Investor confidence in US audits remains high
Survey finds investors still place confidence in US audited financial statements
US investors remain confident in the audits provided to publicly traded
companies, according to a new survey.
Despite the financial crisis, the fourth annual Main Street Investor Survey
by the Center for Audit Quality found that 70% of investors polled remain
confident in the audited financial information released by listed companies, the
same as last year.
A third of investors also placed auditors as first or second choice when
asked who was doing the best jobs in protecting their interests, with 16% citing
auditors as the only group looking out for investors.
The survey also revealed that investor confidence in capital markets was
falling, down to 68% from 73% last year.