- KPMG U.S. Chair and CEO Paul Knopp to Helm CAQ’s Governing BoardWashington DC, April 2, 2024 – Paul Knopp, KPMG U.S. Chair and CEO, has been elected Chair of the CAQ’s Governing Board, effective April 1, 2024. The CAQ’s Governing Board is comprised of a variety of leaders representing the financial reporting ecosystem, including chief executive officers from some of the largest...April 2nd, 2024
Audit Committee, Auditors, Company Management, Policymakers, Audit Quality, Press Releases - SEC Climate Rule Part 2: What We Were Looking For in the Final Rule versus What We FoundIn part 1of this blog we explored what we’d be looking for once the SEC released its long-awaited climate rule. With the wait finally over, read on for what we found. Attestation requirements. Given that assurance over climate-related reporting enhances the reliability of that information and offers increased investor protection, we...March 29th, 2024Blog Post, Audit Committee, Auditors, Company Management, Preparers/Issuers, ESG
- Comment Letter | PCAOB: AS 2405, A Company’s Noncompliance with Laws and RegulationsWe are pleased to submit the attached comment letter written in response to the PCAOB’s reopening of the comment period on its proposed Amendments to PCAOB Auditing Standards related to a Company’s Noncompliance with Laws and Regulations and Other Related Amendments and related roundtable briefing paper. This comment letter is a...March 20th, 2024Comment Letter, Audit Committee, Auditors, Policymakers, Anti-Fraud
- Comment Letter Analysis | CAQ Analysis of IAASB Going Concern Comment LettersOn April 26, 2023, the International Auditing and Assurance Standards Board (IAASB) issued for public comment an Exposure Draft, proposed International Standard on Auditing (ISA) 570 (Revised 202X), Going Concern. Comments were due August 24, 2023. The IAASB received 78 letters, primarily from accounting firms and accounting organizations. Who responded? In our analysis...March 13th, 2024Comment Letter, Academics, Auditors, Investors, Policymakers, Audit Quality
- Audit Committees Prioritize Cybersecurity, Enterprise Risk Management in New SurveyTwo-thirds of audit committee members see opportunities to improve effectiveness, according to Deloitte, Center for Audit Quality Survey NEW YORK, March 12, 2024 —The “Audit Committee Practices Report: Common Threads Across Audit Committees,” a joint effort between Deloitte’s Center for Board Effectiveness and the Center for Audit Quality (CAQ), identified cybersecurity as...March 12th, 2024Audit Committee, Auditors, Company Management, Investors, Policymakers, Audit Quality, Emerging Reporting Areas, Press Releases
- Breaking Down the New SEC Climate-Related Disclosure RulesThe SEC has adopted new climate-related disclosure rules. The Center for Audit Quality and Anita Chan, who played an active role in the development of the proposed rule, will be breaking down the new rules in this informative session and answering questions such as: What will companies need to disclose? What are...March 11th, 2024Event, Video, Audit Committee, Auditors, Investors, Preparers/Issuers, ESG
- Statement on the PCAOB’s NOCLAR Roundtable EventTransparency and accountability are pillars of effective public policy development. Unfortunately, the roundtable that the PCAOB held this week on its proposal related to company noncompliance with laws and regulations (NOCLAR) failed to live up to these principles. Specifically, the roundtable failed to address the concerns outlined in 78% of...March 6th, 2024Audit Committee, Auditors, Anti-Fraud, Statements
- Public Policy and Technical Alert | February 2024As part of the Center for Audit Quality’s (CAQ) ongoing effort to keep members and stakeholders 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...March 6th, 2024Newsletter, Auditors, PPTA
The latest news and
resources from the CAQ.