The Center for Audit Quality (CAQ) in the US has appointed Dave Sullivan as its chief executive officer
Sullivan will lead the US organisation’s work to promote audit quality, represent the public company audit profession, and support policies intended to maintain investor confidence in US capital markets.
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His role will include engagement with policymakers, investors, public companies, audit committees, and other participants in the financial reporting system.
He will also work with regulators, including the US Securities and Exchange Commission (SEC) and the Public Company Accounting Oversight Board (PCAOB).
Sullivan joins the CAQ after more than 35 years at Deloitte. During his time at the firm, he served as Deloitte Global Audit and Assurance Quality leader and US Audit and Assurance Quality leader.
He also held client-facing and advisory responsibilities covering multiple sectors.
Sullivan has previously served on the CAQ’s Professional Practice Executive Committee, the PCAOB’s Standing Advisory Group, and the University of Southern California’s SEC and Financial Reporting Institute Advisory Council.
Earlier in his career, he was a practice fellow at the Financial Accounting Standards Board (FASB).
He is currently chair of the Financial Accounting Standards Advisory Council (FASAC) and a member of the Public Interest Oversight Board, which oversees international audit and ethics standard-setting bodies.
Sullivan also serves on audit quality boards for several large accounting firms.
Commenting on his appointment, Sullivan said: “I look forward to working with the CAQ team and stakeholders across the financial reporting ecosystem to advance audit quality, strengthen trust in financial reporting, and help shape the future of our profession.”
