Problem:
Independence is the cornerstone of auditing. It has two facets - the fact of independence (also called actual independence) and the appearance of independence (also called perceived independence). Discuss the following in your essay (approximately 1,000 words): Why is auditor independence so important? Evaluate auditor independence in the aftermath of CLERP 9 amendments. Have these amendments been successful?
Additional Information:
This question is basically belongs to Accounting as well as it explains about auditor independence. Independence is viewed as the cornerstone of auditing. This has been stated in detail in the solution.