Center for Audit Quality (CAQ)

The CAQ 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 role in enhancing the quality of public company auditing and financial reporting.

Website: thecaq.org

 

Select news releases

New CAQ Paper Promotes Stakeholder Dialogue on Non-GAAP Financial Measures

When presented appropriately, non-GAAP financial measures can provide useful insights about a company, says the Center for Audit Quality (CAQ) in a new publication: Non-GAAP Financial Measures: Continuing the Conversation. To increase the usefulness of those insights to investors and other users, the paper calls for a robust conversation across the financial reporting supply chain regarding the preparation, presentation, and use of these measures.

2016 Audit Committee Transparency Barometer

The amount of information available to investors on audit committee oversight of the auditor continues to increase significantly, according to the latest edition of the Audit Committee Transparency Barometer, an annual report issued jointly by the Center for Audit Quality (CAQ) and Audit Analytics. Among other findings, the 2016 Barometer reveals double-digit growth since 2014 in the percentage of S&P 500 companies disclosing information on key areas of external auditor oversight, including auditor appointment and audit partner rotation.

CAQ Alert 2016-02: Select Auditing Considerations for the 2016 Audit Cycle for Brokers and Dealers

CAQ Alert 2016-02, Select Auditing Considerations for the 2016 Audit Cycle for Brokers and Dealers, provides considerations for the 2016 audit cycle that may be relevant for audit and attestation engagements of brokers and dealers registered with the U.S. Securities and Exchange Commission (SEC), including areas that have recently been the subject of attention and focus by the PCAOB in its interim inspection process.

CAQ comments on SEC disclosure update and simplification

The CAQ expresses its support for the SEC’s Disclosure Effectiveness Initiative, including its efforts in the Proposing Release to improve disclosures by amending certain requirements that may have become redundant, duplicative, overlapping, outdated, or superseded. The amendments will benefit investors, the CAQ says, by eliminating duplicative and outdated information thereby allowing the investor to better focus on the disclosure of material information. Additionally, these proposed changes will simplify the compliance efforts of preparers and their auditors.

CAQ Alert #2016-01 - Select Auditing Considerations for the 2016 Audit Cycle

CAQ Alert 2016-01, Select Auditing Considerations for the 2016 Audit Cycle, reminds member firms of important auditing considerations for the 2016 audit cycle. It identifies and discusses some of the more judgmental or complex audit areas for the upcoming audit cycle, including some of those identified by the Public Company Accounting Oversight Board (PCAOB) through its inspection process and published in recent PCAOB Staff Inspection Briefs.

 

 

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