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CAQ Issues Publication on the Value of the Audit

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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.


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