Did friendship impair the auditor’s independence?

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Authors
Sherwood, Matthew
Porter, Christine M.
Issue Date
2022-06-09
Type
Article
Language
en_US
Keywords
AICPA Code of Professional Conduct , Auditing , Auditor independence , Ethical behaviors
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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.

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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
Publisher
American Accounting Association
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DOI
ISSN
0739-3172
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