June 1, 2011

CAQ Welcomes New Deloitte LLP CEO Joe Echevarria to CAQ Governing Board

Washington, DC – The Center for Audit Quality (CAQ) issued the following statement from Executive Director Cindy Fornelli regarding Joe Echevarria being elected Chief Executive Officer of Deloitte LLP:

“The CAQ congratulates newly-elected CEO Joe Echevarria of Deloitte LLP and welcomes Joe to our Governing Board. Joe brings a valuable perspective to the CAQ and we look forward to his leadership on behalf of our efforts to enhance investor confidence and public trust in our capital markets.

The CAQ also wishes to congratulate outgoing CEO Barry Salzberg, who has been elected Global CEO of Deloitte Touche Tohmatsu Limited. As CEO of Deloitte LLP and a Governing Board member, Barry has made many lasting contributions to the CAQ and to the profession, and we thank him for his years of dedication and service to the CAQ.”

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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