Document background
The Code of Professional Conduct for Auditors serves as the cornerstone document governing the professional and ethical behavior of auditors operating within the Canadian jurisdiction. This document becomes necessary when establishing consistent standards for professional conduct, independence, and quality control in audit practices across Canada. It incorporates requirements from various regulatory bodies, including provincial CPA organizations and the Canadian Public Accountability Board (CPAB), while maintaining alignment with international standards. The code provides comprehensive guidance on ethical principles, professional responsibilities, client relationships, and quality control measures, making it essential for both individual practitioners and audit firms. It addresses modern challenges in the audit profession, including technological advancements, remote working considerations, and evolving regulatory requirements.
