In times of uncertainty and crisis, the credibility of financial information is gaining in importance. The reliable financial report not only allows for a reliable assessment of the company by current and potential investors, but also reduces the asymmetry of information between the management of the company and its external environment. This increases confidence in the company and its managers, which consequently increases the market valuation of its shares.
It is therefore worth considering what, as the Chinese used to say, ‘curious times’ can improve the credibility of financial information.
It is therefore worth considering what, as the Chinese used to say, ‘curious times’ can improve the credibility of financial information.
The mechanism that has been developed, inter alia, to increase confidence in financial statements in times of crises in the past, particularly the Great Depression of Years-30 These 20th century, there was an audit of the financial statements by external independent auditors.
So let us consider how an auditor can help in this area today.
Let us follow this through the following articles:
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- what useful financial information is,
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- when and why financial information may not be useful and reliable,
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- the most common errors are encountered daily in financial statements,
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- how, in practice, to use the knowledge, experience and competence of the statutory auditor to improve the reliability of financial statements;
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