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How do auditors increase trust?
Audit in Action
Through innovation, expertise, and independence, auditors are maintaining the highest levels of audit quality.
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What is the future
of Audit?
Reliability
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What is the future
of Audit?
Transparency
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Play
How do auditors increase trust?
Audit in Action
Through innovation, expertise, and independence, auditors are maintaining the highest levels of audit quality.
Play
What is the future
of Audit?
Reliability
Play
What is the future
of Audit?
Transparency
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Play
How are auditors essential to our capital markets?
Value of the Audit
Play
How do auditors increase trust?
Audit in Action
Through innovation, expertise, and independence, auditors are maintaining the highest levels of audit quality.
Play
What is the future
of Audit?
Reliability
Play
What is the future
of Audit?
Transparency
previous arrow
next arrow
Slider
Play
How are auditors essential to our capital markets?
Value of the Audit
Play
How do auditors increase trust?
Audit in Action
Through innovation, expertise, and independence, auditors are maintaining the highest levels of audit quality.
Play
What is the future
of Audit?
Reliability
Play
What is the future
of Audit?
Transparency
Slider
Play
How are auditors essential to our capital markets?
Value of the Audit
Play
How do auditors increase trust?
Audit in Action
Through innovation, expertise, and independence, auditors are maintaining the highest levels of audit quality.
Play
What is the future
of Audit?
Reliability
Play
What is the future
of Audit?
Transparency
previous arrow
next arrow
Slider
Play
How do auditors increase trust?
Audit in Action
Through innovation, expertise, and independence, auditors are maintaining the highest levels of audit quality.
Play
What is the future
of Audit?
Reliability
Play
What is the future
of Audit?
Transparency
Slider
Play
How do auditors increase trust?
Audit in Action
Through innovation, expertise, and independence, auditors are maintaining the highest levels of audit quality.
Play
What is the future
of Audit?
Reliability
Play
What is the future
of Audit?
Transparency
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next arrow
Slider

Explore The CAQ

How is the audit profession evolving?

How can audit committees oversee audit quality?

How do audits enhance investor trust and confidence in the capital markets?

What do policymakers need to know about audit?

How can academics shape the future of audit?

Why is audit the right profession for me?


Take a moment to explore what the Center for Audit Quality has to offer you by selecting a perspective tab.

The CAQ is dedicated to enhancing investor confidence and public trust in the global capital markets. The public company auditing profession’s goals are closely aligned with those of all market participants—maintaining trust and confidence in the accuracy and transparency of U.S. public company reporting and the U.S. capital markets. It is not simply the auditor, but the entire U.S. reporting ecosystem, that makes trust in our markets work.

Find out more below.

Auditors play a key role as independent gatekeepers in the financial reporting ecosystem that underpins confidence in capital markets. Auditors build trust and confidence in information through the assurance services they provide. The auditing profession has steadily developed, systemized, and strengthened this trust and confidence-building role in providing assurance related to company financial statements and internal control over financial reporting. While auditors will continue the essential work of auditing historical financial statements, they could also bring their ability to enhance trust and confidence in other types of data and information issued by companies.

Read on to learn more.

Policymakers, investors, and other leaders across the globe increasingly recognize the vital role of audit committees and their importance to audit quality. In close collaboration with partner organizations, the CAQ is actively engaged in developments related to audit committees. We provide valuable resources, current policy information, tools, and services to support audit committees with their responsibilities.

Read on to learn more.

A key reason why the U.S. capital markets are strong and effective is because investors can trust the information used in audited financial statements when making critical decisions. The CAQ provides information, tools, and resources for investors on the auditing profession, oversight and governance of public companies, and leading practices in the field of audit. We are particularly attuned to the evolution of audit and a changing ecosystem with advances in technology, ESG investing and socially responsible finance.

Read on to learn more.

The CAQ consistently highlights and examines the regulatory, standard-setting, legislative, and broader financial reporting developments impacting the public company audit profession for policymakers, investors, and other stakeholders.

Read on for reports, services, tools, and resources related to relevant policy and public information.

From driving the next generation of auditors and auditing, advancing the field, and conducting essential research, academics are a key part of the audit ecosystem. The CAQ helped develop and facilitates access to audit personnel for academics, supports research projects that have a real-world impact on audit quality and the future of auditing, and provides tools and trainings for current and future auditors, investors, and stakeholders.

Read on to learn more.

A career in public company auditing is a path to a dynamic, and fulfilling purpose-driven future. Auditors help to provide the capital markets with confidence and assurance in financial reporting. Auditors perform independent evaluations to provide assurance that information, such as the financial statements, present a true and fair view of a company’s financial performance and position. The bedrock of our financial system is the audit.

Explore our tools, resources, and information for students considering the audit profession.

EXPLORE THE CAQ

AUDITORS

AUDIT COMMITTEES & BOARD MEMBERS

INVESTORS

POLICYMAKERS

ACADEMIA

FUTURE AUDITORS

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How is audited financial information essential to our capital markets?


Our capital markets rely on the independent third-party assurance that audited financial information is able to provide. Enhancing the trust and reliability of this information is a key aspect of the public interest role that public company auditors play. Learn more about the history and future of audit quality with the Value of the Audit.

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How are auditors uniquely positioned to enhance the reliability of company-prepared ESG information?


We’re witnessing a watershed moment for environmental, social, and governance reporting. As investor interest in ESG information continues to grow, auditors are able to help ensure this information is reliable. Learn more with the ESG Resource Hub.

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How do auditors provide stability during a crisis?


During times of crisis, such as COVID-19, our profession serves as a source of stability to our capital markets. By demonstrating resilience in the face of unprecedented challenges, auditors provide high-quality financial information and protect our economy despite an uncertain financial landscape. Discover what Audit in Action looks like.

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What does the future of audit look like?


In the Role of Auditors in Company-Prepared ESG Information, we explore the growing interest in ESG reporting and the role auditors can play in providing assurance through comparable, reliable information.

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How is the profession responding to COVID-19?


Audit firms, standard-setters, regulators and the CAQ are developing a growing number of resources to help auditors, investors, management and audit committees understand the impact of the COVID-19 pandemic on financial reporting and oversight, and the CAQ is working to curate and distill that information for you.

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How can audit quality be measured?


The CAQ has been at the forefront of the movement to develop quantitative and qualitative metrics regarding the audit—commonly referred to as audit quality indicators (AQIs)—that could be used to better inform audit committees about key matters that may contribute to the quality of an audit.

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What are the benefits of an independent audit?


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How do auditors enhance the reliability of company-prepared ESG information?


We’re witnessing a watershed moment for environmental, social, and governance reporting. As interest in ESG information continues to grow, public company auditors are uniquely qualified to enhance the reliability of company-prepared ESG information. Learn more with our ESG Resource Hub.

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How did auditors quickly take action during COVID-19?


When the COVID-19 crisis hit, auditors quickly adapted and became a source of stability for our capital markets. By demonstrating resilience in the face of unprecedented challenges, auditors were able to protect our economy despite an uncertain financial landscape. Discover what Audit in Action looks like.

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How can auditors support ESG reporting?


In the latest Role of the Auditor series, the CAQ examines the growing interest in ESG reporting and the role auditors can play in providing assurance through comparable, reliable information.

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What does the future of audit look like?


In the Role of Auditors in Company-Prepared Information: Present and Future, the CAQ explores trends and themes in the evolution of the profession.

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What do auditors need to know about COVID-19?


Audit firms, standard-setters and regulators are developing a growing number of resources to help auditors understand the impact of the COVID-19 pandemic on financial reporting and oversight, and the CAQ is working to curate and distill that information for you.

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Why do audit committee members rely on the audit?


By enhancing the trust and reliability of company-reported information, an independent audit allows companies, audit committees, investors, and other stakeholders to have assurance and increased confidence in their reported financial information. Learn more about the history and future of audit quality with the Value of the Audit.

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How do audit committees fit into the new ESG reporting landscape?


We’re witnessing a watershed moment for environmental, social, and governance reporting. As investor interest in ESG information continues to grow, our ESG Resource Hub can help all members of the financial reporting ecosystem navigate this new landscape.

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How can audit committee members enhance their ability to perform oversight of external auditors?


When it comes to best appointing, overseeing, and determining compensation for external auditors, our assessment tool can help audit committee members inform their evaluation of the external auditor, and lead to enhanced oversight by the audit committee. Take the assessment to learn more.

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What should boards consider when disclosing their ESG information?


Companies are increasingly tackling complex issues related to environmental, social, and governance challenges facing society. Take a deeper dive on the potential range of services, necessity, and important questions regarding ESG assurance.

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What progress has been made in transparency of audit committee oversight?


During this unprecedented year, our 2020 Audit Committee Transparency Barometer tracks S&P Composite 1500 proxy disclosures to gauge transparency around audit committee oversight, and other key findings and trends in financial reporting.

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How did auditors share knowledge and experience with audit committees during COVID-19?


During times of crisis, auditors quickly adapt and become a source of stability to our capital markets. By leveraging new technologies to maintain audit quality while remote, auditors demonstrated the leadership role they play in our economy’s recovery. Discover what Audit in Action looks like.

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Why do investors rely on audited financial information?


Investors need, and have long sought, an independent third party to provide assurance on the information provided by company management. Enhancing the trust and reliability of this information is a key aspect of the public interest role that public company auditors play. Learn more about the history and future of audit quality with the Value of the Audit.

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How are auditors uniquely positioned to enhance the reliability of company-prepared ESG information for investors?


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How do auditors build trust in our capital markets during times of crisis?


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How is the audit ecosystem changing with ESG investing and reporting?


Institutional investors are showing increased interest in — and reliance on — information reported by public companies outside of audited financial statements. What does that entail and how can you stay engaged on this topic?

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How do we facilitate investors’ access to meaningful information?


The CAQ is a prominent voice in the discussion about effective financial disclosures. Convening key investor and financial groups, we've developed concrete resources and recommendations to facilitate investors’ access to meaningful information.

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What quantitative and qualitative metrics are used to inform audits?


The CAQ has been at the forefront of the movement to develop quantitative and qualitative metrics regarding the audit—commonly referred to as audit quality indicators (AQIs)—that could be used to better inform key matters that may contribute to the quality of an audit.

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How do public company auditors support the capital markets and investors?


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What role do policymakers play in the ESG reporting landscape?


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What are the key amendments to the accelerated filer definitions?


In March 2020, the SEC adopted amendments to the accelerated filer definitions, which triggers the external auditor attestation requirement over internal control over financial reporting (ICFR). This table summarizes key components of the amended rule.

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How can key players in financial reporting deter and detect fraud?


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What is being done to evolve and enhance the auditor's report?


Engaging constructively with policymakers and key stakeholders, the CAQ and its members have made substantial and practical contributions to ongoing efforts to enhance information presented in the auditor's report to investors and other users.

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How do we facilitate investors’ access to meaningful information?


The CAQ is a prominent voice in the discussion about effective financial disclosures. Convening key investor and financial groups, we've developed concrete resources and recommendations on ways to facilitate investors’ access to meaningful information.

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How can I inspire my students to think about a career in audit?


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How is the profession keeping academics up-to-date on issues in practice?


The CAQ brings together leading academic scholars and top practitioners from the CAQ’s Governing Board Member firms, and regulators at our annual symposium to facilitate dialogue on issues of importance to the field.

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How do I get funding for audit-related scholarly research?


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Can the CAQ help me obtain participants for an experimental study in auditing?


The CAQ and the Auditing Section of the American Accounting Association (AAA) have implemented a program designed to facilitate accounting and auditing academics’ ability to obtain access to audit firm personnel to participate in their research projects. This program does not include research funding. Researchers seeking funding should consider applying for an RAB grant.

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This guide provides an easy-to-digest overview of internal control over financial reporting (ICFR), focusing on key concepts such as the control environment, control activities, reasonable assurance, and the hierarchy of deficiencies.

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How does the profession strive for greater diversity and inclusion?


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How can I learn more about a career in audit?


Resources and videos to learn about what it means to be an auditor: including strengths and skills required, professional development opportunities, passing the CPA exam, myths and facts, and more.

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What is it like to be an auditor?


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Public accounting firms are committed to advancing diversity, equity and inclusion within the workplace. They understand that creating work environments where people feel valued and accepted, drives innovation and overall performance.

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What are the impacts of COVID-19 on financial reporting?


Audit committees and corporate boards are assessing the impact of COVID-19 on their oversight responsibilities. We've compiled resources to help understand the latest.

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