October 26, 2012

Former PCAOB and Federal Reserve Board Official Angela Desmond Joins the CAQ as Senior Director of External Relations

Washington, D.C. —The Center for Audit Quality (CAQ) today welcomed former Public Company Accounting Oversight Board (PCAOB) and Federal Reserve Board official Angela Desmond as Senior Director of External Relations.

Desmond comes to the CAQ from Corporate Risk Advisors LLC, a D.C.-based consulting and strategic advisory firm specializing in the financial services industry, where she was a managing director.

Before joining Corporate Risk Advisors, Desmond served as Chief of Staff for the PCAOB, a private-sector, nonprofit corporation created by the Sarbanes-Oxley Act to oversee the auditors of public companies, from September 2006 until August 2009. She also acted as the PCAOB’s Interim Chief Administrative Officer. Prior to joining the PCAOB, she was a member of the Federal Reserve Board’s official staff.

“Angela’s expertise at the intersection of auditing issues and financial policy will be instrumental in shaping the CAQ’s strategic vision,” said CAQ Executive Director Cindy Fornelli. “She brings with her a wealth of knowledge and experience with public company auditing and a demonstrated ability to collaborate with our many stakeholders on issues of mutual importance.”

Former PCAOB Chairman Mark Olson, now co-chairman of Corporate Risk Advisors, said “Angela and I have worked together for eight years in several different capacities and she has been a tremendous asset at every turn. While her departure will be sorely felt by me and others here, I know the mission and work of the Center for Audit Quality is a great fit for Angela, and I look forward to working with her in her new role.”

Desmond is the former General Counsel of the Municipal Securities Rulemaking Board and was a Branch Chief at the Securities and Exchange Commission. She received her Juris Doctor from the American University Washington College of Law, where she was an editor of the law review. 

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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. For more information, visit www.thecaq.org.