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CAQ and SEC Historical Society Release Video Series for SOX 15th Anniversary

Wednesday, July 26, 2017

Washington, DC – The Center for Audit Quality (CAQ), in partnership with the Securities and Exchange Commission (SEC) Historical Society, released a series of videos commemorating the 15th anniversary of the Sarbanes-Oxley Act (SOX). Passed with overwhelming bipartisan support in 2002, the law implemented sweeping financial reforms to better protect investors, improve financial disclosures, and deter financial reporting fraud.

“These videos tell the success story of the Sarbanes-Oxley Act and how it transformed financial reporting to benefit investors and our capital markets,” said Cindy Fornelli, CAQ executive director. “We’re proud to say that audit quality, investor confidence, and financial reporting are stronger today thanks in large part to this landmark legislation.”

The series, which is available at the CAQ’s website and coming soon to the virtual museum and archive of the SEC Historical Society, is divided into six brief chapters to showcase how the law impacted various players in the financial reporting supply chain, capital markets, and academia:

“After the law’s passage, stakeholders from across the private and public sectors began working individually and together as never before to improve financial reporting and audit quality,” Fornelli said. “The CAQ was founded in part to help the profession respond to and implement new standards under the framework created by Sarbanes-Oxley.”

The series features interviews with more than a dozen experts, including current and former regulators, academics, audit professionals, and investor representatives:

  • Jean Bedard, professor, Bentley University
  • Ken Bertsch, executive director, Council of Institutional Investors
  • Randy Elder, professor, University of North Carolina Greensboro
  • Lew Ferguson, board member, Public Company Accounting Oversight Board
  • Cindy Fornelli, executive director, Center for Audit Quality
  • Jeanette Franzel, board member, Public Company Accounting Oversight Board
  • Peter Gleason, president and CEO, National Association of Corporate Directors
  • Dan Goelzer, senior counsel, Baker McKenzie
  • Audrey Gramling, professor, Colorado State University
  • Rick Hatfield, professor, University of Alabama
  • Bob Herz, chief executive officer, Robert H. Herz LLC 
  • Mark Olson, chairman, Treliant Risk Advisors LLC
  • Brian O’Shea, senior director at Center for Capital Markets Competitiveness, U.S. Chamber of Commerce
  • Zoe-Vonna Palmrose – Accounting Circle Professor Emerita of Accounting, University of Southern California
  • Peggy Peterson, senior advisor, BakerHostetler

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About the CAQ

The Center for Audit Quality 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 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, D.C., the CAQ is affiliated with the American Institute of CPAs. For more information, visit