CPAB Audit Quality Insights Report: 2022 Interim Inspections Results

  • CPAB - Assurance Image

Oct 20, 2022

On October 20, 2022, the Canadian Public Accountability Board (CPAB) released its interim public report on its 2022 audit quality assessments. The report provides a snapshot of themes and insights from our 2022 audit quality assessment work to date.

The interim report also highlights CPAB's observations related to progress on the implementation of the new quality management standards, auditor independence and objectivity. It provides insight into their activities on firm culture and the results of thematic reviews on climate, fraud and going concern.

Overall considerations for audit committees are also included as year-end audit preparations begin.

CPAB encourages public accounting firms to provide this report to their reporting issuers’ audit committees. Audit committees should discuss this report, any file-specific findings and any remediation action taken, if applicable, with their external auditor.

Review the report on the CPAB's website.

Correction list for hyphenation

These words serve as exceptions. Once entered, they are only hyphenated at the specified hyphenation points. Each word should be on a separate line.