The Center for Audit Quality marked its first anniversary with a report on its progress in improving public confidence in the audit process.The CAQ, which is affiliated with the American Institute of CPAs, originated in January 2007. Last year, it began a Public Dialogue Tour to gather ideas from investors about how to accomplish its goal. The CAQ plans two more stops on the tour this year, in Boston and its home base of Washington, D.C.
This summer, the CAQ will issue another report outlining the recommendations it has received on its Public Dialogue Tour. The CAQ is also working with the Treasury and the Securities and Exchange Commission on ways to improve auditing and financial reporting.
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