Vladimír Urbánek (Kurzy.cz)
Czech markets  |  November 22, 2012 14:29:55

PSE to KIT digital, or what are the auditors then actually good?

In connection with current events around the KIT digital view of the Prague Stock Exchange and the "patron" of the company, which is a brokerage company Patria Finance, not too flattering showcase the fact that less than a month after the transition to new market reports come to light suggesting impending bankruptcy firms rather than its future prospects.

We asked, therefore, in this context, the expression of representatives of PSE. Exchange spokesman Jiri Kovarik "... the prospectus of KIT digital before entering a new market duly approved by our regulator, the regulator as well as in the U.S.. Audited company is the 8th largest auditing firm in the world. Responsibility for the problematic process directed against this rather direction.
Exchange has no analytical separation (like no other World Stock Exchange), which audited or controlled for these institutions to their work. The system is set up so that information about the companies that are listed in the prospectus, the regulator controls. The financial results of the company then passes the audit, which is responsible for their validity just audit firm. "
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