- The Role of the Auditor: Assessing and Responding to Fraud RiskThe Role of the Auditor: Assessing and Responding to Fraud Risk provides insights into practices, tools, and considerations that can help auditors, especially those with less experience, enhance their professional skepticism and overall approach to assessing and responding to the risks of material misstatement resulting from fraud during the...October 2nd, 2024
Publications, Audit Committee, Auditors, Investors, Policymakers, Anti-Fraud, Audit Quality - Critical Audit Matters Survey | Research Findings, Q3 SurveyAs part of the CAQ’s efforts to engage a broader array of stakeholders who use company-prepared financial and non-financial information and serve as a prominent voice for the audit profession, KRC Research is conducting quarterly research to inform the research team on topics of interest related to what active institutional...September 5th, 2024Publications, Audit Committee, Auditors, Company Management, Investors, Policymakers, Audit Quality
- Audit Committee Oversight in the Age of Generative AICollective interest in and awareness of generative AI (genAI) has grown exponentially since the public release of several genAI chatbots powered by large language models beginning in November 2022. While artificial intelligence (AI) and machine learning are not new, the accessibility and ease of use provided by genAI chatbots and...July 29th, 2024Publications, Audit Committee, Auditors, Investors, Policymakers, Audit Quality, Emerging Reporting Areas
- S&P 500 ESG Reporting and Assurance AnalysisThe CAQ looked at ESG reports, company websites, completed CDP Climate Change Questionnaires, and third-party assurance or verification reports for 2022 period end data from S&P 500 companies to understand what they disclosed about ESG reporting standards and frameworks, GHG emissions, assurance or verification over the ESG information, and net...July 2nd, 2024Publications, Auditors, Investors, ESG
- Financial Restatement Trends in the United States: 2013 – 2022The Center for Audit Quality (CAQ) has conducted an analysis of restatements announced over the decade (2013 – 2022). Restatement activity is commonly referenced as a measure of financial reporting quality; therefore, a periodic review of associated trends may be of interest to investors and other users of financial statements....June 6th, 2024Publications, Audit Committee, Auditors, Policymakers, Audit Quality
- Analysis of PCAOB Proposals on Public Disclosure of Firm and Engagement Metrics and Firm ReportingOn April 9, 2024, the PCAOB issued two proposals, Firm and Engagement Metrics, and Firm Reporting, that would expand reporting requirements by requiring audit firms to make publically available both firm-wide and individual client engagement information. Comments on both proposals are due June 7, 2024. The metrics the PCAOB has proposed...May 7th, 2024Publications, Audit Committee, Auditors, Investors, Policymakers, Audit Quality
- Institutional Investor Survey | Research Findings, Q2 SurveyThe Center for Audit Quality is pleased to release this research to further understand capital market stakeholder information needs. Capital markets operate on trust and transparency, and understanding investor information needs as they allocate capital is necessary to build and maintain both. To reach a broad range of institutional investors, the...April 22nd, 2024Publications, Audit Committee, Auditors, Company Management, Investors, Policymakers, ESG
- Auditing in the Age of Generative AICollective interest in and awareness of generative AI (genAI) has grown exponentially since the public release of several genAI chatbots powered by large language models beginning in November 2022. While artificial intelligence (AI) and machine learning are not new, the accessibility and ease of use provided by genAI chatbots and...April 4th, 2024Publications, Audit Committee, Auditors, Investors, Policymakers, Audit Quality, Emerging Reporting Areas
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