Did friendship impair the auditor’s independence?
Sherwood, Matthew Porter, Christine M.
Sherwood, Matthew
Porter, Christine M.
Other Names
Location
Time Period
Advisors
Original Date
Digitization Date
Issue Date
2022-06-09
Type
Article
Genre
Keywords
AICPA Code of Professional Conduct,Auditing,Auditor independence,Ethical behaviors
Subjects (LCSH)
Citation
Matthew Sherwood, Christine Porter; Did Friendship Impair the Auditor's Independence?. Issues in Accounting Education 1 November 2022; 37 (4): 121–130. doi: https://doi.org/10.2308/ISSUES-2020-046
Abstract
The objective of this case is to help students identify potential violations of independence between a member of an external financial statement audit team and a client employee. Additionally, this case informs students of the audit firm's responsibilities to identify and address independence violations should they arise. The concept of independence is often difficult for students without any practice-oriented exposure to grasp. The case, loosely based on an actual auditor-client situation, presents a situation an audit professional might encounter in the ordinary course of business to bring the concept of independence to life. Instructors can use this case to enhance their lecture and discussion of auditor independence, either as a graded assignment or a guide for an in-depth class discussion.
Table of Contents
Description
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Publisher
American Accounting Association
Journal
Book Title
Series
Issues in Accounting Education
Volume 37, No. 4
Volume 37, No. 4
Digital Collection
Finding Aid URL
Use and Reproduction
Archival Collection
PubMed ID
DOI
ISSN
0739-3172