CFOs of listed firms summoned over rising cases of accounting fraud

Financial markets regulators have summoned the chief financial officers of listed firms as mounting cases of accounting fraud test the effectiveness of market watchdogs.

The Capital Markets Authority (CMA) and the Institute of Certified Public Accountants will Tuesday discuss issues relating to the accountancy profession, the auditors’ and ICPAK’s role in protecting public interest in relation to recent allegations of companies faking accounts.