TORONTO, April 01, 2025 (GLOBE NEWSWIRE) — The Canadian Public Accountability Board (CPAB), Canada’s public company audit regulator, today released its 2024 annual report. The report covers CPAB’s 2024 regulatory assessments and provides updates on strategic initiatives.
CPAB’s 2024 inspections results indicate an overall decrease in the aggregate findings rate, primarily driven by less significant findings at certain annually inspected firms. We continue to see a strong association between audit quality and strong systems of quality management.
“While we are encouraged by improvements in the systems of quality management at many audit firms, some firms with continued high inspection results remain a concern for CPAB,” said Carol Paradine, chief executive officer, CPAB. “Our …