The applicability of the proposed accreditation of external auditors of publicly listed companies and their additional reporting requirements
Date of Publication
2002
Document Type
Bachelor's Thesis
Degree Name
Bachelor of Science in Accountancy
Subject Categories
Accounting
College
Ramon V. Del Rosario College of Business
Department/Unit
Accountancy
Thesis Adviser
Greg Villegas
Defense Panel Member
Anson Keh
Abstract/Summary
This research paper aims to determine whether the proposed accreditation of external auditors of publicly listed companies and their additional reporting requirements applicable in the Philippines or not. It determines the reasons on why the SEC proposed such amendments as well as the criteria used in deriving the qualifications from publicly listed companies and from the external auditors are gathered and analyzed.
Increase in number of fraud cases and changes in international standards are primary reason that made SEC proposed such accreditation. The BSP criteria for accreditation and its imposed additional reporting requirements and the reactions from external auditors are considered in deriving the criteria for accreditation. Most of the publicly listed companies welcome the accreditation since they believe it is beneficial to them. A more quality audit reports will be presented to the public. However, external auditors commented that such accreditation would mean work on their part and could affect the relationship of the cleint with its external auditor."
Abstract Format
html
Language
English
Format
Accession Number
TU11608
Shelf Location
Archives, The Learning Commons, 12F, Henry Sy Sr. Hall
Physical Description
85 leaves : ill. (some col.) ; 28 cm.
Keywords
Corporations--Auditing; Corporations-- Accounting; Auditing
Recommended Citation
Castillo, J., Chua, W., Cortez, L., Reyes, M., Sobremonte, K. U., & Umali, N. (2002). The applicability of the proposed accreditation of external auditors of publicly listed companies and their additional reporting requirements. Retrieved from https://animorepository.dlsu.edu.ph/etd_bachelors/14082