Center for Audit Quality - CAQ
The Center for Audit Quality (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.
The CAQ's Main Street Investor Survey measures retail investor confidence in US capital markets, global capital markets, public companies, and audited financial information. In addition to its core confidence measures, the survey also sheds light on investor views regarding factors that might affect their investment outlook. This year’s survey confirms that retail investors are watching Washington closely.
A product of the Audit Committee Collaboration, Enhancing the Audit Committee Report: A Call to Action is built on the premise that those with a stake in our financial markets should understand and have confidence in the audit committee’s work. The report includes examples of emerging, voluntary practices of strengthened audit committee disclosures, and cites studies that have examined recent trends in these practices.
The CAQ's 2017 Year in Review covers the CAQ’s key activities and accomplishments in support of public company audit quality. Among other topics, the Year in Review highlights the CAQ’s work to help public company auditors improve their effectiveness, its support for independent research, its collaborative efforts around fighting financial reporting fraud and working with audit committees, and its engagement with regulators on a range of key issues.
Recent CAQ Public Policy and Technical Alerts (PPTA)
As part of the Center for Audit Quality's ongoing effort to keep members and stakeholder informed on significant public policy and accounting matters, we are pleased to offer the Public Policy and Technical Alert (PPTA). Each month, the PPTA highlights and examines the regulatory, standard-setting, legislative, and broader financial reporting developments impacting the public company audit profession. View all the latest CAQ Alerts.
Most Recent Alerts:
CAQ Alert #2017-03 - SAB Topic 11.M - A Focus on Disclosure for New Accounting Standards
CAQ Public Policy and Technical Alert - May 2017
Audit Quality News
Visit the CAQ Newsroom for all the latest news and updates
Most Recent Headlines:
COMPLIANCE WEEK |06.30.17 - Auditors get Notice to Scrutinize SAB 74 Disclosures
The Center for Audit Quality issued an alert to all public company auditors to remind them that the Securities and Exchange Commission is taking a dim view of vague or...
ACCOUNTINGWEB |06.29.17 - How Audit Committees Can Prepare for New Form AP Rules
The Center for Audit Quality has published a new tool that guides audit committees on various aspects of a new PCAOB rule that requires external auditors to disclose the name...
JOURNAL OF ACCOUNTANCY |06.21.17 - What Audit Committees Need to Know About PCAOB’s Form AP
The PCAOB’s new rule requiring auditors to disclose the name of the engagement partner and other firms participating in the audit has important implications for audit committees. Audit committees have...
Top Audit Issues & Policies
- Audit Committee Issues
- Audit Quality Indicators
- Auditor Independence
- Auditor Reporting
- Effective Disclosure
- Fair Value Accounting
- Fighting Fraud
- Global Issues
- Independent Standard Setting
- Mandatory Firm Rotation
- Role of the Auditor
- Transparency of Audits