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.