Home / Medical / Auditors: Watchdogs, bloodhounds or whistle-blowers? (Daily Mirror (Sri Lanka))

Sri Lanka's securities watchdog, the Securities and Exchange Commission (SEC), is contemplating introducing new laws, requiring audit firms to report to the regulator the irregularities in the financial statements of listed firms they audit. While a requirement for auditors to police firms exists in Malaysia, it is an exception. Auditors have maintained that their report isn't…

Auditors: Watchdogs, bloodhounds or whistle-blowers? (Daily Mirror (Sri Lanka))

Sri Lanka’s securities watchdog, the Securities and Exchange Commission (SEC), is contemplating introducing new laws, requiring audit firms to report to the regulator the irregularities in the financial statements of listed firms they audit. While a requirement for auditors to police firms exists in Malaysia, it is an exception. Auditors have maintained that their report isn’t…

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