Threats to Auditor Independence

Florin Ioan Scortescu ()
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Florin Ioan Scortescu: Petre Andrei University of Iasi

Anuarul Universitatii „Petre Andrei” din Iasi / Year-Book „Petre Andrei” University from Iasi, Fascicula: Drept, Stiinte Economice, Stiinte Politice / Fascicle: Law, Economic Sciences, Political Sciences, 2017, issue 20, 150-166

Abstract: Acceptance audits, according to the International Standard on Auditing ISA 200 "Overall objectives of the independent auditor and an audit in accordance with International Standards on Auditing" is based on the fact that the auditor is subject to certain ethical requirements, including those relating to independence. Code of Ethics for Professional Accountants (IFAC Code), Part A, provides basic principles that auditors must comply, namely: integrity; objectivity; professional competence and due care; confidentiality; professional behavior. If are identified threats to auditor independence, except those unimportant, appropriate safeguards should be established to ensure its independence. They should be used to eliminate those threats or reduce them to an acceptable level.

Keywords: auditor; independence; own interest; familiarity; intimidation (search for similar items in EconPapers)
Date: 2017
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Persistent link: https://EconPapers.repec.org/RePEc:lum:rev11d:v::y:2017:i:20:p:150-166

DOI: 10.18662/upalaw/10

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