The Canadian Public Accountability Board (CPAB), the regulator overseeing practices that audit publicly traded companies in the country, has published individual company inspection reports.

The move marks the first time CPAB has made company-specific inspection reports publicly available.

In a statement, the regulator said the step represents a “significant milestone” in the evolution of its public disclosure practices.

The inspection reports are available on the CPAB’s website and will be released on an ongoing rolling basis.

The change aims to increase transparency and give stakeholders more detail about the results of the CPAB’s oversight of public accounting practices that audit Canadian reporting issuers.

In the first release, the CPAB published inspection findings for Canada’s ‘Big Four’ companies: KPMG, Deloitte, E&Y and PricewaterhouseCoopers.

CPAB CEO Sonny Randhawa said: “Today’s achievement represents an important step forward in CPAB’s commitment to transparency.

“Public disclosure of these reports strengthens confidence in audit quality and delivers meaningful information to investors, audit committee chairs and other stakeholders across Canada.”

The publication of company-level reports follows other disclosure changes introduced in recent years.

These include public disclosure of significant enforcement actions and unresolved recommendations. They also include requirements for companies to share issuer-specific inspection findings with audit committees.

The CPAB said the updates followed public consultation and were supported by rule and legislative amendments completed in March 2025.

In November 2025, the CPAB announced Randhawa’s appointment as CEO. The appointment became effective earlier this month.

The CPAB said Randhawa has more than 25 years of experience in regulatory oversight, public accounting and audit quality. He succeeded Carol Paradine, who led the organisation for eight years.