CAQ Snapshot: September 2019
Tuesday, September 24, 2019
Get Ready for #AuditorProud Day on September 26
The big day is just ahead! If you are #AuditorProud, join the Center for Audit Quality (CAQ), its member firms, and others on September 26 as we take to social media for a global celebration of the auditing profession and the many positives of auditing careers. At DiscoverAudit.org, get participation ideas and resources, and be sure to follow along with #AuditorProud action on Facebook, Instagram, andTwitter.
Confidence in US Markets and Public Company Auditors Stays Strong, According to CAQ Survey
Eighty-three percent of US investors express confidence that public company auditors are effective in their investor protection roles, according to the 2019 Main Street Investor Survey. The annual CAQ poll captures the views of Americans who have at least $10,000 invested in the capital markets through retirement plans or direct holdings.
Fielded from August 19 to August 22, 2019, the survey shows that 74 percent of US investors express confidence in US capital markets and that 78 percent of US investors express confidence in audited financial information, among many other data points.
As a companion to the Main Street Investor Survey, the CAQ released a Profession in Focus video that features CAQ Executive Director Julie Bell Lindsay discussing why strong investor confidence is vital for the capital markets and the broader economy.
Now Available: Videos and More from the 11th Annual CAQ Symposium
Materials from the 11th Annual CAQ Symposium, held last month in San Francisco, are now available on the CAQ website. The event, which coincides each year with the Annual Meeting of the American Accounting Association (AAA), is a key part of the CAQ’s ongoing dialogue with the academic community about how research can inform audit practice.
Materials include videos from the day’s two panel discussions: (1) “Proposed Auditing Standards – The Theoretical Approach to Assessing Their Impact” and (2) “From Concept to Practice: Implementing New Standards.” Also available is a summary of the Symposium’s breakout discussions, as well as a video from the CAQ’s panel at the AAA Annual Meeting, “Sustaining a Strong System of Quality Control to Enhance Audit Quality.”
CAQ Taps Amy O’Connor to Lead Stakeholder Engagement and Communications Efforts
Amy O’Connor has joined the CAQ as Senior Director of Stakeholder Engagement and Communications. O’Connor brings the CAQ a broad range of experience, including founding Move the Shakers, a communications and public affairs consultancy, and holding senior communications and engagement strategy roles at the Business Roundtable and Eli Lilly and Company. “We are delighted to have Amy on board,” said CAQ Executive Director Julie Bell Lindsay.
As Vice President at the Business Roundtable, O’Connor implemented a digital public affairs and communications transformation that included rebranding the organization, establishing new digital initiatives and capabilities, and launching advocacy campaigns tied to sustainability and other key policy priorities. Prior to her work at the Business Roundtable, O’Connor was Eli Lilly’s Senior Director for Communications, Digital & Social Media.
#ConfidentTogether: Focus on Integrity and Resilience
Throughout 2019, the CAQ is shining a spotlight on the core values and themes that characterize the public company auditing profession. In September, the CAQ has highlighted integrity. October’s theme will be resilience. Follow along and join the conversation on social media using #ConfidentTogether.
Check Out These Upcoming Events
November 12–13; New York, NY
On November 12, CAQ Managing Director of Professional Practice and Member Services Catherine Ide will provide insights on critical audit matters (CAMs) and how boards and audit committees can keep engaged throughout the CAMs process.
November 20; New York, NY
The CAQ’s Catherine Ide will join a panel—“Audit Committees: What’s Next?”—at this daylong program for board members and attorneys who are responsible for advising officers, directors, and other senior company officials on governance matters.
December 9–11; Washington, DC
The CAQ is delighted to participate in this marquis annual event, which provides a comprehensive review of the year’s biggest accounting, auditing, and regulatory developments, as well as a preview of what to expect in the immediate future.