Enhancing audit quality (EAQ) initiative: Auditor reporting working group

Learn more about the Auditor Reporting Working Group (ARWG), one of the three working groups of the Enhancing Audit Quality (EAQ) initiative.

The ARWG consulted with global stakeholders during the fall of 2012 for input on various global proposals on enhancing audit quality via the auditor’s report, specifically focusing on:

  • improving the information value of the auditor’s report
  • expanding assurance by auditors on parts or all of Management’s Discussion & Analysis (MD&A), quarterly financial statements and other information

The ARWG made major proposals in these areas:

  • auditor commentary
  • going concern
  • other information
  • clarification and transparency of the audit process
  • disclosure of the engagement partner name
  • disclosure of involvement of other auditors
  • expanding the information on which auditors can provide assurance beyond the financial statements
  • application of auditor reporting proposals in the Canadian environment

ARWG documents:

ARWG members:  

Chair

Mark Davies, CIA, CPA, CA
KPMG LLP
Toronto

Members

Jean Bédard, PhD, FCPA, FCA
Laval University
Québec

Anish Chopra, CPA, CA
TD Asset Management
Toronto

L. Denis Desautels, OC, FCPA, FCA
Corporate Director
Ottawa

Marvin Martenfeld, FCPA, FCA
MNP LLP
Markham, Ontario

Tom C. Peddie, FCPA, FCA
Corus Entertainment Inc.
Toronto

Bruce Winter, FCPA, FCA
PricewaterhouseCoopers, LLP
Toronto

Observers 

Malcolm Gilmour, CPA, CA
CPAB
Toronto

Marion Kirsh, FCPA, FCA
Ontario Securities Administrators
Toronto

Project coordinators

Robert J. Muter, FCPA, FCA
PricewaterhouseCoopers, LLP
Toronto

Axel N. Thesberg, FCPA, FCA
KPMG LLP
Toronto

Ron Salole
CPA Canada
Toronto

Project manager

Eric Turner, CPA, CA
CPA Canada
Toronto

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