July 27, 2009

Josh K. Jones Joins CAQ as Senior Director of Professional Practice & Research

~~Auditor and Former SEC Official Provides Unique Knowledge Base to Center’s Member Services and Public Policy Initiatives~~ 

Washington, D.C. – Josh K. Jones, a partner at Ernst & Young LLP (E&Y) and a former Senior Associate Chief Accountant at the U.S. Securities and Exchange Commission (SEC), has joined the Center for Audit Quality (CAQ) as Senior Director of Professional Practice & Research. During Jones’ one-year fellowship, he will help guide the CAQ’s member services, professional practice and public policy activities.

“We are thrilled to be able to add Josh’s dual experiences conducting public company audits and working within the federal regulatory environment,” said CAQ Executive Director Cindy Fornelli. “His background will greatly aid the CAQ’s efforts to serve investors and the capital markets by promoting transparency and high quality audits.”

Jones formerly served as Senior Associate Chief Accountant in the Office of the Chief Accountant of the SEC, where he specialized in the Commission’s guidance related to the evaluation of internal control over financial reporting and auditing matters relating to public companies. He also played a key role in many of the Commission’s activities with respect to its oversight of the Public Company Accounting Oversight Board (PCAOB).

Prior to joining the SEC in 2006, Jones worked as a senior manager at E&Y, where he performed audits of public and private companies of varying size, primarily specializing in the consumer products industry. He is a Certified Public Accountant and a graduate of Wake Forest University.

Jones is the first participant in the CAQ’s professional practice fellowship program, which is conducted in collaboration with the CAQ’s member firms. Under the program, an audit partner from one of the Center’s member firms will participate in a one-year fellowship assisting the CAQ’s professional practice activities and interaction with key regulatory agencies, including the SEC, the PCAOB and the Financial Accounting Standards Board (FASB).

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The Center for Audit Quality (CAQ) is an autonomous public policy organization serving investors, public company auditors and the capital markets. The CAQ’s mission is to foster confidence in the audit process and to aid investors and the markets by advancing constructive suggestions for change rooted in the profession’s core values of integrity, objectivity, honesty and trust. Based in Washington, D.C., the CAQ is affiliated with the American Institute of Certified Public Accountants. For more information, visit www.thecaq.org