Authorised Adviser – as a company of public trust in the NewConnect OTC (Over-The-Counter) exchange

The paper notices that Authorised Advisers play the role of internal auditors in the companies listed on the NewConnect market. In principle, the issuers are small and medium enterprises who expect adequate support and help. The advisers who are responsible for proper introduction and servicing of t...

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Bibliographic Details
Published in:Copernican journal of finance & accounting 2014-04, Vol.3 (1)
Main Authors: Bożena Kołosowska, Grażyna Voss
Format: Article
Language:English
Subjects:
abuse of
auditing
ethical standards
Online Access:Get full text
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Summary:The paper notices that Authorised Advisers play the role of internal auditors in the companies listed on the NewConnect market. In principle, the issuers are small and medium enterprises who expect adequate support and help. The advisers who are responsible for proper introduction and servicing of the companies on the market must of course be subject to appropriate legal regulations. Yet, as a rule, the Over-The-Counter market of small and medium enterprises’ stocks is subject to certain simplifications which cause that not all of the issues regarding the responsibility of Authorised Advisers have been regulated. The introduction of more detailed regulations contributes to increasing the transparency of the market and to assuring greater safety for its participants, and unethical behaviours eliminate the entities which should have not been present in the list of authorised advisers.
ISSN:2300-1240
2300-3065