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Find out what auditors from nine public accounting firms are saying about their experiences in applying data analytics to their financial statement audit engagements and how others can leverage their insights.
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Why and how are Canadian auditors using audit data analytics (ADA)? Has such use been effective? How are client management and audit committees reacting to such use? These are some of the matters explored in a recent initiative undertaken by CPA Canada's ADA Committee.
The initiative involved CPA Canada holding a series of interviews with engagements teams from nine participating public accounting firms ranging in size from very small to very large to discuss use of data analytics on specific audit files.
CPA Canada urges auditors to read this report and use what they learn to move the dial with respect to ADA implementation in their own engagements, at their firm, and in Canada more broadly.
It’s said that a crisis brings out the best in people and, in most cases, that’s true. But there is a dark side to tough times, as fraudsters prey on people who are uncertain and looking for easy answers.
March 18, 2020
The federal government’s actions and fiscal support to address the widespread and devastating economic fallout of the COVID-19 pandemic are welcomed by Chartered Professional Accountants of Canada (CPA Canada).
April 2, 2020
Listen to this special edition Practitioner’s Pulse webinar where we answer some frequently asked questions around practice management issues and some key financial reporting and auditing implications of COVID-19.