CAQ Snapshot: April 2019
Friday, April 26, 2019
Julie Bell Lindsay Named
CAQ Executive Director
Julie Bell Lindsay will succeed Cindy Fornelli as the Executive Director of the Center for Audit Quality (CAQ) effective May 6, 2019, the CAQ announced on April 8. Lindsay comes to the CAQ from Citigroup, where she was Managing Director and Deputy Head for Global Regulatory Affairs.
“Julie brings deep experience in the capital markets and an appreciation for the vital role of the public company auditing profession in our system of investor protection,” said Cathy Engelbert, Deloitte US CEO and CAQ Governing Board Chair. “The Governing Board thanks Cindy Fornelli for her leadership and accomplishments at the CAQ and looks forward to advancing the CAQ’s objectives with Julie at the helm.”
At Citigroup, Lindsay worked to develop and execute the bank’s regulatory policy priorities and strategy, engaging extensively with regulators, international standards setters, trade organizations, and peer institutions. Prior to Citigroup, among other endeavors, she served as Counsel to Commissioner Cynthia A. Glassman at the Securities and Exchange Commission (SEC).
“Since 2007, the CAQ has established itself as a force in public company auditing, thanks to its convening power, its constructive policy engagement, and vision for the profession’s future,” said Lindsay. “I am thrilled to have the opportunity to lead the CAQ and to build on this foundation for the benefit of public company auditors, investors, and the capital markets.”
Updated CAQ Website Enhances
Access to CAQ Content
The CAQ has revamped its flagship website, www.thecaq.org. In addition to a refreshed design and more robust search capability, the updated site offers enhanced access to the CAQ’s many resources, including new “Collections” on a range of key topics and improved browsing of CAQ publications, comment letters, videos, and more.
The CAQ looks forward to using this enhanced site to advance the dialogue about issues important to public company auditing and the capital markets. If you’d like to share feedback about our updated site, please contact us.
Now Available: Replay of
In case you missed it, a replay of CAQ’s April 2019 webcast on critical audit matters (CAMs) is available online (registration required). The webcast covered early lessons about implementation of the CAMs requirement, how audit committees and investors can prepare for this significant change to the auditor’s report, and more.
Webcast participants included Wesley Bricker, Chief Accountant at the SEC;Todd Castagno, Executive Director at Morgan Stanley; David Kane, Americas Vice Chair – Professional Practice at EY; Leslie Seidman, Independent Director at GE and Moody’s; and Megan Zietsman, Chief Auditor and Director of Professional Standards at the Public Company Accounting Oversight Board.
CAQ’s Teitelbaum Provides Views
on Audit Evolution
New standards, technology, and changing skillsets are among the forces reshaping the audit. Learn more about the implications of these trends and others in this replay (registration required) of an Accounting Today webinar recorded on April 16. Hosted by Accounting Today Editor-in-Chief Daniel Hood, the webinar featured panelistsVanessa Teitelbaum, Technical Director of Professional Practice at the CAQ;Robert Dohrer, Chief Auditor at the American Institute of CPAs; and Crowe LLP Partner Michael Yates.
Fornelli: “The Necessity of Evolution in
Our Capital Markets”
In an 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 a prime example of evolution that is beneficial for markets and investors.
Fornelli’s post was part of the CAQ’s focus on evolution throughout April. The CAQ’s theme for May will be skepticism. Follow along and join the conversation on social media using #ConfidentTogether.
Join the CAQ at These Upcoming Events
May 7, Washington, DC
Catherine Ide, Managing Director of Professional Practice and Member Services at the CAQ, will take part in the “Corporate Governance of Internal Controls” panel on May 7. Joining Ide will be Hemant Pradhan, Senior Manager, SS&C Primatics Financial; Jerry Trieber, Director of Audit Services and Support, HEI Hotel & Resorts; and moderator Peter Rasmussen, Senior Legal Analyst, Bloomberg Law.
May 17–18; Lansdowne, VA
The CAQ’s Margot Cella, Senior Director of Research, will participate in a May 17 panel on standard setting. Joining Cella will be Paul Beswick, Partner, Assurance, EY; Sagar Teotia, Deputy Chief Accountant, SEC; and moderator Christine Botosan, Board Member, Financial Accounting Standards Board.