- Audit Committee Insights | May/June 2024Summer is upon us in Washington, DC. Not only has it been record hot, it has been record busy! Read on to stay informed on these relevant developments for audit committee members. We welcome input; please let us know what you think. Subscribe here so that you never miss an update...June 20th, 2024
Newsletter, Audit Committee - RSM CEO Brian Becker Elected as New Vice Chair of CAQ Governing BoardWashington DC, June 17, 2024 – The CAQ Governing Board elected Brian Becker, Managing Partner and CEO, RSM US LLP (RSM), as the new Vice Chairman of the Governing Board, effective June 14, 2024. Becker oversees the firm’s strategy and operations across four countries—the United States, Canada, El Salvador and India....June 17th, 2024Audit Committee, Auditors, Company Management, Investors, Policymakers, Preparers/Issuers, Audit Quality, Press Releases
- The Age of Generative AI: How the Profession Can RespondSince the public release of various cutting-edge generative artificial intelligence (genAI)-powered chatbots in November 2022, curiosity and engagement with advanced genAI technologies has surged exponentially. While AI and machine learning have long been established, the accessibility and ease of use of genAI chatbots has ignited widespread interest among individuals and...June 14th, 2024Blog Post, Audit Committee, Auditors, Investors, Policymakers, Audit Quality, Emerging Reporting Areas
- What ten years of restatement trends tell us about the state of financial reportingMany audit firms voluntarily report firm-level metrics publicly through their audit quality and transparency reports. These include many different metrics, such as learning and development offered to auditors, technology used by audit teams, and audit hours provided by specialists, to name a few. One metric that audit firms regularly include in...June 12th, 2024Blog Post, Audit Committee, Auditors, Policymakers, Audit Quality
- Comment Letter | Proposing Release: Firm and Engagement Metrics; PCAOB Rulemaking Docket Matter No. 041; Proposing Release: Firm Reporting; PCAOB Rulemaking Docket Matter No. 055In this comment letter the CAQ formally requests that the Public Company Accounting Oversight Board (PCAOB or Board) extend the comment period for the PCAOB’s Proposing Releases, Firm and Engagement Metrics and Firm Reporting. We also recommend that the PCAOB delay sending the 19b-4 filing to the SEC on QC...May 22nd, 2024Comment Letter, Audit Committee, Auditors, Broker Dealers, Company Management, Policymakers, Preparers/Issuers, Audit Quality
- Audit Committee Insights | March/April 2024Wow. Four months into 2024 already. Is the year going by fast or is it just us? For that matter we’re nearly a quarter into this century! It feels like we were just partying like it was 1999 (hopefully a reference that doesn’t date us too much). Maybe it’s because...May 1st, 2024Newsletter, Audit Committee
- KPMG U.S. Chair and CEO Paul Knopp to Helm CAQ’s Governing BoardWashington DC, April 2, 2024 – Paul Knopp, KPMG U.S. Chair and CEO, has been elected Chair of the CAQ’s Governing Board, effective April 1, 2024. The CAQ’s Governing Board is comprised of a variety of leaders representing the financial reporting ecosystem, including chief executive officers from some of the largest...April 2nd, 2024Audit Committee, Auditors, Company Management, Policymakers, Audit Quality, Press Releases
- SEC Climate Rule Part 2: What We Were Looking For in the Final Rule versus What We FoundIn part 1of this blog we explored what we’d be looking for once the SEC released its long-awaited climate rule. With the wait finally over, read on for what we found. Attestation requirements. Given that assurance over climate-related reporting enhances the reliability of that information and offers increased investor protection, we...March 29th, 2024Blog Post, Audit Committee, Auditors, Company Management, Preparers/Issuers, ESG
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