Washington, DC – The Center for Audit Quality (CAQ) issued its ninth annual request for proposals to fund independent academic research on projects of interest to the auditing profession. To date, the CAQ has funded more than $600,000 in academic research through this program.
“Academic research plays an essential role informing audit practice,” said CAQ Executive Director Cindy Fornelli. “We’re pleased to offer this program to help fund important academic research for the ninth year in a row. The CAQ and the public company auditing profession are dedicated to supporting academic research that can improve audit quality and help shape the future of auditing.”
The CAQ program focuses on a number of critical policy issues, including audits of internal control over financial reporting, auditing of accounting estimates and fair value, audit committee effectiveness, cybersecurity, data analytics, professional skepticism, global group audits, materiality, non-GAAP measures, fraudulent financial reporting, and the value of the audit.
To be considered, proposals must be submitted by March 17, 2017, 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.
Grants will be announced no later than June 1, 2017. A list of previous grant recipients is available on the CAQ’s website.
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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.