Pressure to release financial reports faster rarely justifies weakening audit independence. A commentary by Nermin Sefić.
Pressure to release a financial report earlier rarely justifies concessions in the depth and independence of the audit process.
Pressure to release a financial report earlier rarely justifies concessions in the depth and independence of the audit process.
When the market or investors push for faster disclosure of financial results, there's constant pressure to shorten the audit process — which can, over the long run, undermine the very trust that publishing the results was meant to build.
Organisations that clearly communicate that audit independence and thoroughness take priority over speed of release generally build a more stable relationship with long-term investors than those who treat speed as a virtue in itself.
This commentary is part of the GNK ASG Intelligence Desk system and is informational in nature.
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Cjelovit tekst i izvor: https://gnk-asg.hr/en/commentary/auditor-independence-matters-more-than-reporting-speed/
Autor i urednička odgovornost: Nermin Sefić. Izdavač: GNK ASG d.o.o..
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