October 29, 2015

CAQ Governing Board Taps Deloitte’s Engelbert as New Chairman

Washington, DC – The Center for Audit Quality's Governing Board has elected Catherine M. Engelbert, CEO of Deloitte LLP, as its Chairman. 

Engelbert succeeds Robert E. Moritz, Chairman and Senior Partner at PwC US (PricewaterhouseCoopers LLP), who served two terms as chair (the maximum number of consecutive terms a CAQ chair or vice chair may serve).

“Cathy is a widely respected and trailblazing figure in the public company auditing profession,” said CAQ Executive Director Cindy Fornelli. “The CAQ will benefit from her expertise, her passion for the profession, and her continued leadership on the CAQ's various initiatives. I look forward to working with Cathy as the CAQ continues to address the important issues facing investors, public company auditors, and capital markets. 

“I want to thank Bob Moritz for his leadership and strategic guidance during his tenure as chair. Bob’s visionary thinking has contributed enormously to important CAQ initiatives, such as the development and pilot testing of our approach to audit quality indicators, as well as our ongoing efforts to work effectively with financial markets participants and policymakers to better meet the needs of investors.”

“I welcome the opportunity to lead the CAQ’s Governing Board during such an exciting time for the profession,” said Engelbert. “In light of ever-evolving technology and fast-paced developments around the globe, there are countless opportunities to move the profession forward. I am honored to work with my fellow Governing Board members, along with Cindy and her team, as we make important strides to enhance the quality of public company audits and financial reporting on behalf of the investing public.”

The CAQ’s Governing Board is made up of chief executive officers from leading public company auditing firms and the American Institute of CPAs, as well as three independent board members from outside the public company auditing profession. The Board provides oversight for the organization and leads development of its strategic agenda to support a robust public company auditing profession that can meet the needs of capital markets and investors.

Engelbert will serve a two-year term as Chairman. RSM US LLP Managing Partner and CEO Joseph M. Adams will continue to serve as the Board's Vice-Chairman. 

Contacts:

Erica Hurtt, Center for Audit Quality, ehurtt@thecaq.org; (202) 591-2601

Jon Rucket, Deloitte LLP, jrucket@deloitte.com, (404) 631-2071

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About the CAQ

The Center for Audit Quality (CAQ) is an autonomous, nonpartisan 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, DC, the CAQ is affiliated with the American Institute of CPAs. For more information, visit www.thecaq.org.