Auditor’s Independence And Corporate Fraud

CHAPTER ONEINTRODUCTION 1.1    BACKGROUND OF THE STUDY Professional independence is a concept fundamental to the accountancy profession. It is essentially an attitude of mind characterized by integrity and objective approach to professional work. The second half of the 20th century according to Baker (2005) saw various debates in both the academic and professional literature about auditor independence. One argument pertaining to auditor independence from idealized views of professionalism that emerged historically in both the British and the American accounting profession is the…