Enhancing audit quality (EAQ) initiative: The role of the audit committee working group

The Role of the Audit Committee Working Group (ACWG) was one of the three working groups of the Enhancing Audit Quality (EAQ) initiative. Access the ACWG’s documents and find out who the members were.

The ACWG consulted with stakeholders during February-March 2013 to determine if there was consensus and support for the views presented in their discussion paper about the role of the audit committee in external auditor oversight.

The ACWG made major proposals in these areas:

  • overseeing the work of the external auditor
  • conducting an extensive review of the audit firm
  • communication of inspection results

ACWG documents:

ACWG members:

Chair

Tom C. O’Neill, FCPA, FCA
BCE and Bell Canada
Toronto

Members

Hugh Bolton, FCA
EPCOR Utilities Inc.
Edmonton

(Jim) J. L. Goodfellow, FCPA, FCA
Oakville, Ontario

Nicolas Kirton, FCA
Calgary

Rob Scullion, FCPA, FCA
Ernst & Young, LLP
Toronto

Wally Smielauskas, PhD
University of Toronto
Toronto

Huw Thomas, CPA, CA
Oakville, Ontario

Observers

Gigi Dawe
CPA Canada
Toronto

Kelly Gorman, CPA, CA
Canadian Securities Administrators
Toronto

Kam Grewal, CPA, CA
CPAB
Toronto

Karen Stothers, CPA, CA
Office of the Superintendent of Financial Institutions
Toronto

Project Manager

Tracy Brennan, CA
Ernst & Young LLP
Calgary

Highlights

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