CAQ Tool Aims to Help Audit Committees with Expanded Auditor's Report
CPA Practice Advisor (Dec. 6) is reporting that the Center for Audit Quality (CAQ) has issued a new tool that flags key considerations and questions for audit committees as implementation of the Public Company Accounting Oversight Board's new auditor's reporting model gets underway. In addition, the tool flags a set of key questions that the National Association of Corporate Directors (NACD) has gleaned from audit committee members regarding the new auditor's report. NACD President and CEO Peter Gleason comments, "Implementation of the new auditor's report is a topic of keen interest for directors, particularly audit committee members. We think this tool can serve as a helpful resource for board members and others as implementation proceeds, and the NACD is pleased to provide input to this CAQ tool based on feedback we've heard from our members."
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