ICAEW GUIDANCE ON BENCHMARK ASSURANCE

摘要

The manipulation of key industry benchmarks - including the Libor scandal - has led to the release of new guidance to help auditors assure their clients that benchmarks and indices used in an audit are consistent and based on robust and reliable processes The ICAEW said that independent assurance is critical to the problem of restoring market trust and inspiring confidence in financial services. The move follows several instances where alleged market manipulation of key industry benchmarks, including LIBOR, has damaged confidence in their reliability.