PTL Case_Auditing and Assurance Services

PTL Case_Auditing and Assurance Services

PTL Case_Auditing and Assurance Services.

PTL Case Auditing and Assurance Services; an auditor is an independent practitioner, who ought to maintain unbiased attitude throughout the audit practice. An auditor is not supposed to have any interest in the firm he/she is auditing because having such interest can compromise the audit report given.

People and organizations that have interest in the financial position in a company. PTL Case Auditing and Assurance Services; an auditor is an independent practitioner, who ought to maintain unbiased attitude throughout the audit practice.

……middle of paper….

As a general rule, an auditor is supposed to issue a statement concerning the fair value of the company. People and organizations that have interest in the financial position in a company. For example, potential investors, bankers, and creditors use the audited report.

Although it is essential for an auditor to be independent, some auditors compromise their independence, the main reason as to why auditor compromise independence is to gain financial or other favors from the client. If the auditor has some direct interest with the client’s business such as being an employee, a family member or a shareholder of the company he/she is auditing, this compromises the auditor’s independence.

Works cited
Basu, S K. Fundamentals of Auditing. Delhi: Pearson, 2009.

Do you need to sample other essays? Check out all our blog posts where we have a wide variety of topics e.g. Psychology.

Are you ready to order a custom essay from us? Place your order with us today.

  • Length: 358 Words (1)
  • Rating:Stronger Essays
  • Price: $5