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Majority of investors say audit quality is ’above average’

Majority of investors say audit quality is ’above average’

The audit sector has received a vote of confidence from users of financial statements, with new research finding 60 per cent of surveyed professional investors said audit quality was "above average".

by Shared by Australian Financial Review | Feb 19, 2019

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The as-yet unpublished survey by the Financial Reporting Council, a body responsible for oversight of accounting standards, also found another 33 per cent of the 47 surveyed investors felt audit quality was “average” with only 7 per cent saying quality was “below average” or “poor”.