A good understanding by investors of an audit committee’s quality assessment process, the audit committee’s role in preserving audit quality, the Canadian regulatory environment, and the audit committee’s use of best practices leads to a more informed vote on the appointment of the external auditors. Audit committees that are proactive in engaging with investors and other stakeholders on these issues help to ensure that investors have the information they need to make investment and proxy decisions.
Read the CCAQ’s paper on factors that investors should consider surrounding the audit committee’s important process for recommending an external auditor and assessing that auditor’s performance and independence.
French translation is coming soon.