The CAQ has been at the forefront of the movement to develop quantitative and qualitative metrics regarding the audit—commonly referred to as audit quality indicators (AQIs)—that could be used to better inform audit committees about key matters that may contribute to the quality of an audit.
Engaging constructively with policymakers and key stakeholders, the CAQ and its members have made substantial and practical contributions to ongoing efforts to enhance information presented in the auditor's report to investors and other users.
Policymakers across the globe increasingly recognize the vital role of audit committees and their importance to audit quality. In close collaboration with partner organizations, the CAQ is actively engaged in policy developments related to audit committees.
The CAQ is a prominent voice in the discussion about effective financial disclosures. Convening key investor and financial groups, the CAQ has developed concrete recommendations on ways to facilitate investors’ access to meaningful information.
A complex and evolving issue, cybersecurity has serious implications for public companies, their boards, investors, and other stakeholders. The CAQ works to illuminate the role of auditors in this critical area.
The CAQ produces a range of resources to promote deterrence and detection of financial reporting fraud.
Additionally, the CAQ is a founding member of the Anti-Fraud Collaboration, which unites organizations representing members of the financial reporting supply chain.
The CAQ's Main Street Investor Survey gauges investor confidence in U.S. capital markets, global capital markets, audited financial information, and investing in U.S. publicly traded companies. In 2015, the ninth edition of the survey, 73 percent of investors expressed confidence in U.S. capital markets, holding steady from 2014 levels and up 12 percentage points from the post-crisis low. Investors also expressed strong levels of confidence regarding key players in the financial system including external auditors, independent audit commitees, financial advisors, and stock exchanges.
Archive: Audit Committee Transparency Barometer
Financial Restatement Trends in the United States: 2003-2012