Audit Committee

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Today’s audit committees play a significant role in corporate governance to maintain stakeholder confidence. Audit committee members face a range of new challenges as they are tasked with critical oversight on the complexities of financial reporting, regulatory compliance and risk management.

EY's Audit Committee program provides resources and practical tools to keep audit committee members informed on key issues. These include briefings on recent technical and regulatory developments, insight into current and emerging topics of interest, forums to network with peers and keep up to date on best practices. Listed below is our recent audit committee material.


Canadian Directors Network - Meeting Summary

The Canadian Directors Network met on 26 April 2016 in Toronto. This brief summary has been prepared to highlight key themes shared during the meeting. Read more.

Enhancing audit committee transparency: EY’s review of 2015 disclosures

This Point of view sets forth key observations from EY’s study of 2015 audit committee-related disclosures with a focus on the audit committee’s oversight of the external audit process in five jurisdictions — Australia, Canada, Singapore, the United Kingdom(UK) and the United States (US). It builds on our initial study, which looked at disclosures from the 2014 reporting season and was published in March 2015. Read More.

Canadian directors briefing: what’s top of mind for 2016

From December 2015 through January 2016, representatives from EY and SkyBridge Associates spoke by phone with more than a dozen experienced directors who serve on the audit committees of large Canadian companies. This document reflects selected, non-attributed perspectives on strategy oversight that emerged during those conversations. Read More.

Annual Assessment of the External Auditor

We created this template to assist the audit committee in completing the annual assessment of the external auditor in accordance with the recommendations of the Enhancing Audit Quality (EAQ) initiative.

Periodic Comprehensive Review of Auditor

We created this template to assist the audit committee in completing the Periodic Comprehensive Review of the external auditor in accordance with the recommendations of the Enhancing Audit Quality (EAQ) Initiative.

OSC Whistleblower Program: Are you prepared?

Board considerations related to whistleblowing and 10 key questions for directors. Read more.

CACN Summary of themes: October 2015

Members of the Canadian Audit Committee Network discussed: The role and value of internal audit, and regulatory trends in auditor and audit committee reports.

CACN Summary of themes: February 2015

Members of the Canadian Audit Committee Network discussed: Cybersecurity oversight and fostering a culture of compliance.