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%)...