Thesis Auditor Independence

Thesis Auditor Independence-90
- To determine the actions taken in Mauritius to ensure confidence in auditors’ work to the public by manipulating audit quality, audit failure, earning management, the audit process as a whole An audit is basically an examination of a set of records, both financial and non financial, to ensure that they can be relied upon in terms of accuracy and completeness.An auditor is a qualified person who carries out the audit assignment and reports on the ‘true and fair view’ of the client entity’s financial statements so that the users of financial statements can rely on the reliability and credibility of the financial statements.

- To determine the actions taken in Mauritius to ensure confidence in auditors’ work to the public by manipulating audit quality, audit failure, earning management, the audit process as a whole An audit is basically an examination of a set of records, both financial and non financial, to ensure that they can be relied upon in terms of accuracy and completeness.An auditor is a qualified person who carries out the audit assignment and reports on the ‘true and fair view’ of the client entity’s financial statements so that the users of financial statements can rely on the reliability and credibility of the financial statements.

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Auditors play an important role in the capital markets.

Financial markets crisis since 2007 has unfolded many issues regarding the supervision of financial institutions, financial reporting and auditing as of core importance to many regulatory bodies in order to ensure proper-functioning framework in the internal market, more specifically, this has brought issues of long-standing debate (Brown, 2005; Young, 2005; Reinstein and Mc Millan, 2004; Dewing and Russell, 2003) including: audit and accounting regulation; auditor independence; earning management; and audit and audit firm quality controls.

We conclude that changes in the context of work have contributed to the demise of ethics among professional accountants and suggest that further research be done to elaborate the relationship between client commitment and independence commitment.

In almost all countries auditing, as a profession, is becoming very demanding.

Part 2: The impact of both auditor independence and audit risk on the main elements related to an audit work; audit quality, audit failure, earning management and the audit process, to ensure confidence for the public interest.

-To highlight the importance of auditor independence and how it is fundamental to public confidence in the audit process.This research explores the relationship between work context and professional ethics.Specifically, we analyze through an online survey of professional accountants the degree to which changing work conditions have altered individual accountants’ commitment to the core professional value of auditor independence.This issue results in a lack of confidence on part of the public.Ethics have been observed to play a key part in the work of auditors.It is argued that poor outcomes arise where the safeguards are insufficient defence against the threats thus increasing independence risk and also incentives also influence an auditor.Stakeholders and regulators due to their concerns for the audit quality have criticized the auditing profession.Audit independence as well as audit risk, both has a significant effect on audit quality and audit credibility and the economy as a whole and is also related to sustainable success.Safeguards are identified and classified by the Financial Reporting Council, the Mauritius Institute of Professional Accountants and the National Committee on Corporate Governance to strengthen auditor independence.It evaluates the statutory framework supporting the accountancy profession; education and training of accountants; professional accountancy organizations and ethics; accounting and auditing standards; and monitoring, enforcement, and oversight of the profession.The link between auditor independence and audit risk is closely linked.

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