Auditors and Independence
Independence is a concept of fundamental
importance in business relations and corporate governance.
It is above all crucial in auditing, which provides a
guarantee of the integrity of the numbers on which an
efficient allocation of capital within the capital market
system depends. The job of auditors is to express an
independent opinion on whether financial statements are
reliable and credible. They report on the statements'
compliance with the law and accounting standards and,
depending on the jurisdiction, whether the accounts prepared
by the board reveal either a fair, or a true and fair,
picture of economic reality.
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Bibliographic Details
| Main Author: |
World Bank |
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| Language: | English |
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| Published: |
World Bank, Washington, DC
2006-01
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| Subjects: | ACCOUNTANCY,
ACCOUNTANCY FIRMS,
ACCOUNTING,
ACCOUNTING STANDARDS,
ACCOUNTS,
AUDIT CLIENTS,
AUDIT COMMITTEES,
AUDITING,
AUDITING STANDARDS,
AUDITOR INDEPENDENCE,
AUDITORS,
AUDITS,
BUSINESS RELATIONSHIPS,
CAPITAL MARKETS,
CHIEF FINANCIAL OFFICER,
COMMERCIAL RELATIONSHIPS,
COMPANY,
COMPANY LAW,
COMPETITIVE MARKETS,
CONFLICT OF INTEREST,
CONFLICTS OF INTEREST,
CONGLOMERATES,
CORPORATE COLLAPSES,
CORPORATE EXECUTIVES,
CORPORATE GOVERNANCE CODES,
CORPORATE MANAGERS,
CORPORATE SCANDALS,
CORPORATION,
EMPLOYMENT,
EXPENDITURES,
FINANCIAL INFORMATION,
FINANCIAL STATEMENTS,
FOREIGN COMPANIES,
FRAUDULENT ACCOUNTING,
GLOBAL CORPORATE GOVERNANCE,
INSTITUTIONAL STRUCTURES,
INVESTIGATION,
LAW FIRMS,
LIMITED,
MARKETING,
NATIONAL FIRMS,
PARTNERSHIP,
PRINCIPAL-AGENT,
PUBLIC COMPANY,
QUALITY AUDITS,
REGULATORY AUTHORITIES,
SELLING,
SHAREHOLDERS,
STOCK EXCHANGE,
STOCK EXCHANGES,
STOCK MARKET,
STOCKHOLDERS,
SUBSIDIARY, |
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| Online Access: | http://documents.worldbank.org/curated/en/2006/01/7480314/auditors-independence-auditors-independece
https://hdl.handle.net/10986/11200
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