Public companies in Canada and the United States are required to
engage independent external auditors to perform an audit of their
annual financial statements.
Watch partner Robbie Leibel discuss details of new
disclosure requirements for public companies.
The independent audit is a report prepared by an external
auditor with the purpose of a fair presentation of financial
statements, which accompanies the financial statements provided to
investors. New auditing standards that are soon to be implemented
will require additional disclosure in public company audit reports
of "key audit matters" (KAMs) in Canada and
"critical audit matters" (CAMs) in the United States.
Adoption and harmonization
