The Canadian Public Accountability Board (CPAB) has published their strategic plan for the years 2019-21.
The strategic plan states that, over the next three years, CPAB will drive sustainable solutions to accelerate audit quality. To do this, CPAB will pursue innovation, continuous improvement, and next generation audit quality while engaging with the stakeholders that impact and depend on audit quality. Regulatory excellence, trust, and professionalism will be core to all of the CPAB’s work.
The plan outlines four priority areas for CPAB:
- Cultivate a proactive, adaptive and innovative culture that elevates its regulatory effectiveness.
- Drive targeted, systemic changes to accelerate audit quality improvements.
- Impact how the future audit is performed and regulated.
- Influence global audit quality consistency.