Center for Audit Quality

Type: Organization
Name: Center for Audit Quality
First reported Sep 24 2014 - Updated Sep 24 2014 - 1 reports

G.W. grad students win top honors at Initiative on Rethinking Financial Disclosure

Elizabeth Moehlenbrock (MBA Class of '15) and Liyuan Su (MSF Class of '15) of the George Washington University School of Business (GWSB) recently took home top honors at the Initiative on Rethinking Financial Disclosure - a partnership of the GWSB's Institute ... [Published WebCPA - Sep 24 2014]
First reported Sep 11 2014 - Updated Sep 11 2014 - 1 reports

Achieving excellence: Overseeing external auditors (Audit Committee Excellence Series)

At a glanceThis edition addresses communications with the external auditor, the audit committee chair’s working relationship with the lead audit partner, auditor independence, and the preapproval process for auditor services. The publication also discusses ... [Published PWC Health Research Institute - Sep 11 2014]
First reported Sep 08 2014 - Updated Sep 08 2014 - 1 reports

Helping Auditors Avoid Judgment Tendencies, Traps, and Biases

News< BackCompliance : Sarbanes Oxley : Auditing : Business Process Management September 8, 2014 03:00 PMCindy FornelliExecutive DirectorCenter for Audit QualityThe Center for Audit Quality (CAQ) has issued the Professional Judgment Resource designed ... [Published GRC-Daily - Sep 08 2014]
First reported Sep 08 2014 - Updated Sep 08 2014 - 1 reports

Improve Financial Reporting of Going Concern Entities

News< BackCompliance : Sarbanes Oxley : Auditing : Business Process Management September 8, 2014 02:00 PMCindy FornelliExecutive DirectorCenter for Audit Quality“The CAQ commends FASB for its efforts in developing a standard that provides guidance regarding ... [Published GRC-Daily - Sep 08 2014]
First reported Sep 06 2014 - Updated Sep 06 2014 - 1 reports

‘Accelerated Adjudication’ Could Make Settling Disputes With Auditors Easier

Public companies now have the option to resolve disputes with their auditors faster and with less expense if they agree to a new “accelerated adjudication” process recently established in New York—and if auditors agree to it as well.Created by the New ... [Published LeClairRyan - Sep 06 2014]
First reported Sep 03 2014 - Updated Sep 03 2014 - 1 reports

CAQ issues professional judgment resource for auditors

The Center for Audit Quality (CAQ) has issued a “Professional Judgment Resource,” which is “designed to provide auditors with an example of a decision-making process to facilitate important auditing and accounting judgments in a professionally skeptical ... [Published IAS Plus - Sep 03 2014]
First reported Sep 03 2014 - Updated Sep 03 2014 - 1 reports

Jim Dolinar to Head AICPA Financial Reporting Executive Committee

Jim Dolinar, CPA, has been named the chairman of the American Institute of CPAs (AICPA) Financial Reporting Executive Committee  (FinREC).Dolinar, 55, is managing partner of the Assurance Professional Practice, national office of Crowe Horwath LLP, Chicago, ... [Published CPA Technology Advisor - Sep 03 2014]
First reported Sep 02 2014 - Updated Sep 02 2014 - 1 reports

FASB Commended for Update to Financial Guidance Reporting of Going Concern Entities

The Financial Accounting Standards Board recently issued an update to its standards for financial statements. The executive director for the Center for Audit Quality says the changes are welcomed. FASB oversees the official standards for financial accounting ... [Published CPA Technology Advisor - Sep 02 2014]
First reported Aug 31 2014 - Updated Aug 31 2014 - 1 reports

Fornelli Statement on Appointment of Schnurr as SEC Chief Accountant

Targeted News ServiceWASHINGTON, Aug. 26 -- The Center for Audit Quality issued the following news release:Center for Audit Quality Executive Director Cindy Fornelli released the following statement today on the appointment of James Schnurr as the Securities ... [Published Insurance News Net - Aug 31 2014]
First reported Aug 30 2014 - Updated Aug 30 2014 - 1 reports

CAQ Commends FASB's Issuance of Guidance to Improve Financial Reporting of Going Concern Entities

WASHINGTON, Aug. 27 -- The Center for Audit Quality issued the following news release: Center for Audit Quality Executive Director Cindy Fornelli released the following statement on the Financial Accounting Standards Board's (FASB) issuance of Accounting ... [Published Crawford Financial Planning - Aug 30 2014]
First reported Aug 27 2014 - Updated Aug 28 2014 - 2 reports

Five elements of effective judgment process for auditors

The public relies on auditors to make critical professional judgments in an objective, professionally skeptical manner.Participants in capital markets who are making investment decisions place trust and confidence in the judgments made by auditors during ... [Published Journal of Accountancy - Aug 28 2014]
First reported Aug 27 2014 - Updated Aug 27 2014 - 1 reports

New Tool Helps Auditors Avoid Judgment Tendencies, Traps, and Biases

The Center for Audit Quality (CAQ) has released the Professional Judgment Resource , a guide designed to provide auditors with an example of a decision-making process to facilitate important auditing and accounting judgments in a professionally skeptical ... [Published CPA Technology Advisor - Aug 27 2014]

Quotes

Ms. Hooper said, "CamberView is uniquely positioned to deliver vital insights to boards of public companies to help them succeed in critical engagements with their investors. CamberView is the leading independent provider of advice to public companies on shareholder activism and investor engagement, and I am delighted to be part of their team."
...enterprise, and stakeholders rely upon their stewardship to create and sustain long-term economic value," said NACD President and CEO Ken Daly . "The characteristics and values that the NACD Directorship 100 honorees are reflective of those that all directors should strive to emulate as they carry out their fiduciary duties."
"“The CAQ commends FASB for its efforts in developing a standard that provides guidance regarding a preparer’s responsibility to evaluate whether there is substantial doubt about an entity’s ability to continue as a going concern, and, where required, to provide footnote disclosures about going concern uncertainties each reporting period" said executive director Cindy Fornelli
"The CAQ welcomes the opportunity to work with Jim to help ensure that companies are providing accurate and complete financial information that is so critical to the effective functioning of our capital markets."

More Content

All (22) | News (22) | Reports (0) | Blogs (0) | Audio/Video (0) | Fact Sheets (0) | Press Releases (0)
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G.W. grad students win top honors at Initiative... [Published WebCPA - Sep 24 2014]
What's new on CFOdirect - Week of September 11,... [Published PWC Health Research Institute - Sep 12 2014]
Achieving excellence: Overseeing external audit... [Published PWC Health Research Institute - Sep 11 2014]
Professionals on the Move – September 10, 2014 [Published CPA Technology Advisor - Sep 10 2014]
Michele J. Hooper, President & CEO of The Direc... [Published 4 Traders - Sep 09 2014]
Helping Auditors Avoid Judgment Tendencies, Tra... [Published GRC-Daily - Sep 08 2014]
Improve Financial Reporting of Going Concern En... [Published GRC-Daily - Sep 08 2014]
Ernst & Young LLP's Steve Howe and Allie Ruther... [Published RCL Advisors - Sep 08 2014]
‘Accelerated Adjudication’ Could Make Settling ... [Published LeClairRyan - Sep 06 2014]
Is it ok to delay implementation of the new COS... [Published Lexology - Sep 04 2014]
CAQ issues professional judgment resource for a... [Published IAS Plus - Sep 03 2014]
Jim Dolinar to Head AICPA Financial Reporting E... [Published CPA Technology Advisor - Sep 03 2014]
FASB Commended for Update to Financial Guidance... [Published CPA Technology Advisor - Sep 02 2014]
Fornelli Statement on Appointment of Schnurr as... [Published Insurance News Net - Aug 31 2014]
CAQ Commends FASB's Issuance of Guidance to Imp... [Published Crawford Financial Planning - Aug 30 2014]
Christopher P. Agoglia Named Richard Simpson En... [Published Noodls - Aug 30 2014]
Five elements of effective judgment process for... [Published Journal of Accountancy - Aug 28 2014]
FASB defines management's going-concern respons... [Published Journal of Accountancy - Aug 28 2014]
CAQ Provides Professional Judgment Resource for... [Published Accounting Today - Aug 27 2014]
New Tool Helps Auditors Avoid Judgment Tendenci... [Published CPA Technology Advisor - Aug 27 2014]
SEC names former Deloitte LLP exec Schnurr as c... [Published Journal of Accountancy - Aug 27 2014]
Susan S. Coffey, CPA, CGMA [Published CPA Client Bulletin - Aug 23 2014]
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