CAQ

Audit committees are bringing on more directors with experience in cybersecurity and sustainability, according to a new survey.

A potential recession is the biggest economic risk factor that audit partners foresee over the next 12 months, followed by regulations and geopolitical instability, said a survey by the Center for Audit Quality.

The Center for Audit Quality and the Anti-Fraud Collaboration released a new publication on the role of the auditor in assessing and responding to fraud risk.

Disclosures of critical audit matters are fueling investment decisions, according to a study by the Center for Audit Quality.

The majority of large public companies are now reporting environmental, social and governance information, while turning to auditing firms and other providers for assurance to vet the data.

The Center for Audit Quality wants the Public Company Accounting Oversight Board to postpone sending two of its newly approved standards, on quality control and auditor responsibilities, to the SEC for final approval.

A majority of audit committee members are eyeing cybersecurity as a top priority in the next 12 months, followed by enterprise risk management and talent.

The Association of Certified Fraud Examiners has joined a collective effort of organizations including the Center for Audit Quality, Financial Executives International, the Institute of Internal Auditors and the National Association of Corporate Directors.

Nearly one-third of public companies are using artificial intelligence in their financial reporting, according to a new survey.

Corporate audit committees have been providing investors with more information about their activities and responsibilities over the past 10 years, but there's still room for improvement.