by Hillary Bell | Mar 17, 2026 | English
The 2026 edition of this paper explores investor perspectives on audit firm tenure and evolving expectations around governance and transparency. It outlines the Canadian regulatory approach, which emphasizes mandatory partner rotation, strong controls over non-audit...
by Hillary Bell | Feb 18, 2025 | English
The Canadian Centre for Audit Quality (CCAQ) has analyzed public company audit committee disclosures for companies in the Toronto Stock Exchange 60 (TSX 60) Index for fiscal periods ending in 2022 and 2023. This publication highlights the various audit committee...
by Hillary Bell | Feb 12, 2025 | English
The CCAQ has written a comment letter responding to the SEC’s request for comment on PCAOB-2024-07, Firm Reporting, and PCAOB-2024-06, Firm and Engagement Metrics. We did not support the approval of these final rules by the SEC due to the impact that they would...
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...
