July 28, 2009

CAQ Comments on Goelzer’s Appointment as Acting PCAOB Chairman

Washington, D.C. – The Center for Audit Quality (CAQ) issued the following statement from Executive Director Cindy Fornelli regarding the U.S. Securities and Exchange Commission’s (SEC) appointment of Daniel Goelzer as Acting Chairman for the Public Company Accounting Oversight Board (PCAOB):

“Dan Goelzer has brought extensive experience and a thoughtful approach to the PCAOB’s work since 2002 and is a sound choice to serve as acting chairman.

A former SEC official and auditor, and a founding member of the PCAOB, Dan is unquestionably well qualified to lead the board at this important time in its history. 

Dan will no doubt fulfill his added responsibilities in a manner that is guided by what he believes is best for investors – a philosophy that is effectively aligned with the CAQ’s commitment to foster high quality performance by public company auditors.

We look forward to working with Dan in his new role as acting chairman and also want to take this opportunity to wish departing Chairman Mark Olson the very best in his future endeavors.”

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The Center for Audit Quality (CAQ) is an autonomous public policy organization serving investors, public company auditors and the capital markets. The CAQ’s mission is to foster confidence in the audit process and to aid investors and the markets by advancing constructive suggestions for change rooted in the profession’s core values of integrity, objectivity, honesty and trust. Based in Washington, D.C., the CAQ is affiliated with the American Institute of Certified Public Accountants. For more information, visit www.thecaq.org.