Practice Inspection Committee

Overview

The Practice Inspection Committee assesses all practising offices on their compliance with professional standards relating to the performance of assurance, compilation and other specified engagements covered in the CPA Canada Handbook – Assurance and relevant portions of the CPA Ontario Member’s Handbook. The practice inspection committee takes appropriate follow-up or remedial action in instances of non-compliance.

Composition

The committee comprises between 15 and 20 volunteer members, including a Chair, who are in public practice. Many of the members are at the partner level (or equivalent) and have been members in good standing for more than 10 years and hold a Public Accounting Licence. The council appoints committee members each year. Our aim is to ensure membership is representative of the geography and size of our members (i.e. including local, regional and national firms). The terms of appointment are in accordance with Regulation 18-1.

Meetings

The committee year begins with an orientation session for new members in September and runs from September to the following April. The committee presently meets four times per year – late September, late November, late January and early April.

Inspection process

All practicing offices are inspected at least once every three years. Inspections are conducted by either one or more full-time (staff) or part-time (contract) inspectors who assess an office’s compliance with professional standards related to the performance of assurance and compilation engagements. Other senior inspectors review in detail the inspection reports from these assessments to ensure consistency in presentation and content before they are sent to one or more committee members, who then review and determine if any action needs to be taken. Where some further action is recommended, the full committee reviews the inspection report at one of its meetings.

Committee expenses

CPA Ontario reimburses committee members for travel expenses including (as required) mileage, train or plane fares, meals and accommodation incurred on committee business.

How to apply

We are not presently seeking applicants for the committee, as all available positions have been filled.  If you are presently a member in good standing of CPA Ontario in a public accounting practice that includes audit, review and compilation engagements and hold a Public Accounting Licence, please complete and submit this application form (secure log-in page) for consideration as positions become available. Unless applicants indicate otherwise, applications will be kept on file for two years for use in later committee years. While we appreciate the interest shown by all applicants, only those short-listed for possible committee membership will be contacted.