The Canadian Public Accountability Board (CPAB) published its 2025 Year in Review, reporting progress against the first year of its 2025–2027 Strategic Plan and setting out near-term changes focused on transparency and audit quality oversight. The update confirms a leadership transition in March 2026 and indicates CPAB expects to begin publicly disclosing firm-level inspection outcomes from March 2026. Sonny Randhawa was announced as CPAB’s next Chief Executive Officer following Carol Paradine’s impending retirement after eight years. CPAB expects to start publishing individual public inspection reports as part of its plan to disclose the results of regulatory assessments, aimed at investors, audit committee chairs and other stakeholders. The review also highlights initiatives targeted at smaller firms, including Public Company Audit Summits held in Toronto, Vancouver and Montreal and a Smaller Firms Publication Series, and summarises themes from CPAB’s 2025 interim inspections work on technology used in audits, fraud risk identification and response, audits of group financial statements, and evaluation of accounting policies, alongside the growing influence of artificial intelligence. Separately, CPAB reports enhancements to its Whistleblower Program, including a revised and more accessible intake process and policy, an upgraded third-party hotline platform, and outreach with FAIR Canada and the Canadian Coalition for Good Governance. CPAB stated that the information in the Year in Review is accurate as of 4 December 2025 and that a complete update of insights, findings and figures will be published in its Annual Report in 2026.

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