The Canadian Public Accountability Board (CPAB) has released its first individual firm inspection reports, making them publicly available on its website and committing to publish additional reports on an ongoing basis. CPAB presented the move as an expansion of its disclosure practices to give investors, audit committee chairs and other stakeholders clearer visibility into the outcomes of its oversight of public accounting firms that audit Canadian reporting issuers. The new firm-level inspection reporting follows earlier transparency measures, including public disclosure of significant enforcement actions and unresolved recommendations, and requirements for firms to share issuer-specific inspection findings with audit committees. CPAB linked these changes to extensive public consultation and related rule and legislative amendments that were completed in March 2025. Future inspection reports will be published as they are released, with updates distributed via CPAB Express.
Canadian Public Accountability Board 2026-03-11
Canadian Public Accountability Board publishes first individual firm inspection reports
The Canadian Public Accountability Board (CPAB) has published its first individual firm inspection reports, enhancing transparency for investors and stakeholders. This initiative follows previous measures like disclosing significant enforcement actions and unresolved recommendations. CPAB's expanded disclosure practices stem from public consultation and recent rule amendments.