Paul Grant, Accountancy Age, Monday 13 September 2010 at 09:17:00

Survey finds investors still place confidence in US audited financialstatements


US investors remain confident in the audits provided to publicly tradedcompanies, according to a new survey.

Despite the financial crisis, the fourth annual Main Street Investor Surveyby the Center for Audit Quality found that 70% of investors polled remainconfident in the audited financial information released by listed companies, thesame as last year.

A third of investors also placed auditors as first or second choice whenasked who was doing the best jobs in protecting their interests, with 16% citingauditors as the only group looking out for investors.

The survey also revealed that investor confidence in capital markets wasfalling, down to 68% from 73% last year.