AUDITOR’S INDEPENDENCE IN DIFFERENT COUNTRIES

Muhammad Azizul  Islam; Mohammad Istiaq  Azim

doi:10.53808/KUS.2000.2.2.0058-mb

Authors

Muhammad Azizul Islam Business Administration Discipline, School of Business, Khulna University, Khulna 9208, Bangladesh
Mohammad Istiaq Azim Department of Accounting, Faculty of Business Studies, University of Dhaka, Dhaka 1000, Bangladesh

DOI:

https://doi.org/10.53808/KUS.2000.2.2.0058-mb

Keywords:

Auditor; Independence; Financial statement; True and fair view; Compliance

Abstract

Independence is the keystone of the audit profession; without independence, the users of financial statements would not be able to rely on the auditor’s report. Auditor independence in developing countries is important since the auditor by providing credibility to financial statements facilitates the allocation of scarce capital resources in financial and capital markets. The concept of independence is not absolute; no auditors can claim complete independence of a client. Rather, independence is relative - a matter of degree. In this paper we will try to give a summarized picture of Auditor’s Independence in different countries.

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