Auditors voice concern over firms’ accounts

A growing number of auditors are concerned about signing off company accounts due to concerns over property valuations and bank debt arrangements.

26th September, 2009

A growing number of auditors are concerned about signing off company accounts due to concerns over property valuations and bank debt arrangements.

When auditors have concerns about company accounts they often ‘qualify’ them, a move which sets off alarm bells in the business community. Aidan Lambe, technical policy director with Chartered Accountants Ireland (ICAI), said the issue of qualifying audit reports was the organisation’s most common query at the moment.

‘‘We...

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