Canadian Public Accountability Board – Board Director Recruitment

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As Canada’s audit regulator charged with protecting the investing public’s interests, Canadian Public Accountability Board (CPAB) oversees public accounting firms that audit Canadian reporting issuers. It promotes audit quality through proactive regulation, robust audit assessments, dialogue with domestic and international stakeholders, and practicable insights that inform capital market participants and contribute to public confidence in the integrity of financial reporting. CPAB’s Board is comprised of a range of nine to eleven members, all of whom are appointed by the Council of Governors, whom has primary oversight responsibility for CPAB. At least three must be professional accountants to ensure the Board has directors with accounting expertise, however, there shall always be more non-accountant than accountant directors.

The Board believes its current size and range of skills are appropriate and foster dialogue, substantive decision-making, and effective oversight. CPAB’s Board nominates new director candidates for consideration by the Council, which considers them and consults with the Provincial Audit Regulator Members before making appointments. Appointments are staggered to ensure reasonable rotation. One of CPAB’s primary objectives through this recruitment process is to broaden representation of individuals from underrepresented and marginalized backgrounds, identities, and lived experiences. CPAB continues to work towards ensuring diversity of thought, experience, and perspective at the board table to best fulfill its mandate.