'We really fail to see why it must be auditors who must be IFRS specialists and not listed companies themselves,' Ernst & Young (South Africa) audit partner
Auditors in South Africa are up in arms over new requirements by the stock exchange for firms to have registered IFRS specialists if they are to audit listed companies.
The firms – which include the Big Four names – say this ought to be a requirement imposed on listed companies, who report results in IFRS.
'We really fail to see why it must be auditors who must be IFRS specialists and not listed companies themselves,' Ernst & Young audit partner Garth Coppin said.
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