confident together

We are a forum of leaders dedicated to continuously improving audit quality and the integrity of the financial reporting process.

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Better Informed Together

CAQ resources include guides, case studies, technical alerts, research reports, comment letters, and videos. They are all publicly available and free of charge.

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Agile Together

With a focus on several essential areas, the CAQ works in many ways to enhance public trust in the global capital markets.

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Statement on the Release of the Final Report from the UK Competition and Markets Authority

Washington, DC – The Center for Audit Quality issued the following statement in response to the release of the UK’s Competition and Markets Authority’s final report of its Statutory Audit Services Market Study: “A strong system of financial reporting is vital to investor confidence and the effective functioning of our capital markets. In the United […]


Julie Bell Lindsay Named Executive Director of the Center for Audit Quality

Julie Bell Lindsay will succeed Cindy Fornelli as the Executive Director of the Center for Audit Quality (CAQ), effective May 6, 2019. Retiring after 12 years in the Executive Director role, Fornelli will continue at the CAQ through May 2019 to effect a smooth leadership transition.


External Auditor Assessment Tool: A Reference for US Audit Committees

The External Auditor Assessment Tool is designed to assist audit committees in carrying out their responsibilities of appointing, overseeing, and determining compensation for the external auditor. The tool contains sample questions to help committees in four specific areas: quality of services and sufficiency of resources provided by the engagement team; quality of services and sufficiency of resources […]


Audit Quality Disclosure Framework

The Audit Quality Disclosure Framework can aid audit firms of all sizes as they develop or consider developing their transparency or audit quality reports. Developed in consultation with a range of CAQ member firms, the Framework adheres to three key principles: The Framework is voluntary and illustrative, as opposed to prescriptive or all-inclusive. The Framework […]


Evolution in Auditing

How will public company auditing evolve over the next five years? What will be the impact of artificial intelligence and other technology developments? In this April 2019 video from the CAQ, audit committee chairs at leading companies share their perspective.


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Curated sets of resources on key topics related to audit quality and financial reporting.

Audit Committee Issues

Policymakers 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 policy developments related to audit committees.


Audit Quality Indicators

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.


Auditor Reporting

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.


Audits of Brokers and Dealers

A significant portion of the CAQ’s member firms audit brokers and dealers. The CAQ monitors and provides resources to aid its membership in this area, which is a focus for policymakers.



A complex and evolving issue, cybersecurity has serious implications for public companies, their boards, investors, and other stakeholders. The CAQ works to illuminate the role of auditors in this critical area.


Fighting Fraud

The CAQ produces a range of resources to promote deterrence and detection of financial reporting fraud. Additionally, the CAQ is a founding member of the Anti-Fraud Collaboration, which unites organizations representing members of the financial reporting supply chain.



Robust internal control over financial reporting (ICFR) is a keystone of investor confidence. The CAQ has advanced the discussion around ICFR and produced a range of resources on the issue.



The enactment of the Sarbanes-Oxley Act (SOX) of 2002, a law aimed at fostering more reliable financial reporting and enhancing audit quality, was a watershed moment for investors, public company auditors, and the markets. The CAQ has worked to create understanding of the impact of this important law. It has opposed efforts to weaken SOX section 404(b), which provides investors with important assurance by the independent auditor regarding management’s representations about the effectiveness of their company’s internal control over financial reporting (ICFR).


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