FULL DISCLOSURE: Companies May Be Courting "Auditor Independence" Risks

February 3, 2011

by Eric Krell

Members of the SEC have suggested that some within the accounting industry may be returning to a pre-Sarbanes-Oxley practice of providing certain services to audit clients – an arrangement that would compromise auditor independence.

Risk Chat: Are Auditor-Independence Issues Returning? | Source: The Big Fat Finance Blog.

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Auditor Independence

It will help practitioners, investors, regulators and other standard setters understand the significance of auditor independence and provide a common language so that those involved in the ongoing independence debate can contribute to the development of ISB standards. apple ipod store

An audit firm's independence

An audit firm's independence is impaired with respect to an audit client. To emphasize auditor independence from management, many corporations audit report adequately disclosing this information and then it may issue an unqualified opinion. - lead generation