This site uses cookies to provide you with a more responsive and personalised service. By using this site you agree to our use of cookies. Please read our cookie notice (http://www2.deloitte.com/ca/en/legal/cookies.html) for more information on the cookies we use and how to delete or block them.
The full functionality of our site is not supported on your browser version, or you may have 'compatibility mode' selected. Please turn off compatibility mode, upgrade your browser to at least Internet Explorer 9, or try using another browser such as Google Chrome or Mozilla Firefox.

Transparency into the Audit – Enhanced Auditor Reporting and Audit Committee Reporting

  • CPAB Image

Mar 31, 2016

On March 31, 2016, the Canadian Public Accountability Board (CPAB) released a publication ​where it discusses the two initiatives increasing transparency into the audit process - Enhanced Auditor Reporting and Audit Committee Reporting.

Traditionally the financial audit process has been opaque, operating in a black box environment with only a pass or fail judgement rendered by the auditor on an annual basis.

However, there has been a growing realization that increasing transparency into the audit process could benefit audit committees, investors and other stakeholders.

A number of initiatives are underway internationally to increase transparency into the audit process. The publication outlines two initiatives: enhanced auditor reporting and enhanced audit committee reporting.

Review the publication on the CPAB's Web site.

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.