Auditors get high marks, but non-US market optimism sags: The profession is seen as honest and independent.


Retail investors' confidence in audited financial information has risen to near record highs, but confidence in markets outside the United States has plunged, according to a yearly Center for Audit Quality (CAQ) survey.

The CAQ is affiliated with the AICPA.

The 2019 Main Street Investor Survey found that 78% of U.S. adults with at least $ 10,000 invested in the capital markets through retirement plans or direct holdings said they have at least some confidence in audited financial information. That's a rise of three percentage points over 2018, and it's tied for the second-highest confidence percentage on record in the survey, which began in 2007.

Meanwhile, 83% of investors said they have at least some confidence in independent auditors of publicly traded companies to advance investor protection. That's an increase from 81% the previous year, and auditors were the group that was most trusted by investors to protect their interests.

Independent audit committees of public companies (81%), financial analysts (81%), and financial advisers and brokers (78%)...

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