As the role of the audit committee continues to evolve, it becomes increasingly important for audit committee members to remain up to date and aware of changes to their responsibilities. Deloitte is committed to providing audit committee members with resources and leading practices to help fulfill their responsibilities.

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The Center for Audit Quality

On September The Center for Audit Quality (CAQ) is an autonomous, nonpartisan and nonprofit public policy advocacy organization that is affiliated with the American Institute of CPAs. The organization is dedicated to enhancing investor confidence and public trust in the global capital markets.

The CAQ provides various resources for investors, public company auditors and those interested in the capital markets and include the following more recent publications. Select reports by the CAQ are as follows:

 Main Street Investor Survey

 Enhancing the Audit Committee Report: A Call to Action

 The Fraud-Resistant Organization

 CAQ Approach to Audit Quality Indicators

 Audit Committee Annual Evaluation of the External Auditor

Additional CAQ resources and events are available at


Audit Committee Effectiveness Center

The AICPA presents the guidance and tools to make audit committee best practices actionable.

The AICPA Audit Committee Toolkit: Public Company

Posted with permission. Copyright 2004 by the American Institute of Certified Public Accountants, Inc., New York, New York.

The PCAOB and Audit Committees – Common Goals

On October 24, 2014, Jay D. Hanson spoke at the Irvine Audit Committee Summit regarding the PCAOB's recent outreach to audit committees. Read the full speech here.

PCAOB Issues Staff Audit Practice Alert No. 13

On September 22, 2014, the PCAOB issued a Staff Audit Practice Alert to discuss disclosure of uncertainties about a company's ability to continue as a going concern in light of recent changes to US generally accepted accounting principles ("GAAP").

For more details click here

PCAOB Addresses Role of Audit in Preventing Financial Reporting Failures

At the 3rd Annual Ethics and Compliance Symposium held on June 13, 2014, James R. Doty, President of the Public Company Accounting Oversight Board (PCAOB), delivered a speech that highlighted how the PCAOB has developed various initiatives to enhance audit reliability and quality.

For more details click here