Hollate Manufacturing Case Study

The Hollate Manufacturing Case Study is a collaborative effort by the Center for Audit Quality, Financial Executives International, The Institute of Internal Auditors, and the National Association of Corporate Directors. These organizations represent the Anti-Fraud Collaboration, which actively engages in efforts to mitigate the risks of financial reporting fraud. The Case Study is consistent with the Collaboration’s goal to promote the deterrence and detection of financial reporting fraud through the development of education, programs, tools and other related resources.

Audit Committee Essentials: The Annual Auditor Assessment

The Audit Committee Essentials: The Annual Auditor Assessment tool is designed to allow audit committees to take advantage of formal and informal opportunities to objectively evaluate the auditor’s performance on an annual basis in order to make an informed recommendation to the Board whether to retain the auditor. The tool was developed by the Association of Audit Committee Members, Inc., Corporate Board Member, an NYSE Euronext Company, Independent Directors Council, Mutual Fund Directors Forum, National Association of Corporate Directors, Tapestry Networks and the CAQ.

Guide to PCAOB Inspections

The Guide to PCAOB Inspections provides a high-level overview of the PCAOB’s process for inspecting public company auditing firms, which has a significant impact on the quality of public company audits and investor confidence in the integrity of audited financial statements. The Guide to PCAOB Inspections highlights the process for selecting and reviewing audits for conformance to audit standards, and the assessment of a firm’s audit quality control program.

Guide to Internal Control Over Financial Reporting

The Guide to Internal Control Over Financial Reporting (ICFR) describes the process used by U.S. public companies to enhance the reliability of their financial statements by reducing the risk of material errors or misstatements. The Guide to ICFR introduces the financial reporting controls that are designed to provide reasonable assurance that the company’s financial statements are reliable and prepared in accordance with generally accepted accounting principles.

Global Observations on the Role of the Audit Committee

Global Observations on the Role of the Audit Committee highlights common themes identified during a multi-continent discussion series on enhancing public company audit committee effectiveness, including the role of the audit committee, the scope of its responsibilities and increasing transparency. Co-sponsored by the Federation of European Accountants, the Institute of Chartered Accountants in Australia and the CAQ, the series featured discussions among members of governance and audit committee communities in Brussels, Hong Kong, and New York.

Financial Statement Disclosure Effectiveness: Forum Observations Summary

Financial Statement Disclosure Effectiveness: Forum Observations Summary summarizes the observations of participants during two October 2012 Disclosure Effectiveness Forums, co-sponsored by the Financial Accounting Standards Board and the CAQ. The report highlights Forum discussions on the FASB’s disclosure framework project and additional financial reporting issues.

The CAQ’s 6th Annual Main Street Investor Survey

This report presents the results of the CAQ’s 6th Annual Main Street Investor Survey. As part of its efforts to enhance understanding of and confidence in the capital markets, the CAQ annually commissions a survey of U.S. individual investors. The Main Street Investor Survey measures investor confidence in U.S. capital markets, global capital markets, investing in U.S. public companies and audited financial information they release.

Summary of Workshop on the Evolving Role of the Auditor

Summary of Workshop on the Evolving Role of the Auditor summarizes a March workshop in New York on the ideas most frequently identified for further exploration during the CAQ’s 2011 outreach on how the public company auditor’s role might evolve to meet the needs of investors (Observations on the Evolving Role of the Auditor). The report highlights workshop discussions on the benefits of auditor involvement with Management’s Discussion and Analysis, earnings releases, and key performance indicators.

Observations on the Evolving Role of the Auditor: A Summary of Stakeholder Discussions

Observations on the Evolving Role of the Auditor explores the continued value of the audit and the role of the auditor going forward. In 2011, the CAQ convened a series of events with the full range of financial reporting stakeholders – CEOs, CFOs, board and audit committee members, investors, auditors, former regulators, attorneys and academics – to discuss responsible changes to the auditor’s reporting model and the role of the auditor. Observations on the Evolving Role of the Auditor summarizes observations made during these discussions.

In-Depth Guide to Public Company Auditing

The In-Depth Guide to Public Company Auditing is designed for investors and those interested in understanding the external audit process for public companies and role the audit plays in our capital markets. The In-Depth Guide to Public Company Auditing provides more detail about the audit process than the Guide to Public Company Auditing, which is an introduction and overview of public company auditing.

Guide to Public Company Auditing

The Guide to Public Company Auditing illustrates for capital market stakeholders the vital role public company auditors play in providing transparency in the markets. The publication serves as an introduction to, and overview of, the key processes, participants and issues related to public company auditing. Presented in a straightforward, easy-to-use format, the Guide to Public Company Auditing demonstrates to investors the important role public company auditing plays in preserving the strength and stability of U.S. capital markets.

Deterring and Detecting Financial Reporting Fraud – A Platform for Action

Deterring and Detecting Financial Reporting Fraud was informed by a series of roundtable discussions and in-depth interviews on the issue of financial reporting fraud at public companies. The report marks the beginning of a long-term collaboration with FEI, NACD and The IIA, as well as other interested parties, to leverage existing resources and facilitate the development of tools and information to enhance efforts to mitigate the risk of financial statement fraud.

CAQ Classroom Resources on Public Company Auditing Topics

CAQ Classroom Resources on Public Company Auditing Topics highlights materials developed by the CAQ that can be help auditing and accounting professors meet their specific curriculum and classroom needs. Informed by a survey of auditing and accounting professors, the brochure identifies CAQ resources most valuable to the academic community. Among the free, objective and educational materials are CAQ publications, profession comment letters, research activities and educational videos.

Guide to International Financial Reporting Standards (IFRS)

The Guide to International Financial Reporting Standards is an overview of the issue of global accounting standards to provide investors, policymakers and other capital market stakeholders an accessible and objective introduction to the current debate over a single set of high quality global accounting standards. In the spirit of educating stakeholders, the CAQ developed the Guide to IFRS to help facilitate an informed discussion among interested parties.

Year in Review

The Year in Review is the CAQ’s annual publication highlighting our public policy, research, professional practice and member relations, and communications and stakeholder outreach activities.

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CAQ Monthly Newsletter

The CAQ Monthly Newsletter, distributed to more than 1,300 audit professionals, journalists and other capital markets stakeholders, recaps events and issues affecting the public company auditing profession. To sign up for the CAQ Monthly Newsletter, insert your email address in the box in the upper right hand corner of our home page that reads “Sign Up For Email Updates” and click “Submit.”