Assignment 1: Discussion-Auditor Independence
An auditor must not only appear to be independent, but must also be independent in fact. Research the concept of "auditor's independence" using your textbook, the Argosy University online library resources, and the Internet.
Respond to the following:
- Explain the concept of "auditor's independence" as it applies to third-party reliance on financial statements.
- Provide a specific example of how an auditor may be independent in fact, but not appear to be independent.
- There are several rules that dictate independence. Explain what is meant by independence and independent mental attitude.
By the due date assigned submit your responses to the Discussion Area. Use the same Discussion Area to comment on your classmates' submissions and continue the discussion until through the end of the module.
Comment on how your classmates would address differing views.