For
@PostOpinion
, our CEO,
@JulieBLindsay
pushes back against an argument to loosen investor protections by doing away with the mandatory audit, speaking to how high-quality audits have protected investors and the capital markets for the past 20+ years.
NEW: Our 2023 Transparency Barometer, in partnership with
@AuditAnalytics
, analyzes the increases in disclosure rates related to key areas of audit committee oversight. Take a look:
In honor of
#EarthDay
, our very own Dennis McGowan, Vice President of Professional Practice, is reflecting on the increased demand for company-prepared
#ESG
information and answering some of the most common
#ESG
questions. Stay tuned for his Twitter takeover! 🌎
From the definition of
#ESG
to the role of the auditor in providing assurance, our Director of Professional Practice, Desiré Carroll, provides answers to some
#FAQs
about environmental, social, and governance information:
Information about a company's
#cybersecurity
measures can help investors understand
#CyberRisks
when making investment decisions. Check out how boards of directors can enhance a company's cyber risk management program:
Our survey of high school and college students found that both Black and Hispanic students prioritize selecting careers that will make an impact and improve their communities. See how our profession can encourage diverse students to pursue
#accounting
:
What is environmental, social, and governance reporting? Learn more as Desiré Carroll, our Director of Professional Practice, explores the basics of
#ESG
in our new classroom video series:
When you're built on a strong foundation of technology, it's no surprise that adapting to the complexities of remote work has been seamless for auditors. Discover more
#AuditInAction
:
While the last few months have created new complexities, audit firms quickly reinforced, tailored, or instituted new policies and procedures to maintain the high standards we hold for our work. This has been the north star for the profession.
Interested in learning from experts across the corporate reporting ecosystem? Listen to the latest Capital Markets Pulse podcast, featuring our CEO,
@JulieBLindsay
, Seth Siegel, CEO of
@GrantThorntonUS
, and Prat Bhatt, former CAO of
@Cisco
:
“There’s no doubt there’s an expectation gap out there," says
@Timothy_F_Ryan
of
@PwCUS
. "We have a responsibility to make sure that we are proactively talking about the role that we do play and the role that we could play."
NEW: Our latest S&P 500
#ESG
Reporting and Assurance Analysis outlines which companies are disclosing these metrics and what standards were used. Take a look at the findings:
The
@SECGov
issued a proposal on disclosure of
#climate
risks by public companies. CAQ CEO Julie Bell Lindsay shares her thoughts on this proposed change to
#corporatereporting
in the United States, which would give both companies and investors clarity around
#ESG
information.
As the COVID-19 pandemic creates unprecedented changes for all professions, including audit, we’re working to curate resources that auditors can use to maintain stability during these times:
We’re proud to have strong support and steadfast leadership from
@EY_US
Kelly Grier. Learn more about where the CAQ has been and where we’re going at
#audit
Automation and technology play a big role in the future of audit. Their key role: enabling capacity so auditors can dedicate time and energy to important critical thinking and decision making. More in
@AccountingToday
"Audit committees are providing company investors with more information about their oversight of auditing firms," writes
@MikeCohnAT
of Accounting Today.
Investor demand for
#ESG
and climate-related financial information continues to grow. Learn some of the key actions auditors can take to prepare for their evolving roles:
By sharing his story Aazan St. Rose, Audit Partner at
@CroweGlobal
, encourages future auditors and accountants to learn from their mentors. Hear more about his journey with our Share Your Road portal:
What have accountants learned from navigating the
#COVID19
pandemic? Remote work works, and auditing is truly essential. See the full list from
@AccountingToday
:
Our event with
@uschamberCCMC
on the Future of Audit Quality is only one day away! Don't miss out on the opportunity to hear from experts at
@PwC
,
@EY_US
, and more. Register now:
Our examination of
@PCAOB_News
's 2021 inspections on major firms shows that deficient audits didn't prompt opinion changes or financial restatements. Read more from Dennis McGowan, our VP of Professional Practice and Anti-Fraud Initiatives, in
@tax
:
Danica Dilligard overcame many personal and professional challenges to become a Partner at
@EY_US
. Watch our full interview to learn more about Danica's career journey and why she says it was her destiny to work at EY:
#BlackHistoryMonth
Data-first audits allow teams to quickly pivot and respond to the emerging needs of our profession. See how
@EY_US
is using data-driven audits to enhance investor confidence:
"Auditors will spend much less time performing audits, and more time designing, reviewing, and verifying how information flows between systems," writes Amy Vetter, CPA/CITP, CGMA.
Audit firms such as
@CroweUSA
and
@PwC
are taking action to further enhance audit quality through significant investments in technology and quality controls. Read more with
#AuditInAction
:
.
@EY_US
leverages technology and data to enhance the focus and reliability of our profession. Check out four ways the audit firm is using these innovations to drive improvements in audit quality:
No matter what stage you’re in of your career in
#audit
, continuous learning is a vital task. Learn more about our free training resources to ensure quality audits and strong financial reporting.
Check out the Anti-Fraud Collaboration's online self-study courses for corporate ethics training. These courses can be taken free of charge with the potential of earning up to two continuing professional education (CPE) credits per course.
To celebrate the 5th Annual
#AuditorProud
Day, we asked the auditors on our Professional Practice team to describe their career in just 5️ words. Here’s what they said:
In a rapidly evolving environment, auditors remain committed to maintaining the highest standards of audit quality.
@KellyGrierEY
from
@EY_US
shares how unprecedented circumstances and new innovations are shaping the future of audit quality:
Thanks
@RoadtripNation
crew for taking the time to make a pit stop to meet part of our
@DiscoverAudit
team. We can't wait to hear about the next phase of your journey from your feed from the road:
"Performing high quality audit can only be accomplished by people with the right insight and expertise." -- Insight from
@GrantThorntonUS
#AuditorProud
#CAQcollections
: Robust internal control over financial reporting (ICFR) is a keystone of investor confidence. The CAQ has advanced the discussion around ICFR and produced a range of resources on the issue.
We’ve compiled a list of considerations for auditors navigating this challenging financial landscape. Get familiarized with the latest developments and regulations:
Yesterday, CAQ Governing Board Member Brian Anderson (at far left) joined KPMG's Earl Fagan, the CAQ's Crystal Cooke, Howard University's Jean Wells, and the AICPA's Kim Drumgo at the 16th Annual National HBCU Business Deans Roundtable Summit in New York.
"With a strong accounting profession, we can help drive the changes needed to transform this globe for the better." Read more in this post from Russell Guthrie of the International Federation of Accountants.
#Sustainability
#BuildingaBedrock
#Audit
firms have quickly adapted to the new normal of remote work while remaining laser-focused on audit quality. More from our CEO Julie Bell Lindsay on the state of audit during
#COVID19
:
What mindsets, behaviors, knowledge, and skills will students need to become successful auditors? Students and educators get answers in this
@DiscoverAudit
roadmap from the CAQ, the leading public company accounting firms, and the
@AICPA
.
#AuditorProud
For
#AuditorProud
Day 2019 we are asking auditors to think about how a career in audit has changed them in the last 5 years. What advice would you give yourself 5 years ago? Take a look at what the CAQ staff had to say:
By leveraging well-practiced project management, clearly defined processes, and leading-edge technology,
@Deloitte
was able to quickly transition to delivering high-quality audits virtually.
#AuditInAction
"We must be relentless in our efforts to increase investor protection and public confidence in the work that we do," says
@kellisontaylor
at
#AICPAsec
.
VIDEO: "There will be a lot of insight that can be gained. I think the work of the auditor is going to be fundamentally changed."
#ConfidentTogether
#Evolution
In 2021,
@EY_US
significantly expanded its data-first approach to financial reporting. Learn more about the firm's commitment to technology from John King, US Vice Chair of Assurance at EY: