ACCA SBL Syllabus F. Organisational Control And Audit - Importance of auditor’s independence - Notes ^{2 / 8}

Auditor independence refers to the independence of the internal or external auditor from those who may have a financial interest in the business being audited, e.g. the Finance Director.

Independence requires integrity and an objective approach to the audit process.

The concept requires the auditor to carry out his or her work freely and in an objective manner, as to ensure financial rigour is applied to the business.

Without this the whole process is flawed and would be worthless to the user (shareholder)