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Confidence in auditors tapers in 2018, poll says

Tammy Whitehouse | September 19, 2018

Investor confidence in auditors and in capital markets in general fell in 2018, according to the annual poll by the Center for Audit Quality.

In an August survey of some 1,100 “Main Street” or average investors, 81 percent said they have confidence in public company auditors to act as protectors of investor interests, down from 84 percent in 2017. The hit to confidence in capital markets broadly was bigger, down 11 percentage points from 85 percent in 2017 to 74 percent in the late summer 2018 poll.

Also dipping from 2017, confidence in U.S. public companies tapered 5 percentage points to 78 percent, and confidence in their audited financial statements fell from 78 percent in 2017 to 75 percent in 2018. The only metric reflecting increased confidence in the CAQ poll highlights is confidence in capital markets outside the United...

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