Press Release June 10, 2009


CAQ Congratulates Bob Moritz on Election as U.S. Chairman of PricewaterhouseCoopers

Washington, D.C. – The Center for Audit Quality (CAQ) issued the following statement from Executive Director Cindy Fornelli regarding the election of Bob Moritz as U.S. Chairman and Senior Partner of PricewaterhouseCoopers LLP (PwC):

“The CAQ congratulates Bob Moritz on his election to U.S. Chairman and Senior Partner of PricewaterhouseCoopers LLP. We welcome Bob to the CAQ’s Governing Board and look forward to continuing our working relationship on issues important to investors, public company auditors and the capital markets. The CAQ applauds PwC’s outgoing U.S. Chairman Dennis Nally for his contributions to our organization in his role as a member of the Governing Board and we wish him well in his new role as Global Chairman of the PricewaterhouseCoopers’ Network.”

# # #

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.