Cannabis

The cannabis industry is bringing new audit and financial reporting challenges to Canada

The cannabis industry has evolved significantly since the legalization of adult-use products in Canada. The industry continues to expand its scope both domestically and internationally.

Although we have seen improvements, CPAB continues to identify significant inspection findings in cannabis reporting issuer audit files, indicating the need for improvements in audit quality to protect capital markets. CPAB continues to monitor ongoing developments in this industry. We encourage stakeholders to monitor these developments so they can adapt their approach to address the specific audit risks that are specific to reporting issuers in this sector.

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