Washington, DC – Center for Audit Quality (CAQ) Executive Director Cindy Fornelli issued the following statement in response to the announcement from Deloitte US regarding the election of Joseph Ucuzoglu as chief executive officer and Janet Foutty as chair of the board, effective June 2, 2019:
"The CAQ congratulates Joe and Janet on their well-deserved elections. Throughout their distinguished careers, both these individuals have demonstrated integrity, leadership, and foresight.
"As Chair and CEO of Deloitte & Touche LLP, Joe has been a strong and articulate voice on the public company auditing profession's critical role in the capital markets and how the profession works continually to improve that role for the benefit of investors and others. We look forward to working with Joe as he succeeds Cathy Engelbert as Deloitte's representative on the CAQ's Governing Board.
"The CAQ has benefited enormously from Cathy's service as Governing Board chair. We are so grateful for her vitality, her dedication to enhancing public company audit quality, her grasp of the forces shaping the auditing profession, and her vision of the audit of the future."
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.
Andrew T. Gillies
Director of Communications