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May 24, 2011

CAQ to fund research projects

The US Center for Audit Quality (CAQ) will fund five independent audit research projects in a bid to improve audit quality.

The topics have been chosen from 48 proposals addressing topics such as audit quality, financial statement fraud deterrence and detection, professional judgement and professional scepticism.

“The academic community is an important voice in the ongoing discussion of auditing-related issues. We expect these research projects to inform the profession’s efforts to continuously improve audit quality”, said CAQ executive director, Cindy Fornelli.

The projects are chosen by the CAQ Research Advisory Board, comprised of members from academic institutions and the auditing profession. Five projects were selected for CAQ funding in 2009, while another three projects were chosen in 2010.

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