Washington, D.C. – The Center for Audit Quality (CAQ) today issued the following statement from Executive Director Cindy Fornelli on the Senate Banking Committee’s vote to approve the nomination of Janet Yellen to be Federal Reserve Chairman:
“Dr. Yellen is an experienced economist with a strong track record of service within the Federal Reserve System. The Center for Audit Quality hopes her confirmation by the full Senate will bring continuity and certainty to the U.S. capital markets, which are both critical to our economy during this pivotal time. The CAQ welcomes the opportunity to work with Dr. Yellen to ensure our financial system and capital markets are robust and secure to the benefit of American investors, consumers, and workers.”
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The Center for Audit Quality (CAQ) is an autonomous, nonpartisan 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 Certified Public Accountants.
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