Washington, DC – The Center for Audit Quality (CAQ) issued the following statement from Executive Director Cindy Fornelli announcing her retirement in the spring of 2019:
"Twelve years ago, the CAQ's Governing Board presented me with the opportunity of a lifetime: to become the CAQ's first Executive Director and to carry out their bold vision for enhancing investor confidence and public trust in the global capital markets.
“The years that followed have been an extraordinary journey, one that for me will draw to a close when I step down as CAQ Executive Director and enter my retirement in the spring of 2019. It has been a tremendous privilege to work with the Governing Board, a multitude of talented representatives from audit firms, my thoughtful and dedicated colleagues at the CAQ, numerous policymakers at home and abroad, and an amazing array of market stakeholders who strive continually to build on the success of our vibrant market system.
"Together, we have accomplished so much. We have forged new relationships that have helped to advance audit quality, to fight financial reporting fraud, to aid audit committees in their vital work, to stimulate groundbreaking academic research, and to imagine a future in which public company auditing continues to strengthen investor confidence for the benefit of all.
"As my retirement approaches, I offer my immense gratitude for the wise counsel and support that so many have given to the CAQ over the years. It has been an honor and privilege to serve the public company auditing profession, and I look forward to working in the coming months with the Governing Board, my staff, and others to transition smoothly to a new era of CAQ leadership."
Managing Director of Stakeholder Engagement
About the CAQ
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 that require 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.