Home Views Commentary

Auditing the auditors

The Edge Singapore
The Edge Singapore6/7/2019 8:0 AM GMT+08  • 5 min read
Auditing the auditors
SINGAPORE (June 10): Audit firms have been in the crosshairs of investors and regulators in recent years, and little wonder.
Font Resizer
Share to WhatsappShare to FacebookShare to LinkedInMore Share
Scroll to top
Follow us on Facebook and join our Telegram channel for the latest updates.

SINGAPORE (June 10): Audit firms have been in the crosshairs of investors and regulators in recent years, and little wonder.

There has been a spate of corporate scandals over the last couple of years, for reasons ranging from poor financial management and excessive valuations of assets, to outright theft and fraud. Each of the scandals emerged despite their financial statements having being given the all-clear by auditors for years. They have left scores of retail investors out of pocket and many wondering about the effectiveness and reliability of auditors.

There is apparently a disconnect between what auditors do and what people expect them to do. In a survey by the Association of Chartered Certified Accountants, more than half of the respondents believes that auditors are responsible for avoiding company failures.

For more insights on corporate trends...
Sign In or Create an account to access our premium content.
Subscription Entitlements:
Less than $9 per month
Unlimited access to latest and premium articles
3 Simultaneous logins across all devices
Bonus unlimited access to online articles and virtual newspaper on The Edge Malaysia (single login)
×
Loading next article...
The Edge Singapore
Download The Edge Singapore App
Google playApple store play
Keep updated
Follow our social media
Subscribe to The Edge Singapore
Get credible investing ideas from our in-depth stock analysis, interviews with key executives, corporate movements coverage and their impact on the market.
© 2022 The Edge Publishing Pte Ltd. All rights reserved.