Washington, DC – Center for Audit Quality Executive Director Cindy Fornelli released the following statement regarding the announcement of Cathy Engelbert, CPA as the new CEO of Deloitte, LLP.
“The CAQ congratulates Cathy on her well-deserved appointment. She is a proven leader who has earned the trust and respect of her colleagues across the profession. We wish her well in her new role and look forward to benefitting from the perspective she will bring to the CAQ's Governing Board.
“The CAQ also acknowledges and celebrates this landmark day for the public company auditing profession, as Cathy becomes the first female chief executive to lead a major U.S. accounting firm. This is an important step in the profession's unrelenting drive to continuously improve.”
About the CAQ
The Center for Audit Quality (CAQ) is an autonomous, nonpartisan 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.