Auditors and Independence
Independence is a concept of fundamental importance in business relations and corporate governance. It is above all crucial in auditing, which provides a guarantee of the integrity of the numbers on which an efficient allocation of capital within t...
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| Format: | Brief |
| Language: | English |
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World Bank, Washington, DC
2012
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| Online Access: | http://documents.worldbank.org/curated/en/2006/01/7480314/auditors-independence-auditors-independece http://hdl.handle.net/10986/11200 |
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okr-10986-112002021-04-23T14:02:54Z Auditors and Independence World Bank ACCOUNTANCY ACCOUNTANCY FIRMS ACCOUNTING ACCOUNTING STANDARDS ACCOUNTS AUDIT CLIENTS AUDIT COMMITTEES AUDITING AUDITING STANDARDS AUDITOR INDEPENDENCE AUDITORS AUDITS BUSINESS RELATIONSHIPS CAPITAL MARKETS CHIEF FINANCIAL OFFICER COMMERCIAL RELATIONSHIPS COMPANY COMPANY LAW COMPETITIVE MARKETS CONFLICT OF INTEREST CONFLICTS OF INTEREST CONGLOMERATES CORPORATE COLLAPSES CORPORATE EXECUTIVES CORPORATE GOVERNANCE CODES CORPORATE MANAGERS CORPORATE SCANDALS CORPORATION EMPLOYMENT EXPENDITURES FINANCIAL INFORMATION FINANCIAL STATEMENTS FOREIGN COMPANIES FRAUDULENT ACCOUNTING GLOBAL CORPORATE GOVERNANCE INSTITUTIONAL STRUCTURES INVESTIGATION LAW FIRMS LIMITED MARKETING NATIONAL FIRMS PARTNERSHIP PRINCIPAL-AGENT PUBLIC COMPANY QUALITY AUDITS REGULATORY AUTHORITIES SELLING SHAREHOLDERS STOCK EXCHANGE STOCK EXCHANGES STOCK MARKET STOCKHOLDERS SUBSIDIARY Independence is a concept of fundamental importance in business relations and corporate governance. It is above all crucial in auditing, which provides a guarantee of the integrity of the numbers on which an efficient allocation of capital within the capital market system depends. The job of auditors is to express an independent opinion on whether financial statements are reliable and credible. They report on the statements' compliance with the law and accounting standards and, depending on the jurisdiction, whether the accounts prepared by the board reveal either a fair, or a true and fair, picture of economic reality. 2012-08-13T14:25:50Z 2012-08-13T14:25:50Z 2006-01 http://documents.worldbank.org/curated/en/2006/01/7480314/auditors-independence-auditors-independece http://hdl.handle.net/10986/11200 English Private Sector Opinion; No. 4 CC BY-NC-ND 3.0 IGO http://creativecommons.org/licenses/by-nc-nd/3.0/igo/ World Bank World Bank, Washington, DC Publications & Research :: Brief Publications & Research |
| repository_type |
Digital Repository |
| institution_category |
Foreign Institution |
| institution |
Digital Repositories |
| building |
World Bank Open Knowledge Repository |
| collection |
World Bank |
| language |
English |
| topic |
ACCOUNTANCY ACCOUNTANCY FIRMS ACCOUNTING ACCOUNTING STANDARDS ACCOUNTS AUDIT CLIENTS AUDIT COMMITTEES AUDITING AUDITING STANDARDS AUDITOR INDEPENDENCE AUDITORS AUDITS BUSINESS RELATIONSHIPS CAPITAL MARKETS CHIEF FINANCIAL OFFICER COMMERCIAL RELATIONSHIPS COMPANY COMPANY LAW COMPETITIVE MARKETS CONFLICT OF INTEREST CONFLICTS OF INTEREST CONGLOMERATES CORPORATE COLLAPSES CORPORATE EXECUTIVES CORPORATE GOVERNANCE CODES CORPORATE MANAGERS CORPORATE SCANDALS CORPORATION EMPLOYMENT EXPENDITURES FINANCIAL INFORMATION FINANCIAL STATEMENTS FOREIGN COMPANIES FRAUDULENT ACCOUNTING GLOBAL CORPORATE GOVERNANCE INSTITUTIONAL STRUCTURES INVESTIGATION LAW FIRMS LIMITED MARKETING NATIONAL FIRMS PARTNERSHIP PRINCIPAL-AGENT PUBLIC COMPANY QUALITY AUDITS REGULATORY AUTHORITIES SELLING SHAREHOLDERS STOCK EXCHANGE STOCK EXCHANGES STOCK MARKET STOCKHOLDERS SUBSIDIARY |
| spellingShingle |
ACCOUNTANCY ACCOUNTANCY FIRMS ACCOUNTING ACCOUNTING STANDARDS ACCOUNTS AUDIT CLIENTS AUDIT COMMITTEES AUDITING AUDITING STANDARDS AUDITOR INDEPENDENCE AUDITORS AUDITS BUSINESS RELATIONSHIPS CAPITAL MARKETS CHIEF FINANCIAL OFFICER COMMERCIAL RELATIONSHIPS COMPANY COMPANY LAW COMPETITIVE MARKETS CONFLICT OF INTEREST CONFLICTS OF INTEREST CONGLOMERATES CORPORATE COLLAPSES CORPORATE EXECUTIVES CORPORATE GOVERNANCE CODES CORPORATE MANAGERS CORPORATE SCANDALS CORPORATION EMPLOYMENT EXPENDITURES FINANCIAL INFORMATION FINANCIAL STATEMENTS FOREIGN COMPANIES FRAUDULENT ACCOUNTING GLOBAL CORPORATE GOVERNANCE INSTITUTIONAL STRUCTURES INVESTIGATION LAW FIRMS LIMITED MARKETING NATIONAL FIRMS PARTNERSHIP PRINCIPAL-AGENT PUBLIC COMPANY QUALITY AUDITS REGULATORY AUTHORITIES SELLING SHAREHOLDERS STOCK EXCHANGE STOCK EXCHANGES STOCK MARKET STOCKHOLDERS SUBSIDIARY World Bank Auditors and Independence |
| relation |
Private Sector Opinion; No. 4 |
| description |
Independence is a concept of fundamental
importance in business relations and corporate governance.
It is above all crucial in auditing, which provides a
guarantee of the integrity of the numbers on which an
efficient allocation of capital within the capital market
system depends. The job of auditors is to express an
independent opinion on whether financial statements are
reliable and credible. They report on the statements'
compliance with the law and accounting standards and,
depending on the jurisdiction, whether the accounts prepared
by the board reveal either a fair, or a true and fair,
picture of economic reality. |
| format |
Publications & Research :: Brief |
| author |
World Bank |
| author_facet |
World Bank |
| author_sort |
World Bank |
| title |
Auditors and Independence |
| title_short |
Auditors and Independence |
| title_full |
Auditors and Independence |
| title_fullStr |
Auditors and Independence |
| title_full_unstemmed |
Auditors and Independence |
| title_sort |
auditors and independence |
| publisher |
World Bank, Washington, DC |
| publishDate |
2012 |
| url |
http://documents.worldbank.org/curated/en/2006/01/7480314/auditors-independence-auditors-independece http://hdl.handle.net/10986/11200 |
| _version_ |
1764415883141185536 |