Business, Management and Accounting
4 years ago

New Directive Aims to Safeguard Auditor Independence in Banking Regulation

1 view
Auditor Independence-Its Importance to the External Auditor's Role in Banking Regulation and Supervision
Mariane.B. Ojo

Paper Summary

The article discusses the importance of auditor independence in banking regulation. It looks at how external auditors need to be unbiased and separate from the companies they audit to ensure accurate financial reporting. The researchers explore potential threats to auditor independence, such as conflicts of interest, and discuss measures put in place to protect it. The findings suggest that having independent audit committees and rotating auditors can help maintain auditor independence in the banking sector.

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