KPMG in Canada hosted a Toronto roundtable on October 2, 2014. In attendance were representatives from key audit stakeholder groups that focus on issues relevant to audit in Canada. John Gordon, Canadian Managing Partner, Audit hosted the roundtable and welcomed Richard Cree, economia to moderate it.
Following the roundtable, a discussion overview and transcript have been made available by economia.
Continue to follow the discussion @economiamag or @KPMG #valueofaudit and stay with KPMG in Canada as we continue to post content and videos on this important conversation.
Audit has proved its worth over the years, to investors and companies alike. But as the events of the last decade have shown, it’s time for change – for a revolution in audit thinking and execution. Business has changed, shareholder needs have evolved, and audit needs to keep up. That’s why we created this project.
When we started thinking about the future of audit, we wanted to find out where we are now: whether lead partners from KPMG member firms in different regions thought there was value in audit today, and if so, what this value is. But more importantly, we wanted their ideas on audit’s current weaknesses and on how we, as a profession, can address these to make the audit more relevant to 21st century business.