US Advisory Committee on the Auditing Profession

The US Treasury Department's Advisory Committee on the Auditing Profession has adopted its Draft Final Report containing more than 30 recommendations to improve the sustainability of the public company auditing profession. Recommendations focus on three specific areas: improving accounting education and strengthening human capital; enhancing auditing firm governance, transparency, responsibility, communications and audit quality; and increasing audit market competition and auditor choice. For more information, see the Press Release and Final Report Fact Sheet.