August 5, 2013

Fifth Annual CAQ Symposium

Attendees from the public company auditing profession, academia, and the regulatory community gathered in Dana Point, CA, on August 4, 2013, for the CAQ’s 5th Annual Symposium. Held on the eve of the American Accounting Association’s (AAA) Annual Conference, the event is the cornerstone of the CAQ’s ongoing dialogue with the academic community on areas where research can enhance audit practice.

The Symposium provides a unique opportunity for experts from the profession and academia to come together to delve into issues that are critical to CAQ policy initiatives and to the future of the profession.

Hosted by Grant Thornton, LLP, the event featured panels on the evolving role of audit committees in the financial reporting process and current and future challenges facing the profession and how those might impact its talent needs.

A Panel Discussion on Audit Committees: Their Evolving Role in the Financial Reporting Process

Moderator: Trent Gazzaway, Grant Thornton LLP
Panelists: Mark DeFond, University of Southern California; Brian Drake, KPMG LLP; Michele Hooper, The Directors’ Council, and Bob Kueppers, Deloitte LLP

Breakout Summary

Symposium attendees participated in breakout sessions to delve deeper into many of the issues raised during the panel discussion. The breakouts provided an opportunity for academics and practitioners to engage in a lively dialogue on these topics. Read the summary of the key points raised in these small-group discussions.

Current and Future Challenges Facing the Profession

Moderator: Bob Moritz, PwC LLP
Panelists: Joe Adams, McGladrey LLP, Ira Solomon, Tulane University; Valerie Williams, EY LLP

PwC Chairman and Senior Partner Robert Moritz led a panel discussion that explored current and future challenges facing the profession and how those might impact its talent needs and lead to changes in the auditor reporting model.