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.
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