This site uses cookies to provide you with a more responsive and personalised service. By using this site you agree to our use of cookies. Please read our cookie notice (http://www2.deloitte.com/ca/en/legal/cookies.html) for more information on the cookies we use and how to delete or block them.
The full functionality of our site is not supported on your browser version, or you may have 'compatibility mode' selected. Please turn off compatibility mode, upgrade your browser to at least Internet Explorer 9, or try using another browser such as Google Chrome or Mozilla Firefox.

CAQ Issues Publication on the Value of the Audit

  • CAQ Image

Jul 08, 2021

The Center for Audit Quality (CAQ) of the American Institute of Certified Public Accountants (AICPA) has released a publication, “Value of the Audit: A Brief History and the Path Forward”.

Review the publication and: 

  • Examine the importance of well-functioning capital markets to the economy, the historical importance of audited financial statements, and the roles and responsibilities of each key stakeholder in the US financial reporting supply chain.
  • Learn about two key cornerstones of audit quality—the expertise and independence of the external public company auditor.
  • Understand some of the pitfalls of public policy proposals that seek to apply more stringent requirements on auditor independence to the potential detriment of needed expertise and audit quality.
  • Explore the growing demand for company-reported information outside of the historical financial statements, and how the independent public company audit construct can be – and in some cases already is – applied to these other key areas of information.

Access the press release and pub­li­ca­tion on the CAQ’s website.

 

Correction list for hyphenation

These words serve as exceptions. Once entered, they are only hyphenated at the specified hyphenation points. Each word should be on a separate line.