|Press Release||October 5, 2011|
CAQ Launches Investor Education Campaign with New Video Introducing “The System of Investor Protection”
Washington, D.C. – “Financial reporting is their ‘racquet’…and it’s no game.” The Center for Audit Quality (CAQ) today launched an investor education campaign with the release of a new video that introduces our system of protection – the people, laws and requirements that make sure the financial reporting process protects investors’ interests.
The 3-and-a-half minute video uses a “film noir” setting to introduce those with key responsibilities in the financial reporting system: Ledger Lines, an external auditor with a granite chin, who explains the roles and responsibilities of Lotta Charts, a CFO and a whiz with the books; Indy Pendent, the chair of the independent audit committee and a man of integrity; Ida Figures, an internal auditor who’s tough on the numbers; and Johnny Law, the cop on the beat who makes sure that everyone is playing by the rules.
“We know that many investors and members of the public have limited knowledge about how their interests are safeguarded,” CAQ Executive Director Cindy Fornelli explained. “This video, and the others to follow, will entertain viewers while informing them about the distinct yet interrelated roles making up our system of investor protection, and hopefully narrow the expectation and information gap.”
To view the video, go to www.CAQForInvestors.org, which serves as the home of the investor education campaign and features “Ledger’s Links” – additional information for investors, including The Guide to Public Company Auditing, “Did You Know?” facts about the audit process, and other CAQ resources. The video is also available on social media channels YouTube, Facebook and Twitter.
# # #
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.