Statement on the Release of the Final Report from the UK Competition and Markets Authority

Washington, DC – The Center for Audit Quality issued the following statement in response to the release of the UK’s Competition and Markets Authority’s final report of its Statutory Audit Services Market Study: “A strong system of financial reporting is vital to investor confidence and the effective functioning of our capital markets. In the United […]


Julie Bell Lindsay Named Executive Director of the Center for Audit Quality

Julie Bell Lindsay will succeed Cindy Fornelli as the Executive Director of the Center for Audit Quality (CAQ), effective May 6, 2019. Retiring after 12 years in the Executive Director role, Fornelli will continue at the CAQ through May 2019 to effect a smooth leadership transition.


CAMs Are Coming, and Companies Should Warn Investors

“This is the most significant change to auditor reporting in 70 years,” said David Kane, Americas vice chair at EY, during a recent Webcast hosted by the Center for Audit Quality.


The Necessity of Evolution in Our Capital Markets

In this April 2019 LinkedIn post, CAQ Executive Director Cindy Fornelli provides perspective on how evolution and the embrace of change are key drivers of the success of US capital markets. Highlighting the public company auditing profession’s commitment to continuous improvement, Fornelli cites changes to the auditor’s report as an example of evolution that is […]


CAQ Updates Auditor Assessment Tool

The Center for Audit Quality has released an updated version of its External Auditor Assessment Tool for audit committees to address recent changes in accounting standards and potential areas of risk.