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McGladrey & Pullen, LLP helps form organization to increase investor confidence in audit process
Feb.
2, 2007 - The American Institute of CPAs (AICPA), McGladrey & Pullen,
LLP and the seven other largest public company auditing firms announced
this week the formation of the Center for Audit Quality, a new
organization designed to aid investors and issuers in a time of
growing financial complexity and market globalization.
The Center for Audit Quality will be led by a Governing Board
representing the public company auditing profession and the investor
and issuer communities. McGladrey & Pullen, LLP will be represented
by David Scudder, the Firm’s managing partner.
The Center for Audit Quality will work to increase confidence
in the audit process and make public company audits even more reliable
and relevant by advancing constructive suggestions for change rooted
in the profession’s core values of integrity, objectivity,
honesty and trust. Some of its tasks include:
- Bringing together public company auditors and public leaders
in the investor and corporate communities to discuss the issues
facing the capital markets
- Convening a national public dialogue through scheduled events
with key stakeholders, including a series of national listening
tours designed to foster open discussions
- Providing public company auditing professionals useful
information on key issues in public company auditing and serving
as a facilitator of discussions about improvements to the quality,
relevance and integrity of financial reporting and how it can
better evolve to meet investors’ business information needs
- Conducting research on these topics and ultimately making recommendations
to foster confidence in the capital markets
Membership is open to all U.S. public company auditing firms registered
with the Public Company Accounting Oversight Board. Associate membership
is available for U.S. accounting firms not registered with the
PCAOB.
More information about the Center for Audit Quality is available
at www.thecaq.org.
About McGladrey & Pullen:
McGladrey & Pullen LLP (a partner-owned CPA firm) delivers
audit and attest services. It operates in an alternative practice
structure with RSM McGladrey, a leading professional services firm
providing accounting, tax and business consulting services to midsized
businesses. Though separate and independent legal entities, they
can work together to serve clients’ business needs. When
considered together, the two companies have combined revenues of
more than $1.2 billion and nearly 8,000 employees, making them
the fifth-largest provider of accounting, tax and business consulting
services in the United States. Currently, the organization serves
clients through more than 120 offices across the country. |
