The Center for Audit Quality is dedicated to enhancing investor confidence and public trust in the global capital markets. The CAQ has standing committees and task forces that each have a different role in enhancing the quality of public company auditing and financial reporting, including Professional Practice Executive Committee (PPEC); SEC Regulations Committee; International Practices Task Force; and Smaller Firm Task Force.
CAQ issues guidance on understanding cybersecurity and the external audit
CAQ - 02/01/2016
The CAQ published guidance to aid member firms as they proactively discuss the profession's role as it relates to cybersecurity. The purpose of the guidance is to provide general, non-technical messages in the form of “responsive” talking points and potential Q&A to facilitate the conversation with audit committees and/or boards of directors about cybersecurity.
CAQ and Audit Analytics release 2015 'Audit Committee Transparency Barometer'
CAQ - 11/02/2015
The CAQ and Audit Analytics, an independent research provider, released findings from the new Audit Committee Transparency Barometer. In 2014, the CAQ and Audit Analytics undertook their initial effort to gauge how public company audit committees approach the public communication of their oversight activities, by measuring the robustness of proxy disclosures among companies in the S&P Composite 1500. This index is comprised of the S&P 500 (large-cap companies), the S&P MidCap 400, and the S&P SmallCap 600. The second edition of the Barometer provides a year-over-year comparison in key audit committee disclosure areas. The 2015 Barometer identifies encouraging trends in 2015 with respect to voluntary, enhanced disclosure around external auditor oversight, an important facet of the audit committee’s broader financial reporting oversight role.
CAQ issues Alerts on select auditing considerations for the 2015 audit cycle
CAQ - 10/12/2015
The AICPA Center for Audit Quality (CAQ) published two Alerts highlighting certain auditing considerations that may be relevant for the 2015 audit cycle: (1) Select Auditing Considerations for the 2015 Audit Cycle and (2) Select Considerations for the 2015 Audit Cycle for Brokers and Dealers. The Alerts discuss judgmental and complex audit areas, many of which are also identified in the recently issued PCAOB Staff Inspection Brief.
CAQ - As issued
Provides access to the current and archived SEC Regulations Committee meeting highlights as issued by the SEC Regulations Committee