The Function and Independence of Auditor
               
I. Introduction
Concern has been growing recently that the modern commercial organisation is becoming less auditable. The volume and complexity of transactions and the opacity of computer-based information systems, coupled with the increased knowledge gap between auditors and clients, make the auditor reliant on evidence whose quality and reliability is open to broad challenges. At the same time, the changing nature of financial reports, from summaries of the past to images of the present and windows on the future, weakens the link between evidence of underlying activities and transactions and their representation in financial statements.
My paper discusses some aspects of indepedence of external auditor and fraud. I examine the adequacy of auditor’s indepedence and determines whether or not inadequacy of auditor’s indepedence is responsible for fraud. The paper concludes the defination of internal and external auditing. In a descriptive manner, the paper examines qualities required of professional external auditors and auditor’s independence - statutory regulations,with their ethnical guidelines on auditor’s independence; and deficiencies in the present practice. A few suggestions are finally put forward which, if accepted, would improve the performance of auditors and无忧论文 【http://www.uklunwen.com】 make corporate fraudsters
II. The independence of auditor