Independence. The attribute of independence has been traditionally associated with the independent auditor's function of auditing and expressing opinions on the financial statements.

Required

A What is meant by ‘independence’ as applied to the independent auditor's function of auditing and expressing opinions on financial statements? Discuss.

B Environpro, SA, is indebted to a Commissaire aux Comptes for unpaid fees and has offered to issue him unsecured interest-bearing notes.

Would the Commissaire’s acceptance of these notes have any bearing on his independence in his relations with Environpro, SA? Discuss.