The Treasury Department's recently established Advisory Committee on the Auditing Profession can play a role in improving the usefulness of audits, said a letter from an audit profession watchdog group.
The Center for Audit Quality sent a letter to the committee outlining the progress the profession has made in the past five years since the passage of the Sarbanes-Oxley Act, including the establishment of the Public Company Accounting Oversight Board with its regular inspections of audit firms.
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