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International Investing / Australia (All-Ordinaries)

URL:  https://boards.fool.com/harmy-all-this-auditing-stuff-is-over-my-head-16629359.aspx

Subject:  Re: Disclosure Date:  2/4/2002  2:44 AM
Author:  fatcassie1 Number:  3468 of 6186

Harmy,




All this auditing stuff is over my head too, but the thing that worries
everyone is auditor independance when non audit fees exceed by far the fees paid for actual audits.

according to the ASA (once again) the non audit fees paid to the
auditer of MAY exeeded 4million dollars, (audit fees 1.5 million..)

We need to know if an auditor is in a position to blow whistles
and ring bells if he finds irregularities.
His firm stands to lose a lot of rich pickings if he speaks out
doesnt it!

Just another thing that the reglulators should have cleaned up
years ago but never have.


Best,
FC.
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