PCAOB: Concept Release on Audit Quality Indicators

In this comment letter, the CAQ commends the U.S. Securities and Exchange Commission for recognizing the vital role audit committees serve in protecting the interests of investors and for seeking comment on whether and how disclosures could be improved to further highlight audit committee responsibilities and the manner in which they are executed with respect to oversight of the auditor. The CAQ supports a voluntary, market-driven approach to disclosure and provides evidence of recent positive trends in voluntary audit committee disclosure.