Center for Audit Quality comments on Treasury regulatory blueprint

The Center for Audit Quality (CAQ) has issued the following statement by Executive Director Cindy Fornelli in reaction to the U.S. Treasury Department's Blueprint for Regulatory Reform:

"Like others in the financial policy arena, the CAQ recognizes the effort of the Treasury Department in developing this comprehensive blueprint for financial regulatory reform.

"Secretary Paulson and his staff have drafted a thoughtful plan intended to eliminate duplication, increase coordination, and improve oversight within the regulation of our markets for benefit of investors.

"The CAQ shares Treasury's goal of designing reforms that may better prepare all market participants to meet the challenges ahead, and we look forward to working with policy makers as they consider the blueprint's specific recommendations, particularly as they pertain to the profession's work to enhance both the quality of reported financial information and the audit process."

  • Summary of Treasury Blueprint

  • Complete Treasury Blueprint for a Modernized Financial Regulatory Structure

    # # #

    The Center for Audit Quality is an autonomous public policy organization serving investors, public company auditors, and the capital markets. The CAQ's mission is to foster confidence in the audit process and to aid investors and the markets by advancing constructive suggestions for change rooted in the profession's core values of integrity, objectivity, honesty, and trust. Based in Washington, D.C., the CAQ is affiliated with the American Institute of Certified Public Accountants.

    You may like these other stories...

    For bitcoin users, the taxman cometh. And you best know how to calculate taxes owed on what the IRS calls convertible virtual currency.In March 2014, the IRS issued Notice 2014-21, which declares virtual currency will be...
    Majority of House of Representatives urges leadership to preserve cash method of accounting for tax purposesA bipartisan majority of the House of Representatives – 233 members – has signed a letter urging House...
    More than 1 million tax payments have been processed so far in 2014 through IRS Direct Pay, a free web-based payment system that debuted earlier this year, the tax agency announced on Wednesday.Available through the Pay Your...

    Already a member? log in here.

    Upcoming CPE Webinars

    Sep 18
    In this course, Amber Setter will shine the light on different types of leadership behavior- an integral part of everyone's career.
    Sep 24
    In this jam-packed presentation Excel expert David Ringstrom, CPA will give you a crash-course in creating spreadsheet-based dashboards. A dashboard condenses large amounts of data into a compact space, yet enables the end user to easily drill down into details when warranted.
    Sep 30
    This webcast will include discussions of important issues in SSARS No. 19 and the current status of proposed changes by the Accounting and Review Services Committee in these statements.
    Oct 23
    Amber Setter will show the value of leadership assessments as tools for individual and organizational leadership development initiatives.