Putting Financial Revisions and Restatements in Perspective

Over the past two decades, US financial restatements have trended steadily down. Yet the issue of revisions and restatements is not a simple one, writes CAQ Executive Director Julie Bell Lindsay in this Accounting Today commentary. “In fact, she says, “it comes with considerable complexities and nuance, especially when drawing a link between revisions or restatements and audit quality.” Lindsay highlights three important points to remember regarding these widely watched indicators.

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Auditor Independence: Key Questions and Answers

“Being independent is integral to the auditor’s role,” writes CAQ Technical Director of Professional Practice Vanessa Teitelbaum, CPA, in this January 2020 article on LinkedIn. Teitelbaum focuses on a December 2019 proposal from the US Securities and Exchange Commission to modernize its auditor independence framework. She provides an overview of noteworthy proposed changes, along with […]

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Auditors Can Bring Trust, Confidence, and Reliability to Currently Unaudited Corporate Reporting

Expanding the role of auditors beyond financial statements would benefit investors, capital markets Washington, DC – Auditors are uniquely qualified to enhance confidence in a wide range of company-prepared information outside financial statements, according the Center for Audit Quality (CAQ). In a white paper entitled The Role of Auditors in Company-Prepared Information: Present and Future, […]

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Survey: Confidence in US Markets and Public Company Auditors Stays Strong

Washington, DC – The percentage of US retail investors expressing confidence that public company auditors are effective in their investor protection roles has climbed to 83%, according to the 2019 Main Street Investor Survey. The annual Center for Audit Quality (CAQ) poll captures the views of US retail investors with at least $10,000 invested in […]

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CAQ Announces 2019 Grants to Fund Academic Research in Auditing

Washington, DC – The Center for Audit Quality (CAQ) has awarded five new grants to fund independent academic research on projects of interest to the auditing profession. Over the past 11 years, the CAQ has provided funding for 44 such projects through its Research Advisory Board (RAB) grant program. “Independent academic research can have a […]

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