Financial planning


Investors’ confidence in investing in U.S. public companies—and in audited financial information released by those companies—has risen to a seven-year high in 2014.

According to the Center for Audit Quality’s (CAQ’s) Main Street Investor Survey, 80% of 1,049 investors surveyed said they have some, quite a bit, or a great deal of confidence in investing in U.S. publicly traded companies.

That’s a rise of one percentage point over the previous year, and the highest portion recorded since the question was first asked in the survey in 2008.

“We think it’s a very interesting and compelling story,” CAQ Executive Director Cindy Fornelli said during a teleconference with reporters, “reflecting an increasing sense of optimism and confidence about the U.S. economy, U.S. markets, U.S. public companies, and many of the key players in our system.”

The CAQ is affiliated with the AICPA. Investors represented in the survey handle their household’s investments and live in households with more than $10,000 in investments. The survey was conducted in August.

The portion of investors who indicated that they have at least some confidence in audited financial information released by U.S. public companies rose three percentage points from last year to 75%. That’s the highest mark since the first year of the survey in 2007, when 80% of investors indicated confidence in audited financial information before the financial crisis.

“When asked about which parties [investors trust]—those that are charged with looking out for their interest—auditors come in first place,” Fornelli said. “… And I think there’s a parallel there, obviously.”

Survey results are available at tinyurl.com/ke9q3lt.

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