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Audit Independence (audit + independence)
Selected AbstractsTwo Factors Affecting Internal Audit Independence and Objectivity: Evidence from SingaporeINTERNATIONAL JOURNAL OF AUDITING, Issue 2 2001Jenny Goodwin This study examines two factors that may influence the independence and objectivity of internal audit. The first, affecting the organizational independence of the internal audit function, is its relationship with the audit committee. The second is the use of the function as a management training ground. It is argued that this practice might affect individual objectivity because internal auditors may be reluctant to withstand pressure from an auditee who could be their future supervisor. A survey of chief internal auditors in Singapore was undertaken to establish current practice in these areas and to identify relationships between these variables. A strong relationship between the audit committee and the internal audit function was found, with the level of interaction being greater when the audit committee was comprised solely of independent directors. The use of the internal audit function as a management training ground was also found to be quite widespread in Singapore. [source] Professionalism vs Commercialism: The Association Between Non-Audit Services (NAS) and Audit IndependenceJOURNAL OF BUSINESS FINANCE & ACCOUNTING, Issue 5-6 2001Divesh S. Sharma The implications of the provision of NAS to audit clients on audit independence have attracted considerable regulatory and research attention. This study contributes to this topical issue by investigating the association between NAS and audit independence using actual fee data and a more appropriate context that enables a proper ex post assessment of the correctness of the auditor's opinion decision. The results are consistent with the notion that auditors exhibit low propensity to issue a going-concern qualification to clients generating higher proportions of NAS fees to total fees and raise independence implications regarding the joint provision of audit and NAS. [source] The Ramsay Report and the Regulation of Auditor Independence in AustraliaAUSTRALIAN ACCOUNTING REVIEW, Issue 27 2002Colleen Hayes This paper provides an overview of key recommendations contained in the Ramsay Report (2001), "Independence of Australian Company Auditors", vis-à-vis current Australian requirements and the overseas developments on which they are based. Specific reference is made to the United States Securities and Exchange Commission "Rules on Audit Independence", released in November 2000, and the proposals contained in the International Federation of Accountants Ethics Committee's re-exposure draft, "Independence,Proposed Changes to the Code of Ethics for Professional Accountants", released in April 2001. [source] Professionalism vs Commercialism: The Association Between Non-Audit Services (NAS) and Audit IndependenceJOURNAL OF BUSINESS FINANCE & ACCOUNTING, Issue 5-6 2001Divesh S. Sharma The implications of the provision of NAS to audit clients on audit independence have attracted considerable regulatory and research attention. This study contributes to this topical issue by investigating the association between NAS and audit independence using actual fee data and a more appropriate context that enables a proper ex post assessment of the correctness of the auditor's opinion decision. The results are consistent with the notion that auditors exhibit low propensity to issue a going-concern qualification to clients generating higher proportions of NAS fees to total fees and raise independence implications regarding the joint provision of audit and NAS. [source] | ||||||||||