Washington, DC – The Center for Audit Quality (CAQ) issued the following statement by Executive Director Cindy Fornelli in reaction to the appointment of James L. Kroeker to the Financial Accounting Standards Board.
"The public company auditing profession congratulates James Kroeker upon his appointment as Vice Chairman of the Financial Accounting Standards Board.
“Mr. Kroeker’s technical expertise and understanding of complex accounting issues and their impact on a variety of constituents will be of tremendous value to FASB and investors. His experiences working in the profession and in senior roles at the SEC will make him a great asset to the organization.”
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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.