A new industry group is looking to make inroads in building support for its policy positions in Washington.The Center for Audit Quality will focus on topics such as auditor protection from lawsuits, the Sarbanes-Oxley Act and how companies report financial information.

Its board will include the chief execs of the American Institute of CPAs and the six largest accounting firms, CEOs from two other firms on a rotating basis, and leaders from the investor and issuer communities.

The center's executive director, Cindy Fornelli, said that the purpose is to bring together the public company accounting profession with a focus on issues in the public domain.

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