Investors are concerned about the ability of the Asian audit market to keep
apace with the rapid growth of businesses, says Asian Corporate Governance
secretary general Jamie Allen.
‘The accounting firms are running fast to try and keep up but even they admit
that there is a limit to the depth of their expertise,’ said Allen in an
Unless companies improve their governance they will be shunned by moderate
investors. ‘These companies will have to accept lower share prices because of
the corporate governance discount,’ said Hong Kong-based investor activist David
Asian corporate governance has come under the spotlight again after its
chairman admitted to a $1bn accounting fraud at Satyam. Investors have asked why
auditors PricewaterhouseCoopers did not spot the fraud.
Steve Butler of Punter Southall Aspire highlights the importance of pension governance meetings to protect against mistakes and safeguard company reputation
Simon Wright of CareersinAudit.com discusses how an effective cyber defence force is critical to businesses worldwide and how internal auditors can make the transition to a new career in cyber security
The FRC has said that the investigation will 'consider, but not be restricted to, issues regarding misstated accounting balances'
Craig Maxwell joins the audit and assurance team in Scotland