Tim Ryan, US Senior Partner and Chair, PwC, has been elected Chair of the Center for Audit Quality’s (CAQ) Governing Board, effective February 28, 2022.
The CAQ’s Governing Board is comprised of chief executive officers from leading public company auditing firms and the American Institute of CPAs, as well as three independent board members from investor and issuer communities. The Governing Board provides oversight for the CAQ and leads development of the organization’s strategic agenda.
“This year marks the twentieth anniversary of the Sarbanes-Oxley Act (SOX), landmark legislation that has become the global standard for regulating capital markets, providing protection to investors, businesses, and workers,” noted Julie Bell Lindsay, Chief Executive Officer of the CAQ. “As the audit profession looks ahead, Tim is the perfect person to help lead the profession’s evolution to meet the new challenges and opportunities presented by our capital markets. He’s been a leader in the U.S. and globally and brings a single-minded focus to making sure the profession meets its core mission of maintaining investor trust in audit quality,” Bell Lindsay added.
“Capital markets benefit us all, powering our economy and making everyday life possible. Businesses can create jobs, families can get credit cards, and mortgages, and people can save for retirement because auditors bring trust and transparency to our capital markets,” said Ryan. “Auditors address today’s needs, and we see a future where the profession is leading the way for capital markets to help address large-scale transitions like climate, DEI, cybersecurity, algorithms, data privacy and more.
“I look forward to taking on these new responsibilities,” Ryan added. “Helping the audit profession do its part to build a more equitable, just, and sustainable world will also be a vital component of the CAQ Governing Board’s mission.”
Ryan succeeds Kelly Grier, U.S. Chairman and Managing Partner and Americas Managing Partner at EY, as CAQ Governing Board Chair, and he will serve a two-year term. “I want to extend our gratitude to Kelly for her service to the profession and to the CAQ,” said Bell Lindsay. “Kelly’s leadership helped us to propel our efforts on so many key issues, including diversity and inclusion in the next generation of talent. The audit profession is stronger today and ready to take on tomorrow’s challenges because of Kelly’s leadership.”
The Center for Audit Quality (CAQ) is a nonpartisan public policy organization serving as the voice of U.S. public company auditors and matters related to the audits of public companies. The CAQ promotes high-quality performance by U.S. public company auditors; convenes capital market stakeholders to advance the discussion of critical issues affecting audit quality, U.S. public company reporting, and investor trust in the capital markets; and using independent research and analyses, champions policies and standards that bolster and support the effectiveness and responsiveness of U.S. public company auditors and audits to dynamic market conditions.
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Tags: Accounting, Auditing
