OSC asked to review OM exemption, beneficial ownership registry being examined
Professionals routinely shared answers for internal training assessments
Auditors altered computer settings to circumvent firm's controls
Inquiry follows exam cheating scandal, other auditor misconduct
Greater transparency could help investors and improve audit quality
Securities and audit regulators are working together on oversight
Comments are due Jan. 2
The situation has improved generally over the past 15 years, but the CPAB sees the recent drop in reliability as a "critical concern"
Technology-driven innovation is expected to transform auditing and audit regulation in the years ahead
CPAB reports big jump in the number audits with significant deficiencies over last year, calls for improved consistency