Dec 6th 2013
By Jason Bramwell, Staff Writer
The Center for Audit Quality (CAQ) has sent out a request for proposals (RFPs) to fund independent academic research on several key auditing policy issues.
Proposals are due to the CAQ by March 3, 2014, and will be reviewed by the Washington, DC–based group's Research Advisory Board.
According to the CAQ, submissions must address one of the following five auditing-related topics:
- Audit committee effectiveness
- Audit quality indicators
- Professional skepticism
- Professional judgment
- Value of the audit
Additional areas of potential research include financial reporting fraud and communications and IT. The CAQ is expected to make up to $200,000 available to fund multiple projects during the submission period. Grants will be announced on or about May 31, 2014.
The CAQ created the Research Advisory Board in 2008, and the panel is comprised of representatives from academia and the auditing profession. In the past five years, the board has awarded nearly thirty grants for independent academic research projects on several topics of interest to the profession.