Independence is often hailed as the cornerstone of auditing and recognized as the most important characteristic of

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Independence is often hailed as the "cornerstone of auditing" and recognized as the most important characteristic of an auditor.

Required
a. What is meant by independence as it is applied to the CPA?
b. Compare independence of an auditor with that of a
1. Judge
2. Lawyer
c. Describe the difference between the independence of an external and an internal auditor.
d. For each of the following situations, indicate whether the auditor is in violation of the AICPA's Code. Explain your answers.
1. The auditor's father works for an audit client as (a) A custodial engineer (b) The treasurer
2. The auditor's third cousin twice removed is treasurer of an audit client.
3. The auditor of a charitable organization is also its treasurer.

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Auditing a business risk appraoch

ISBN: 978-0324375589

6th Edition

Authors: larry e. rittenberg, bradley j. schwieger, karla m. johnston

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