Washington, D.C. – The Center for Audit Quality (CAQ) issued the following statement by Executive Director Cindy Fornelli in support of Senate confirmation of Mary Jo White, Michael Piwowar and Kara Stein to the Securities and Exchange Commission (SEC):
"The CAQ and the public company auditing profession congratulate Mary Jo White on her confirmation to a five-year term as the Chairman of the Securities and Exchange Commission. Chairman White has a proven record of enforcing the law in our capital markets and working diligently to protect investors.
“Additionally, the CAQ issues its congratulations to Michael Piwowar and Kara Stein on their confirmation to the Securities and Exchange Commission. Ms. Stein and Dr. Piwowar are committed to serving the public interest and bring significant Congressional experience and financial markets knowledge that will be of great value to the SEC as it works to protect investors and enhance America's capital markets.
“We welcome the opportunity to work with Chairman White, Dr. Piwowar, and Ms. Stein as part of the CAQ’s efforts to enhance audit quality and strengthen investor confidence and public trust in the global capital markets.”
# # #
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