The Ontario Securities Commission (OSC) announced September 23, 2022, that it will be making targeted inquiries to certain public accounting firms that conduct audits of Ontario reporting issuers.

A press release issued the same day said that “as a result of ethical violations identified by regulators in Canada and other jurisdictions, the OSC will request specific information about audit firms’ internal policies and procedures. The scope of this review does not presently include individual audits of reporting issuer financial statements previously filed with the OSC.”

In a press release sent out September 23,2022, the International Public Sector Accounting Standards Board (IPSASB), says it received strong overall engagement and feedback from stakeholders globally on the proposals in its recent Consultation Paper (CP), Advancing Public Sector Sustainability Reporting.

IFAC's Action Plan for Fighting Corruption and Economic Crime, released September 6, 2022, provides a framework for how we can enhance the accountancy profession’s role in combating corruption and economic crimes, thereby advancing the UN SDGs. The framework is organized into five overarching pillars and includes more than actions, that are meant to evolve over time.

A September 15 article, written by Adam Zaki, in CFO says that that “When [finance and IT] work together to evaluate the business case for a new investment, it ensures the CFO and the rest of the finance can provide strategic advice and act as more than just the budget gatekeeper.”

A September 13, 2022, article in FM Financial Management, written by Bernard Marr, says that success as an accountant often lies in being able to "speak" finance to different areas and levels of the business. “In today's data-driven business world, this essentially means being able to communicate data.”

What's the best way to communicate data to any audience? Marr suggest turning it into a story.

According to a press release issued September 15, 2022, “clearer direction is required for greenhouse gas (GHG) emissions measurement and disclosure.” That was the main take-away in a report just released by the Institute for Sustainable Finance (ISF) and Chartered Professional Accountants of Canada (CPA Canada).

An article in the August 29, 2022, issue of the McKinsey Quarterly says that today’s challenging environment requires business leaders to hone their edge in three critical areas: insights, commitment and execution. In these difficult times, the article says, “we see two types of business leader emerging. The first type adopts a cautious and defensive posture in dealing with the volatility and uncertainty. These leaders are hunkering down and concentrating on the threats here and now. Scenario planning, resilience preparation, balance sheet management, near-term efficiency drives, and careful inflation monitoring are core areas of their focus. These leaders are in a strategic ‘wait and watch’ mode as conditions unfold. In our experience, the majority of senior executives fall into this category.”

The Securities and Exchange Commission announced plans to add an Office of Crypto Assets and an Office of Industrial Applications and Services to the Division of Corporation Finance's Disclosure Review Program (DRP).

According to its press release, dated , September 9, 2022, the DRP has long had offices to review company filings by issuers. Now, the two new offices will join the seven existing offices that provide focused review of issuer filings and that are grouped by industry expertise to further the Division’s work to promote capital formation and protect investors. The DRP anticipates the new offices will be established later this fall.

The Canadian Public Accountability Board (CPAB) is concerned about the quality of evidence that some auditors are obtaining when auditing the existence of crypto-assets held in custody by third parties. In late August this year, CPAB released report that describes what auditors should be considering when auditing the financial statements of reporting issuers that use custodians to safeguard their crypto-assets.