March 18, 2022
Certified Public Accountants and Auditing Oversight Board

Publication of the English version of
"2021 Monitoring Report"

We have published the 2021 Monitoring Report, which describes matters such as the results of the CPAAOB monitoring activities in Program Year 2020.
The original Japanese version was published on July 9, 2021.

2021 Monitoring Report (English) (PDF:3.39MB)
2021 Monitoring Report Key Points (English) (PDF:507KB)

<Structure of the report>
The Report comprises the following four sections (I-IV)

I. Overview of the Audit Sector
We have included information on the overview of certified public accountants (CPAs) and audit firms, the auditing of audited companies and initial public offerings (IPOs) and so forth.

II. CPAAOB Monitoring
In addition to updating information related to monitoring, we have elaborated the Basic Plan for Monitoring Audit Firms and so forth inthe program year 2021.

III. Operation of Audit Firms
In addition to updating data, we have enhanced the description of firm-wide support for auditing work and added columns about audit firms' working environment transition and training programs making use of vitual reality.

IV. Responses to Changes in the Global Environment Surrounding Audit
Based on recent changes in the environment surrounding auditing, we have enhanced the description of audit utilizing information technology (IT) and of responses to enterprises exploring overseas operations. As recent trends related to auditing, furthermore, we have described the impacts of and responses to the spread of infections with COVID-19, responses to key audit matters (KAMs), and audit-related criteria and important reports.

Monitoring and Inspection Office
Certified Public Accountants and Auditing Oversight Board
3-2-1 Kasumigaseki, Chiyoda-ku, Tokyo 100-8905 Japan

Adobe site The above-mentioned file is in PDF format. If you don't have Adobe Reader software on your computer, you can download it from Adobe site.

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