Washington, D.C. – The Center for Audit Quality (CAQ) issued the following statement by Executive Director Cindy Fornelli in support of the confirmation of Kara Stein and Michael Piwowar to the Securities and Exchange Commission (SEC):
"The public company auditing profession congratulates Kara Stein and Michael Piwowar on their appointments to the SEC and encourages Senate Banking Committee members to support their confirmation. Ms. Stein and Dr. Piwowar are committed public servants whose knowledge and experience will be a great asset to the SEC and its efforts to protect investors and enhance America's capital markets.
“The CAQ shares the SEC’s goal of strengthening investor protection through the promotion of sound financial reporting and welcomes the opportunity to work with Ms. Stein and Dr. Piwowar as part of our efforts to enhance audit quality.”
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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