Center for Audit Quality (CAQ)
What is the Center for Audit Quality (CAQ)?
The Center for Audit Quality (CAQ) is a not-for-profit, independent organisation based in Washington, DC that is dedicated to maintaining and improving the quality of company audits. It is affiliated with the American Institute of Certified Public Accountants.
Where have you heard about the Center for Audit Quality (CAQ)?
As an investor, you may take a close interest in issues to do with company audits and have heard of the CAQ's work in that way. Financial media may refer to the CAQ, especially at times when the standards of corporate reporting are an issue, for whatever reason.
What you need to know about the Center for Audit Quality (CAQ).
The CAQ was founded in 2007 and describes itself as "dedicated to enhancing investor confidence and public trust in the global capital markets by fostering high quality performance by public company auditors". It also seeks to support the confidence of investors by working with other stakeholders and discussing with them key issues in this area and by pushing for standards and policies that promote the effectiveness and objectivity of public company auditors. It was founded after the bursting of the dot-com bubble in 2000 and the collapse of Enron and other companies brought criticism of the standard of some company audits.