To audit public companies in Canada,an auditor must be a CPA with a public accounting license and have their firm register with the CPAB.

Question

Quizplus · Accepted Answer

This is true. In Canada, a certified public accountant (CPA) with a public accounting license is required to audit public companies, and their firm must register with the Canadian Public Accountability Board (CPAB). This is to ensure that audits of public companies are conducted according to high standards of quality, independence, and transparency.

To Audit Public Companies in Canada,an Auditor Must Be a CPA