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Audit Advocate Reflects on Industry Overhaul, Challenges Ahead

May 03, 2019 - Targeted News Service

The Center for Audit Quality issued the following news release:

Cindy Fornelli saw an audit industry rocked by scandal and under scrutiny by a newly created government watchdog when she took the reins as executive director of the profession's policy advocate 12 years ago.

As she retires from the Center for Audit Quality this month, Fornelli, 58, describes a dramatically different landscape: Accounting firms are "laser focused" on improving audit quality; the relationship with that wa...