Practice Inspection Committee John Clark, CPA, CA (Chair) Blair Northcott, CPA, CA Peter Spacek, CPA, CA Lucie Nadeau Frenette, CPA, CA Donald Cormier, CPA, CA Carol LeBlanc, CPA, CMA The mandate of the Practice Inspection Committee (“PIC”) is to oversee practice inspections of all public practices registered with CPA New Brunswick in a manner that will conform, to the greatest extent possible, with the harmonized practice inspection program. The committee's role is to protect the public interest while at the same time providing a learning opportunity for public practices by assessing the compliance with professional standards of members/ firms who perform assurance, compilation and other specified engagements, and by taking appropriate follow-up or remedial actions in instances of non-compliance. These inspections are done by practice inspectors (“PI”) who have met specific conditions to qualify as inspectors including targeted training. In 2017-2018, there were 11 “PIs”. The 2017-2018 inspection cycle included 44 firms (40 in 2016-17), 6 of which were re-inspections from the previous year’s inspection cycle (5 in 2016-17). The “PIC” has now issued its Report on Reportable Deficiencies for the 2017-2018 fiscal year. This annual report contains valuable information on common theme deficiencies of firms inspected in the 2017-2018 inspection cycle.