|
 |
AICPA Blasts Proposed Independence Rules With Survey WASHINGTON, Sept. 15, 2000 (SmartPros) In the ongoing battle between regulators and members of the profession over auditor independence, the American Institute of CPAs this week issued the results of a survey aimed at blasting the proposed auditor independence rules. Ninety-one percent of respondents rate the annual audits of the financial statements of the companies they invest in as credible, according to an AICPA-commissioned poll of 600 investors ages 25 and older by Penn, Schoen & Berland Associates, Inc. The survey found that 70 percent of respondents think a company's audit committee and board of directors should decide whether the provision of any services by the audit firm is inappropriate, PS&B reported. In addition, 69 percent of investors surveyed said the regulators' role in prohibiting accounting firms from offering a range of services to clients they audit should remain about the same as it is now or smaller, the firm said. Survey results also showed that 59 percent of investors think that if this prohibition is implemented, audit firms will know less about the companies they audit and the quality of the audit may suffer. The full report is available at www.psbsurveys.com/6340 -- SmartPros News Staff Send comments to information@smartpros.com |
|
|
|||||||
|
||||||||||
|
|
||||||||||
|
||||||||||
