Appointed to serve as the first executive director of the Center for Audit Quality, Cindy Fornelli is guiding the new organization in its mission to bolster confidence in the audit process, and to aid investors by promoting constructive suggestions for change.Still affiliated with the American Institute of CPAs, the center is the revamped version of the AICPA’s former Center for Public Company Audit Firms. The CAQ Governing Board consists of representatives from the AICPA, the major public company auditing firms and independent public members.

Prior to joining the center, Fornelli spent time with Bank of America, as its regulatory and conflicts management executive, and with the Securities and Exchange Commission, where she served as deputy director in the Division of Investment Management. At the SEC, where several of the center’s new hires have been culled from, Fornelli was responsible for implementing SEC policy, rules and regulations in the investment industries.

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