The Center for Audit Quality (CAQ) is an autonomous, nonpartisan, and nonprofit public policy organization based in Washington, DC. Supported by a membership of U.S. accounting firms registered with the Public Company Accounting Oversight Board (PCAOB), the CAQ is led by a Governing Board made up of CEOs from leading public company auditing firms and the AICPA, as well as three members from outside the public company auditing profession. The CAQ is affiliated with the American Institute of CPAs. 

 

Our Mission

The CAQ is dedicated to enhancing investor confidence and public trust in the global capital markets by:
 

  • Fostering high-quality performance by public company auditors
  • Convening and collaborating with other stakeholders to advance the discussion of critical issues requiring action and intervention
  • Advocating policies and standards that promote public company auditors’ objectivity, effectiveness, and responsiveness to dynamic market conditions

 

Our Work

To serve its members and to enhance investor confidence, the CAQ engages in a wide range of activities in the United States and across the globe.

These activities include providing thought leadership on proposed rules and standards, as well as webcasts, events, and tools for the profession and other members of the financial reporting supply chain. The CAQ also collaborates with key stakeholders, including outreach to retail and institutional investors. While conducting its own research, the CAQ works closely with the academic community to facilitate independent research relevant to the auditing profession.

  • Cindy Fornelli is Executive Director of the CAQ, a position she has held since the CAQ was established in 2007.

    In 2016, Fornelli was honored for the eighth time by Directorship magazine as one of the 100 most influential people on corporate governance and in the boardroom. Accounting Today has named her one of the 100 most influential people in accounting for ten consecutive years. Prior to joining the CAQ, Fornelli was the Regulatory and Conflicts Management Executive at Bank of America and the Deputy Director, Division of Investment Management of the U.S. Securities and Exchange Commission.

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  • The CAQ is led by a Governing Board made up of chief executive officers from the largest public company auditing firms and the AICPA, as well as three independent members from outside the public company auditing profession. These independent board members bring insights that provide critical context to the work of the CAQ.

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  • The CAQ's staff includes a team of CPAs and experts in policy, professional practice, research, stakeholder engagement, communications, and operations. In addition, the CAQ maintains a Professional Practice Fellowship Program that brings in CPAs from the profession to help guide CAQ activity.

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  • The CAQ is a dynamic workplace of talented individuals who are committed to enhancing investor confidence and public trust in the global capital markets. As an autonomous affiliate of the American Institute of CPAs (AICPA), the CAQ posts our active employment opportunities at the AICPA jobs page.

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Join the CAQ

The CAQ leverages our membership's insight and expertise to foster high quality performance by public company auditors.