Regulatory Alerts2026-05-04
Regulators and audit leaders discuss audit quality and confidence in Canada’s financial reporting
The Office of the Superintendent of Financial Institutions, the Canadian Public Accountability Board, and the Canadian Securities Administrators co-hosted a roundtable with audit firms and standard setters to address risks affecting audit quality. Participants focused on emerging challenges including artificial intelligence, fraud risks, and governance culture to strengthen public confidence in Canada’s capital markets. The event emphasized that continued regulatory collaboration and clear guidance are essential to maintain high-quality audits and ensure the integrity of financial reporting.
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