- What ten years of restatement trends tell us about the state of financial reportingMany audit firms voluntarily report firm-level metrics publicly through their audit quality and transparency reports. These include many different metrics, such as learning and development offered to auditors, technology used by audit teams, and audit hours provided by specialists, to name a few. One metric that audit firms regularly include in...June 12th, 2024
Blog Post, Audit Committee, Auditors, Policymakers, Audit Quality - Comment Letter Analysis | CAQ Analysis of PCAOB Rule 3502 Comment LettersOn September 19, 2023, the Public Company Accounting Oversight Board (PCAOB or Board) proposed to amend PCAOB Rule 3502, Responsibility Not to Knowingly or Recklessly Contribute to Violations, the Board’s rule governing the liability of associated persons who contribute to a registered public accounting firm’s primary violation: First, the Board proposed...June 12th, 2024Comment Letter, Academics, Auditors, Investors, Policymakers, Audit Quality
- Meeting Highlights | SEC Regulations Committee, June 2024June 11th, 2024SEC Meeting Notes, SEC Regulations Committee
- Comment Letter | PCAOB Firm and Engagement Metrics ProposalIn our letter we detail our views on the following: Support for an alternative approach to disclosure of certain firm-level metrics that is scalable; Support for an alternative approach that focuses on discussion related to certain engagement-level metrics with the audit committee; Overall concerns related to the PCAOB’s Proposal, including: Certain of the proposed...June 7th, 2024Comment Letter, Academics, Auditors, Policymakers, Audit Quality
- Comment Letter | PCAOB Firm Reporting ProposalIn this comment letter, the CAQ responds to the PCAOB’s Firm Reporting Proposal. Our letter expresses a number of comments and concerns regarding the reporting requirements included in the Proposal. Specifically, we are concerned that this Proposal will provide limited and uncertain benefits to stakeholders while exposing registered firms to significant...June 7th, 2024Comment Letter, Academics, Auditors, Policymakers, Audit Quality
- Public Policy and Technical Alert | May 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...June 7th, 2024Newsletter, Auditors, PPTA
- Comment Letter | IAASB’s Proposed International Standard on Auditing 240 (Revised): The Auditor's Responsibilities Relating to Fraud in an Audit of Financial StatementsThe CAQ is pleased to share our views related to the IAASB’s Proposed International Standard on Auditing 240 (Revised): The Auditor's Responsibilities Relating to Fraud in an Audit of Financial Statements. The CAQ is supportive of the IAASB’s efforts to clarify and enhance the auditor’s responsibilities relating to fraud in...June 6th, 2024Comment Letter, Auditors, Global
- Podcast | Capital Markets Pulse, Episode 6: Duane DesParteHosted by Julie Bell Lindsay, CEO of the Center for Audit Quality, Capital Markets Pulse dives into the latest key matters related to the capital markets featuring experts from across the corporate reporting world. Not seeing the player? Please refresh the page.May 30th, 2024Blog Post, Podcast, Auditors, Investors, Policymakers, Audit Quality
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