What external auditors do: The audit process

This is the second video in our three-part series. These videos describe the roles and responsibilities of external auditors, helping audit committees properly evaluate their work.

This second video in the three-part series provides insights into the actual audit process, to help audit committee members and other interested parties in gaining a better understanding of the roles and responsibilities of an external auditor.

This video covers:

  • preliminary engagement activities
  • planning and performing the audit
  • forming an opinion and communicating results
  • professional judgment and professional skepticism
  • the auditor's responsibilities
  • the audit committee's role in evaluating the quality of the audit and overseeing the external auditor


  • audit committee and board members of Canadian public companies
  • management
  • external auditors