Washington, D.C. – Cindy Fornelli, executive director of the Center for Audit Quality (CAQ), issued the following statement on Jay Clayton’s confirmation as chairman of the Securities and Exchange Commission (SEC):
“The CAQ congratulates Jay Clayton on his confirmation by the U.S. Senate as SEC Chairman. Investors have shown strong and enduring confidence in U.S. capital markets, thanks in good part to the SEC's crucial role in capital formation, market oversight, and investor protection. We look forward to building on that strength as we work with Mr. Clayton toward our shared goal of enhancing investor confidence and public trust in our capital markets."
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The Center for Audit Quality (CAQ) is an autonomous public policy organization dedicated to enhancing investor confidence and public trust in the global capital markets. The CAQ fosters high quality performance by public company auditors, convenes and collaborates with other stakeholders to advance the discussion of critical issues requiring action and intervention, and advocates policies and standards that promote public company auditors’ objectivity, effectiveness, and responsiveness to dynamic market conditions. Based in Washington, DC, the CAQ is affiliated with the American Institute of CPAs. For more information, visit www.thecaq.org.