CAQ Statement on the Release of the Brydon Review

Wednesday, December 18, 2019

Washington, DC – Center for Audit Quality (CAQ) Executive Director Julie Bell Lindsay issued the following statement in response to the release of Sir Donald Brydon’s Report of the Independent Review into the Quality and Effectiveness of Audit:

“We appreciate the thoughtful work that Sir Donald Brydon has done to highlight the importance of the audit profession. His report reinforces the value of quality audits, the need for dialogue amongst stakeholders on these issues, and auditors evolving to meet the changing needs of investors and other stakeholders. In our vibrant and ever-evolving global markets, the CAQ believes strongly that auditors can increase investor confidence and public trust.

“Particularly, we read with interest the recommendation that an organization similar to the CAQ be established in the UK to facilitate important dialogue between the profession and its various stakeholders. Since its establishment more than a decade ago, the CAQ has played a vital role in convening and collaborating with audit committees, academics, investors, issuers, and other profession stakeholders to advance the discussion of critical issues requiring action and intervention and to enhance audit quality.”

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About the CAQ

The Center for Audit Quality (CAQ) 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 that require action and intervention; and advocates policies and standards that promote public company auditors’ objectivity, effectiveness, and responsiveness to dynamic market conditions. Based in Washington, DC, the CAQ is affiliated with the American Institute of CPAs.

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Andrew T. Gillies
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