Over the last few years, with growing interest in reliable, decision-useful, ESG information, the Center for Audit Quality has been focused on ESG reporting and assurance: analyzing reporting and assurance trends among S&P 500 companies, highlighting the role of the auditor in climate-related information and responding to key requests for...

Understanding how consumers perceive and utilize financial and non-financial corporate information is crucial for promoting transparency, trust, and stability in financial markets. To address this, the Center for Audit Quality (CAQ) is engaging investors to understand their attitudes on assurance and corporate reporting issues specific to U.S. capital markets. To reach...

In an effort to engage capital market stakeholders and better understand their information expectations, the CAQ commissioned KRC Research to conduct qualitative research with institutional investors whose portfolio consists primarily of equities in North America, working in a range of investment settings from family offices to pensions and large banks. The...

Earlier this year, the SEC adopted new rules around cybersecurity disclosures. What do audit committees and company management need to know in regards to these new rules and how might they impact reporting and an organization’s cybersecurity program? To help assist company management and other financial reporting stakeholders, the AICPA...

Increasing Diversity in the Accounting Profession Pipeline January 2022 Download PDF In January 2022, the Center for Audit Quality commissioned Edge Research to learn more about student awareness and perceptions of accounting in an initial study. An updated version of this student was conducted in July 2023. The most recent research can be...

The accounting profession is facing a dire situation as it continues struggling to recruit students while simultaneously losing an unprecedented number of CPAs to retirement. With U.S. Department of Education data showing declines in the number of students graduating with accounting degrees; AICPA’s most recent trends report showing declines in...

Enhanced disclosures about how a firm supports and monitors audit quality, including related metrics, can promote important dialogue and deepen the understanding of the investment a firm makes in its people and other resources, processes, policies, and technology. Our initial Audit Quality Disclosure Framework was published in 2019. This revised...

As part of the CAQ’s efforts to engage a broader array of stakeholders and serve as a prominent voice for the audit profession, KRC Research conducted qualitative research in the format of in-depth interviews with Institutional Investors and Audit Committee Members of publicly traded companies. The research was designed to assess...