Canadian Public Accountability Board launches public consultation on potential changes to its disclosures
TORONTO, July 19, 2021 / CNW / – The Canadian Public Accountability Board (CPAB), from Canada the state-owned audit regulator, today launched a public consultation to solicit comments and invite a dialogue on potential changes to the regulatory assessment information it releases to the public.
“CPAB last expanded its disclosure framework in 2014; given the evolution of audit and regulatory practices and stakeholder expectations, it is appropriate to consider evolving our approach at this time, ”said Carol Paradine, CEO, CCRC. “We are particularly interested in feedback from the investing public on our disclosure principles, what we communicate and how we communicate with audit committees and what we publicly share about our regulatory assessment results and enforcement actions. . ”
The consultation runs from July 19, 2021 To September 30, 2021. CPAB released a consultation paper soliciting comments. 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 post the responses on its website. If a regulatory change is warranted, further discussions and approvals will likely be required. Any proposed changes will be described in a feedback statement made public on CPAB’s website.
The Canadian Public Accountability Board (CPAB) is from Canada independent regulatory body for auditing public enterprises. Responsible for overseeing audits performed by registered public accounting firms, CPAB contributes to public confidence in the integrity of financial reporting and is committed to protecting from Canada public investor. CPAB promotes sustainable audit quality through proactive regulation, dialogue with national and international stakeholders, and practical information to educate participants in financial markets. CPAB has offices in Montreal, Toronto and Vancouver.
SOURCE Canadian Public Accountability Council
For further information: Adrienne Jackson, Senior Director, Communications, Canadian Public Accountability Board, [email protected]