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People are taught the professional behavior; integrity, objectivity and independence.But have regulatory framework and education been able to instill complete independent (both in fact and in appearance) in the work of auditor?One finding, however, contradicts our general thesis.
Auditor independence has long been regarded as a cornerstone of the auditing profession (AICPA 1999; SEC 2000).
The government of Mauritius often requests for a Report on Observance of Standards and Codes, Accounting and Auditing Review (ROSC A&A) which focuses on the institutional framework underpinning the accounting and auditing practices in the country.
- 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 factors associated with the decision-making process of an auditor; ethical, moral and independence in judgment-base decisions.
Thesis Auditor Independence
-To determine the extent to which Mauritius framework protect auditors’ independence. -To analyse the impacts that auditor independence and audit risk have on audit work and hence public confidence.
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.
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.