Center for Audit Quality (CAQ)

Website: thecaq.org

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.

Recent Developments – Past 90 days



Select news releases

AICPA and CAQ issue joint Alert on regulatory changes for brokers-dealers and futures commission merchants
CAQ - 5/12/2014
The CAQ and the AICPA issued a joint Alert to remind audit firms of certain auditing considerations in response to upcoming regulatory changes set forth by the SEC and the Commodity Futures Trading Commission (CFTC). The new rules addressed in the Alert are generally effective for audits and attestation engagements of broker-dealers and futures commission merchants (FCMs) with fiscal years ending on or after June 1, 2014.

CAQ Leads First Effort in U.S. to Pilot Test Audit Quality Indicators
CAQ - 4/24/2014
The CAQ published the CAQ Approach to Audit Quality Indicators, which represents a two-year effort with its member firms to develop perspectives regarding which indicators may be most relevant and how they should be communicated to stakeholders. The paper sets forth in detail the CAQ’s thoughts on the right approach to communicate a set of potential Audit Quality Indicators (AQIs) which will be pilot tested by CAQ member firms with select audit committees.

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Highlights of SEC Regulations Committee meeting

SEC Regulations Committee highlights

CAQ - As issued

Provides access to the current and archived SEC Regulations Committee meeting highlights as issued by the SEC Regulations Committee

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Highlights of International Practices Task Force meeting

International Practices Task Force highlights

CAQ - As issued

Provides access to the current and archived International Practices Task Forcemeeting highlights as issued by the International Practices Task Force

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