U.S. Department of the treasury's advisory committee on the auditing profession

 

The Treasury Department established the Advisory Committee on the Auditing Profession to examine the sustainability of a strong and vibrant auditing profession. The Committee considered, among other things, the auditing profession’s ability to cultivate, attract, and retain the human capital necessary to meet developments in the business and financial reporting environment and ensure audit quality for investors; audit market competition and concentration and the impact of the independence and other professional standards on this market and investor confidence; and the organizational structure, financial resources, and communication of the auditing profession. The Advisory Committee issued its final report on October 6, 2008.

CAQ Comment Letters

August 29, 2008 CAQ Comment Letter on Second Draft Report of the Advisory Committee on the Auditing Profession
June 27, 2008 CAQ Comment Letter on Draft Report and Addendum of the Advisory Committee on the Auditing Profession
November 30, 2007 CAQ Submits Comment Letter to Treasury Department's Advisory Committee on the Auditing Profession

Testimony

June 3, 2008 Testimony of Anne Lang, Chief Human Resources Officer, Grant Thornton LLP
June 3, 2008 Testimony of Kathryn A. Oberly, Vice Chair and General Counsel, Ernst & Young LLP
June 3, 2008 Testimony of Kenneth Nielsen Goldmann, Capital Markets and SEC Practice Director, J.H. Cohn LLP
June 3, 2008 Testimony of Charles W. Gerdts, III, General Counsel, PricewaterhouseCoopers LLP
June 3, 2008 Testimony of Robin G. Munden, General Counsel, Crowe Chizek and Company LLC
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CAQ Press Releases

September 26, 2008 CAQ Thanks Treasury Advisory Committee for Examining Auditing Profession’s Critical Issues
October 1, 2007 CAQ Welcomes Appointments to Treasury Department Advisory Committee on the Auditing Profession

In the News

October 2, 2008 Levitt offers crumb of comfort to auditors - Accountancy Age
September 27, 2008 Panel Suggests Ways Auditing Firms Can Stem Fraud - The New York Times
September 26, 2008 U.S. Treasury panel can't agree on auditor shield - Reuters
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For further information about the public company auditing profession's efforts related to the Treasury Department's Advisory Committee on the Auditing Profession, please contact the CAQ at 202-609-8120 or info@thecaq.org.