Updates from the CAQ
Public Policy & Technical Alert
Fraud and Emerging Tech: Artificial Intelligence and Machine Learning
Comment Letter 02.01.21
IAASB: Discussion Paper, Fraud and Going Concern in an Audit of Financial Statements
Policymakers across the globe increasingly recognize the vital role of audit committees and their importance to audit quality. In close collaboration with partner organizations, the CAQ is actively engaged in policy developments related to audit committees.
Auditors & ESG Information
Lending trust and credibility to ESG information.
The Value of Auditor Independence
Our capital markets are an important engine for driving and maintaining our economic and societal well-being. These markets operate on information, and audited financial statements have long been a critical element of this information dynamic for their accuracy, transparency, and reliability. As investors make decisions, they depend on the information they receive from public company management. As a result, investors need—and in fact have long sought—an independent third party to provide assurance on the information provided by company management. Independence underpins the very credibility of the audit and, ultimately, its value to capital markets. It is also one reason why audit quality in the US has never been higher.