The Canadian Public Accountability Board’s (CPAB) annual audit quality insights report was recently released on March 30. It outlines numerous findings, amidst global economic and workforce disruption gave rise to critical accounting and auditing issues and challenged auditors to adjust to performing audits and overseeing that work remotely.
CPAB is Canada’s audit regulator charged with protecting the investing public’s interests. In that role, it oversees public accounting firms that audit Canadian reporting issuers.
CPAB’s Audit Quality Insights: 2020 Annual Audit Quality Assessments is available at www.cpab-ccrc.ca
