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Learn more about the background of the Enhancing Audit Quality (EAQ) initiative, including why the initiative was formed and how it helped to improve audit quality.
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In response to the financial crisis in 2008-09, many stakeholders around the world considered changes to the financial system to promote stability and reduce risk. As auditors play a key role to provide assurance on sound financial reporting, several global initiatives arose to look at ways to improve audit quality.
As it was important for Canadian business leaders to develop views and solutions that would work best for Canada and influence the global discussion, Chartered Professional Accountants of Canada (CPA Canada) and the Canadian Public Accountability Board (CPAB) created the EAQ initiative. Our document Enhancing Audit Quality Backgrounder provides important insights about how and why the EAQ initiative launched.
Canada’s accounting and auditing standards boards have a lot going on. Make sure you stay up to date on changes and get involved in standards development through the boards’ webinars and events.
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Financial sustainability and digital disruption are influencing the future of NFPs. Be equipped to lead through complex change by attending Canada’s premiere event for not-for-profit leaders.
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Explore new technologies that are revolutionizing accounting and finance. Find out how you can take advantage of best-fit digital solutions and emerging business trends to work smarter, ignite growth and keep innovating.