Center for Audit Quality

CAQ Releases Guide to Reviewing Auditors
Investor Relations

CAQ Releases Guide to Reviewing Auditors

There continues to be interest from investors, regulators, and others regarding how audit committees perform their responsibilities, says the CAQ.
By Vincent Ryan | April 2, 2019
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Audit Committees Say More About Auditor Choices
Risk & Compliance

Audit Committees Say More About Auditor Choices

Public companies' most recent proxy statements contain more disclosure from their audit committees about the selection and oversight of external auditors.
By David McCann | November 5, 2018
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What Is a Critical Audit Matter?
Corporate Finance

What Is a Critical Audit Matter?

How does an auditor figure out whether a matter involves especially "challenging, subjective, or complex judgment?"
By Vincent Ryan | July 25, 2018
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How Audit Committees Can Help with Non-GAAP
Financial Reporting

How Audit Committees Can Help with Non-GAAP

The Center for Audit Quality recommends best practices and discussion topics for non-GAAP presentations.
By David McCann | March 21, 2018
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SEC Audit Committee Rule Is Worthless: Study
Risk & Compliance

SEC Audit Committee Rule Is Worthless: Study

Investors gain no benefit from a 1999 rule requiring audit committees to have at least three members and be free of conflicting interests, research finds.
By David McCann | November 1, 2017
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Choosing a Sound Path Forward for Cybersecurity
Data Security

Choosing a Sound Path Forward for Cybersecurity

When it comes to cybersecurity risk management, let's pursue a flexible, principles-based approach, not one filled with layers of compliance requirements.
By Cindy Fornelli | June 19, 2017
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S&P 500 Firms Beefing Up Audit Disclosures
Financial Reporting

S&P 500 Firms Beefing Up Audit Disclosures

A survey finds disclosure of information on key areas of external auditor oversight has more than doubled in the past two years.
By Matthew Heller | November 2, 2016
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Investors Suggest External Auditor Review of Audit Committees
Management Accounting

Investors Suggest External Auditor Review of Audit Committees

“The work of the audit committee could be more transparent, and the evaluation of the auditor’s work could be more specific," says one former CFO.
By Matthew Heller | October 24, 2014
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Grad Students Aim to Shake Up 10-Ks
Risk Management

Grad Students Aim to Shake Up 10-Ks

GWU business school students propose ways to highlight changing risk factors, among other recommendations for annual reports.
By David McCann | October 7, 2014
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PCAOB Exploring Alternative for Auditor Identification
Regulation

PCAOB Exploring Alternative for Auditor Identification

The PCAOB appears to be backing away from requiring engagement partners be identified in an audit client's annual report.
By Matthew Heller | October 2, 2014
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Auditors Favor Curbs on Changes to the Audit Report
Risk & Compliance

Auditors Favor Curbs on Changes to the Audit Report

Ninety-eight percent of “critical audit matters” identified during a field test involving 51 audits were previously communicated to the audit committee.
By David Katz | June 20, 2014
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Top Audit Deficiency: Evidence Collection
Auditing

Top Audit Deficiency: Evidence Collection

A study of audit missteps from SEC cases dating back to 1998 also shows such basic oversight problems as a lack of skepticism and reliance on corporate management reports.
By Kathy Hoffelder | May 10, 2013
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Auditor Group Eyes Audit-Committee Disclosures
Auditing

Auditor Group Eyes Audit-Committee Disclosures

“Is there a way to provide more robust disclosure that doesn’t interfere with management’s responsibility to be the original source of information?”
By Kathy Hoffelder | February 14, 2013
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