needs additional citations for verification . please help improve this article by adding citations to reliable sources . unsourced material may be challenged and removed . april 2016 learn how and when to remove this template message the center for audit quality type autonomous member funded non profit founded 2007 headquarters washington d.c. united states key people cynthia m. fornelli executive director website www.thecaq.org contents 1 about the center for audit quality 2 membership and structure 3 policy issues 4 resources on auditing financial reporting and corporate governance 5 research 6 governing board 7 notes or references 8 external links about the center for audit quality edit about the center for audit quality the center for audit quality caq is an autonomous nonpartisan nonprofit public policy advocacy organization based in washington dc . it is affiliated with the american institute of cpas . the caq is dedicated to enhancing investor confidence and public trust in the global capital markets by fostering high quality performance by public company auditors ; convening and collaborating with other stakeholders to advance the discussion of critical issues requiring action and intervention ; and advocating policies and standards that promote public company auditors objectivity effectiveness and responsiveness to dynamic market conditions . founded in 2007 the organization has been led since its inception by executive director cynthia m. fornelli a u.s. business leader and former securities lawyer . membership and structure edit the caq is self supporting and entirely funded by member dues . membership in the caq is open to u.s. accounting firms registered with the public company accounting oversight board pcaob . associate membership is available for u.s. accounting firms not registered with the pcaob . the caq also offers international firm subscriptions . policy issues edit the caq engages with regulators and auditing and accounting standards setters on policy proposals and public company auditing issues . it also provides a forum for its member firms to discuss those issues share perspectives and formulate positions . the caq works on a wide range of public policy issues including the following the auditor s reporting model audit quality indicators the role of audit committees financial reporting fraud deterrence and detection accounting estimates and fair value financial disclosure auditor of the future data security and privacy sarbanes oxley act implementation and pcaob rulemaking ifrs mandatory audit firm rotation going concern audit engagement partner identification corporate governance company use of non gaap accounting measures cybersecurity audit profession talent pipeline the caq policy page 1 provides more information on the caq s policy work . resources on auditing financial reporting and corporate governance edit the caq has produced a range of resources aimed at fostering high performance by public company auditors and enhancing investor confidence . these resources include guides white papers webcasts and research studies . examples include professional judgment resource 2 caq comment letters 3 caq investor education video series 4 annual main street investor survey conducted each year since 2007 the caq s main street investor survey gauges investor confidence in u.s. capital markets global capital markets audited financial information and investing in u.s. publicly traded companies visit the caq resources 5 page for more information . research edit the caq facilitates research initiatives and provides independent funding of scholarly research projects to address new or significant issues relating to public company auditing and the capital markets . since 2009 the caq through its research advisory board has annually funded independent academic research projects on auditing related topics including audit quality professional judgment professional skepticism and the value of the audit . in 2013 the caq and the auditing section of the american accounting association created a joint program designed to facilitate accounting and auditing academics ability to obtain access to audit firm personnel to participate in their research projects . other caq research efforts include intersecting roles fostering effective working relationships among external audit internal audit and the audit committee 6 published jointly by the caq and the institute of internal auditors a report capturing key points and takeaways from a series of 2014 roundtable meetings of internal auditors external auditors and audit committee chairs . march 2015 audit committee transparency barometer 7 published jointly by the center for audit quality and audit analytics the audit committee transparency barometer presents findings from an extensive analysis of 2015 audit committee disclosures in proxy statements measuring the robustness of these disclosures among s & p composite 1500 companies . november 2015 the fraud resistant organization 8 the fraud resistant organization tools traits and techniques to deter and detect financial reporting fraud provides valuable information about the conditions that might make an organization more susceptible to fraud and how to mitigate those conditions . november 2014 the caq s 10th annual main street investor survey conducted each year since 2007 the caq s main street investor survey gauges investor confidence in u.s. capital markets global capital markets audited financial information and investing in u.s. publicly traded companies . september 2016 financial restatement trends in the united states 2003 2012 9 analysis of the trends in and characteristics of restatements of public company financial statements provides useful information for all stakeholders in the capital markets . july 2014 more caq s research can be found on its website . 10 governing board edit a governing board made up of chief executive officers from leading public company auditing firms and the aicpa as well as three independent members from outside the public company auditing profession leads the caq . governing board chair catherine m. engelbert ceo deloitte llp governing board vice chair joseph m. adams managing partner and ceo rsm us llp governing board members 11 wayne berson ceo bdo usa llp jeffrey brown professor of business and dean college of business university of illinois at urbana champaign lynne doughtie u.s. chairman and ceo elect kpmg llp michele j. hooper president and ceo the directors council stephen r. howe jr. u.s. chairman and americas managing partner ey llp j. michael mike mcguire ceo grant thornton llp barry melancon president and ceo american institute of cpas james l. powers ceo crowe horwath llp timothy f. ryan chairman and senior partner pricewaterhousecoopers llp mary schapiro vice chairman advisory board promontory financial group notes or references edit http www.thecaq.org policy http www.thecaq.org reports and publications professional judgment resource http www.thecaq.org resources comment letters http www.thecaq.org resources comment letters http www.thecaq.org resources http www.thecaq.org reports and publications intersecting roles http www.thecaq.org reports and publications audit committee transparency barometer http www.thecaq.org reports and publications the fraud resistant organization http www.thecaq.org reports and publications financial restatement trends in the united states 2003 2012 financial restatement trends in the united states 2003 2012 http www.thecaq.org reports and publications http www.thecaq.org about us governing board external links edit caq website cynthia m. fornelli anti fraud collaboration audit committee collaboration discover audit retrieved from https en.wikipedia.org w index.php title center for audit quality & oldid 742641325 categories auditingfinancial marketsindustry trade groups based in the united statesaccounting organizationsaccounting in the united stateshidden categories articles needing additional references from april 2016all articles needing additional references navigation menu personal tools not logged intalkcontributionscreate accountlog in namespaces article talk variants views read edit view history more search navigation main pagecontentsfeatured contentcurrent eventsrandom articledonate to wikipediawikipedia store interaction helpabout wikipediacommunity portalrecent changescontact page tools what links hererelated changesupload filespecial pagespermanent linkpage informationwikidata itemcite this page print export create a bookdownload as pdfprintable version languages add links this page was last modified on 4 october 2016 at 22 21 . text is available under the creative commons attribution sharealike license ; additional terms may apply . by using this site you agree to the terms of use and privacy policy . wikipedia is a registered trademark of the wikimedia foundation inc. a non profit organization . privacy policy about wikipedia disclaimers contact wikipedia developers cookie statement mobile view