Access the Canadian Public Accountability Board (CPAB) website at www.cpab-ccrc.ca/en/Pages/default.aspx . a. Whom does CPAB identify as

Question:

Access the Canadian Public Accountability Board (CPAB) website at www.cpab-ccrc.ca/en/Pages/default.aspx .

a. Whom does CPAB identify as its key stakeholders? Explain the role of each of these stakeholders in relation to audit quality.

b. Access CPAB's and CPA Canada's Enhancing Audit Quality Initiative. As mentioned in the chapter, the three priority areas were auditor independence, audit reporting, and the role of the audit committee. Why are these areas so important to audit quality?

Stakeholders
A person, group or organization that has interest or concern in an organization. Stakeholders can affect or be affected by the organization's actions, objectives and policies. Some examples of key stakeholders are creditors, directors, employees,...