by Hillary Bell | Jan 14, 2025 | English
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...
by Hillary Bell | Aug 8, 2024 | English
The CCAQ is generally supportive of the proposals in CAS 240, The Auditor’s Responsibilities Related to Fraud in an Audit of Financial Statements and believe most of the new guidance will enhance audit quality. We do, however, have concerns relating to: whether the...
by Hillary Bell | Jul 30, 2024 | English
Almost a year ago, on August 25, 2023, we issued our comment letter to the Canadian Auditing and Assurance Standards Board (AASB) on the proposed amendments to ED-570, Going Concern. Although we were generally supportive of the proposed amendments, we did have some...
by Hillary Bell | Jun 11, 2024 | English
The CCAQ supports the establishment of a global baseline for sustainability reporting, and we understand that there is widespread stakeholder support for the creation and adoption of a standardized sustainability risk assessment and a climate-related metric disclosure...
by Hillary Bell | Mar 26, 2024 | English
The Canadian Centre for Audit Quality (CCAQ) is pleased to respond to CPAB’s request for input to inform CPAB’s approach to disclosing the results of its oversight of participating audit firms that audit Canadian reporting issuers. Enhanced transparency promotes trust...
by Hillary Bell | Feb 1, 2024 | English
Votes in support of audit committee directors and the external auditors have been declining for some companies. Why? Because some investors and proxy voters have determined that a time limit for an audit relationship is necessary. We believe that the...
