December 21, 2012

CAQ Comments on the SEC’s Office of the Chief Accountant

Washington, D.C. – The Center for Audit Quality (CAQ) issued the following statement from Executive Director Cindy Fornelli reacting to the appointment of Paul Beswick as Chief Accountant of the Securities and Exchange Commission (SEC):

“The CAQ congratulates Paul Beswick on his appointment as SEC Chief Accountant. The work performed by the Chief Accountant is extremely important for the public company auditing profession. Paul’s leadership and contributions to critical accounting and auditing issues in his prior roles at the Commission put him in good stead to take the helm, and we look forward to working with Paul in his new capacity.”

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The Center for Audit Quality (CAQ) is an autonomous public policy organization dedicated to enhancing investor confidence and public trust in the global capital markets. The CAQ fosters high quality performance by public company auditors, convenes and collaborates with other stakeholders to advance the discussion of critical issues requiring action and intervention, and advocates policies and standards that promote public company auditors’ objectivity, effectiveness and responsiveness to dynamic market conditions. Based in Washington, D.C., the CAQ is affiliated with the American Institute of Certified Public Accountants. For more information, visit www.TheCAQ.org.