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What Canadian audit committees should prioritize in 2025

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4 minute read 24 Jan 2025
Related topics
Board governance and oversight
Audit
Assurance

In this year's edition, we summarize key considerations for audit committees during the 2024 year-end audit cycle and beyond. With the changing risk landscape, the audit committee’s role continues to grow more demanding and complex amid the uncertain and dynamic business environment. This report is designed to help audit committees to proactively address developments in risk management, financial reporting, tax and the regulatory landscape.

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Areas of focus in this edition include:

  • Understanding the risks and opportunities around digital disruption (including AI), systems implementations and cybersecurity developments and trends.
  • Impact of new Canadian tax legislation in 2024 as well as US federal tax policy outlook.
  • The evolving ESG landscape, and the release of new Canadian Sustainability Disclosure Standards.
  • Regulatory developments in Canada and the US which could have meaningful impact in 2025 and beyond.
Download What Canadian audit committees should prioritize in 2025

 

For the full report and complete list of questions for audit committees, download the PDF.

Download full report (pdf)

Contacts

We welcome any comments and questions you may have about the matters discussed in this report. Please contact an EY Canada partner for more information.

Photographic portrait of Zahid Fazal
Zahid Fazal
EY Canada Managing Partner, Assurance
Photographic portrait of Eric Spiekman
Eric Spiekman
Professional Practice Leader, Assurance, EY Canada

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Authors

Related topics
Board governance and oversight
Audit
Assurance

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