Former PCAOB and Fed Official Joins Center for Audit Quality

The Center for Audit Quality (CAQ) on Wednesday announced that former PCAOB and Federal Reserve Board official Angela Desmond has joined the center as senior director of external relations.


Desmond comes to the AICPA-affiliated CAQ from Corporate Risk Advisors LLC, a Washington-based consulting and strategic advisory firm specializing in the financial services industry, where she was a managing director.


Before joining Corporate Risk Advisors, Desmond was chief of staff for the PCAOB from September 2006 until August 2009. She also was the PCAOB’s interim chief administrative officer. Prior to joining the PCAOB, she was a member of the Federal Reserve Board’s staff.


“Angela’s expertise at the intersection of auditing issues and financial policy will be instrumental in shaping the CAQ’s strategic vision,” said CAQ Executive Director Cindy Fornelli in a press release. “She brings with her a wealth of knowledge and experience with public company auditing and a demonstrated ability to collaborate with our many stakeholders on issues of mutual importance.”


Desmond is also the former general counsel of the Municipal Securities Rulemaking Board and was a branch chief for the SEC. She received her J.D. from the American University Washington College of Law, where she was an editor of the law review.


The Washington-based CAQ is a public policy organization dedicated to enhancing investor confidence and public trust in the global capital markets.


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