Cynthia M. Fornelli

Cindy Fornelli is an American business leader, former securities lawyer, and a graduate of Purdue University and The George Washington University Law School.[1] She retired in 2019 as Executive Director of the Center for Audit Quality (CAQ). She has been named one of Accounting Today’s Top 100 Most Influential People for 11 consecutive years and has been named a LinkedIn Influencer with an audience of over 450,000 followers.[2]

Career

As the CAQ’s first Executive Director, Fornelli was responsible for carrying out the mission and vision of the CAQ’s Governing Board, which is composed of eight leaders from public company audit firms, the American Institute of CPAs, and three independent public members. She also served as an ex-officio board member at the organization.

Prior to her role at the CAQ, Fornelli held positions at Bank of America (Regulatory and Conflicts Management Executive) and the U.S. Securities and Exchange Commission (Deputy Director of the Division of Investment Management).

Fornelli has been interviewed for news outlets including Fox Business News, National Public Radio, USA Today, The Washington Post, The Wall Street Journal, Financial Times, the Associated Press, Reuters, Dow Jones Newswires, The Hill, and Bloomberg News.

She is a regular commentator in trade magazines and featured speaker at professional conferences.[3]

In 2014, Fornelli became a LinkedIn Influencer, offering her views on trends in the auditing profession, corporate governance, and leadership to a growing audience of over 450,000 followers.[4]

Awards

Fornelli has been named one of Accounting Today’s Top 100 Most Influential People for 11 consecutive years.

In 2017, she was named for the ninth time to the NACD Directorship list of the 100 most influential people in corporate governance. She has been named to CPA Practice Advisor’s list of the Most Powerful Women in Accounting, was included on Compliance Week’s “Top Minds 2017”[5] list, and has received the Special Award of Merit from the American Accounting Association’s Auditing Section.

Board membership

Fornelli holds leadership roles at the following organizations:

  • Ira M. Millstein Center for Global Markets and Corporate Ownership,[6]
  • Advisory Board of the John L. Weinberg Center for Corporate Governance at the University of Delaware,[7]
  • Markets Advisory Council of the Council of Institutional Investors,[8]
  • National Association of Corporate Directors Audit & Risk Oversight Committee Advisory Council,[9] and
  • International Corporate Governance Network Accounting and Auditing Committee.[10]

Previously, Fornelli served as Treasurer on the Securities and Exchange Commission Historical Society Board of Trustees[11] and the National Association of Corporate Directors’ 2010 Blue Ribbon Commission on the Audit Committee and 2009 Blue Ribbon Commission on Risk Governance. She is a member of the Washington, D.C. bar and the American Bar Association.

References
  1. "Cynthia M. Fornelli - The Center for Audit Quality". Thecaq.org. Retrieved 2 November 2018.
  3. "Speeches and Commentary". Thecaq.org. Retrieved 2016-04-18.
  5. "Top Minds 2019". Complianceweek.com. Archived from the original on 9 November 2017. Retrieved 2 November 2018.
  6. "Advisory Board". Columbia Law School. Retrieved 2 November 2018.
  7. "Weinberg Center for Corporate Governance". Weinberg.udel.edu. Retrieved 2 November 2018.
  8. "CII Markets Advisory Council". Cii.org. Retrieved 2 November 2018.
  9. "Home". Nacdonline.org. Retrieved 2 November 2018.
  10. "ICGN". Icgn.com. Retrieved 2 November 2018.
  11. Society, SEC Historical. "Securities and Exchange Commission Historical Society". Sechistorical.org. Retrieved 2 November 2018.
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