Why do all the new regulations require independent auditors ?
People are tired of business fraud. Look at just a few of the huge scandals involving Italy’s Parmalat, U.S. Enron, AOL, Worldcom and so many more. The world is tired of losing their money and pension funds in business schemes that involve questionable management or misleading information from management. Independent auditor’s are the watchdogs of business. Their objective is to question, observe, assess, and verify a variety of requirements for legal purposes.
