- SEC Climate Rule: What Are We Looking for in the Final Rule?It has been 993 days since the Center for Audit Quality (CAQ) responded to the SEC’s request for public input on climate change disclosures, and 622 days since we responded to the SEC’s rule proposal, The Enhancement and Standardization of Climate-Related Disclosures for Investors (proposed rule). In less than a week...March 1st, 2024
Blog Post, Audit Committee, Auditors, Company Management, Preparers/Issuers, ESG - Capital Markets Pulse | February 2024Welcome to another edition of Capital Markets Pulse, a monthly newsletter from the Center for Audit Quality that brings you insights, resources, and tools on the latest issues impacting the capital markets. I’m back from an extended trip around the world (literally). Over the holidays, I had the privilege of visiting...February 28th, 2024Newsletter, Auditors, Company Management, Investors, Policymakers, Audit Quality, Auditor Independence
- Understanding the PCAOB’s Latest Inspection Results: Five Guiding Principles for Audit CommitteesWe often hear that our U.S. capital markets are the envy of the world. Our markets are fueled by investors who have confidence in our markets. I believe much of this investor confidence can be attributed to the system of “checks and balances” that deliver reliable information to investors. One...February 28th, 2024Blog Post, Audit Committee, Auditors, Company Management, Investors, Policymakers, Preparers/Issuers, Audit Quality
- Comment Letter | File Number SR-NYSE-2023-09; Notice of Filing of Proposed Rule Change to Amend the NYSE Listed Company Manual to Adopt Listing Standards for Natural Asset CompaniesThe CAQ appreciates the opportunity to share some high-level observations related to the Securities and Exchange Commission (SEC), Notice of Filing of Proposed Rule Change to Amend the NYSE Listed Company Manual to Adopt Listing Standards for Natural Asset Companies (Proposed Rule Change or Release). Our comments focus on the...November 9th, 2023Comment Letter, Audit Committee, Auditors, Company Management, Investors, Preparers/Issuers, Audit Quality, Auditor Independence, ESG
- Comment Letter Analysis | NOCLARIn June 2023, the Public Company Accounting Oversight Board (PCAOB) proposed amendments to its auditing standards related to a company’s noncompliance with laws and regulations, or NOCLAR for short. The proposed amendments garnered the attention of a diverse group of stakeholders, resulting in 139 individual comment letters. Several comment letters...November 9th, 2023Comment Letter, Academics, Audit Committee, Auditors, Broker Dealers, Company Management, Investors, Preparers/Issuers, Anti-Fraud, Audit Quality
- Capital Markets Pulse | September 2023Happy Autumn, Capital Markets Pulse Readers. The season of crisp weather, college football (Go Bucks!), pumpkin spice everything, and, if you’re a public company auditor, new hire orientations, Q3 quarterly reviews, and interim testing. This fall season is one the audit profession has been watching closely in anticipation of several potential...September 29th, 2023Newsletter, Auditors, Company Management, Investors, Policymakers, Audit Quality, Auditor Independence
- Comment Letter | International Sustainability Standards Board: Consultation on Agenda PrioritiesThe CAQ is pleased to share our views related to the May 2023 International Sustainability Standards Board (ISSB): Consultation on Agenda Priorities. The CAQ is supportive of the ISSB’s efforts to develop and seek comment on its agenda priorities. In our letter we highlight the importance of market acceptance and...September 5th, 2023Comment Letter, Academics, Audit Committee, Auditors, Company Management, Global, Investors, Policymakers, Preparers/Issuers, ESG
- Comment Letter, Sign-on Letter | PCAOB: AS 2405, A Company’s Noncompliance with Laws and RegulationsIn this comment letter, more than 200 audit committee chairs, board members and other capital markets stakeholders signed on to share their concerns about proposed Amendments to PCAOB Auditing Standards related to a Company’s Noncompliance with Laws and Regulations and Other Related Amendments. This letter was submitted on behalf audit committee...August 8th, 2023Comment Letter, Academics, Audit Committee, Auditors, Broker Dealers, Company Management, Investors, Preparers/Issuers, Anti-Fraud, Audit Quality
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