Washington, DC – The Center for Audit Quality (CAQ) issued its 10th annual request for proposals to fund independent academic research on projects of interest to the auditing profession. To date, the CAQ has funded 35 academic research projects through this program.
“In today’s everchanging business environment, academic research plays a crucial role in informing and improving audit practice,” said CAQ Executive Director Cindy Fornelli. “For the 10th year in a row, the CAQ is pleased to offer funds for important, independent academic research that can help shape the audit of the future. Our program is part of the profession’s commitment to improving audit quality for the benefit of investors and our capital markets.”
The CAQ program focuses on critical policy issues, including audits of internal control over financial reporting, audit risk assessment, auditing of accounting estimates and fair value, audit committee effectiveness, cybersecurity, data analytics, professional skepticism, multinational group audits, materiality, non-GAAP measures, fraudulent financial reporting, and the value of the audit.
To be considered, proposals must be submitted by Thursday, March 15, 2018, through the CAQ’s online submission form. Proposals will be reviewed by the CAQ’s Research Advisory Board, which is comprised of representatives from academia and the profession.
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About the CAQ
The Center for Audit Quality (CAQ) is an autonomous, nonpartisan 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.