Washington, DC – Cindy Fornelli, executive director of the Center for Audit Quality (CAQ), issued the following statement after the US Senate confirmed Robert Jackson and Hester Peirce as commissioners of the Securities and Exchange Commission (SEC):
"The CAQ congratulates Robert Jackson and Hester Peirce on their new roles at the SEC. We are pleased that the SEC has resumed its ability to pursue its mission at full strength and with bipartisan participation.
"The impressive legal and policy credentials these two individuals bring to the Commission will be beneficial in promoting the SEC’s crucial role of protecting investors, maintaining fair and efficient markets, and facilitating capital formation.
"The CAQ looks forward to being a resource for the new commissioners and continuing to work with the entire SEC to support strong audit quality and further strengthen investor confidence and our capital markets."
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, DC, the CAQ is affiliated with the American Institute of CPAs. For more information, visit www.thecaq.org.