 2021, the Canadian Public Accountability Board (CPAB) released a publication that highlights their inspections findings in the cannabis industry and emphasizes the need for immediate action to improve audit quality.

Since its legalization in Canada in 2018, the cannabis industry has seen unprecedented volatility in the capital markets. At the time of this publication, there are more than 250 Canadian reporting issuers in this sector. Over the past two years the CPAB has reviewed the quality of audits of cannabis companies to better understand how auditors have adapted to the challenges in this emerging industry.

Review the publication on the CPAB’s website.

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