The following information is provided by the Canadian Public Accountability Board (CPAB).
The Canadian Public Accountability Board (CPAB), Canada’s public company audit regulator, launched a public consultation to gather input and invite a dialogue on potential changes to the regulatory assessment information it releases to the public.
“CPAB last broadened its disclosures framework in 2014; given changing audit and regulatory practices and stakeholder expectations, it is appropriate to consider evolving our approach at this time,” said Carol Paradine, CEO, CPAB. “We are specifically interested in the investing public’s feedback on our disclosure principles, what and how we communicate to audit committees and what we share publicly about our regulatory assessment results and enforcement actions.”
The consultation runs from July 19, 2021, to September 30, 2021. CPAB has issued a consultation paper to solicit feedback. Stakeholders are invited to submit a written response, complete a consultation survey (available here) or participate in 1:1 meetings with CPAB.
CPAB will collect and assess all stakeholder comments and publish the responses on its website. If regulatory change is warranted, additional discussion and approvals will likely be necessary. Any proposed changes will be outlined in a feedback statement made public on CPAB’s website.
For more information, contact Adrienne Jackson, Senior Director, Communications at the Canadian Public Accountability Board at adrienne.jackson@cpab-ccrc.ca.
