audit independence

Can Audit Firms Truly Be Independent?

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Can Audit Firms Truly Be Independent? Ultimately, as long as audit appointments and fees are determined by the company being audited, the auditor can never truly be economically independent of the client. That is why there are broader codes of conduct which govern the relationship between both parties. What does it mean for a CPA

What Impairs Independence Of An Auditor?

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What Impairs Independence Of An Auditor? 101-12—Independence and cooperative arrangements with clients. Independence will be considered to be impaired if, during the period of a professional engagement, a member or his or her firm had any cooperative arrangement with the client that was material to the member’s firm or to the client. Why is it