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EY forms independent audit quality committee

Tammy Whitehouse | January 24, 2019

EY has established a committee of outside experts to advise firm leadership on how to improve audit quality.

The firm appointed three individuals to its newly formed “Independent Audit Quality Committee,” including Jeanette Franzel, former member of the Public Company Accounting Oversight Board, and Charles Noski, former vice chairman of Bank of America. Chairing the committee is Bill McNabb, former chairman of Vanguard.

EY says the committee will advise its senior leaders in the United States on aspects of the firm’s business, operations, culture, talent strategy, governance, and risk management that affect audit quality. The firm says the three inaugural members of the committee bring “extensive, diverse, and highly relevant experiences” that will help the firm strengthen audit quality.

“We believe that gaining insight and advice from the IAQC will help us fulfill our important role of delivering high-quality audits that build confidence in the U.S. and...

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