Academic research addresses the conceptual issues outlined in this chapter. To help you consider the linkage between academic research and the practice of auditing, read the following research article and answer the questions below. Johnstone, K., Sutton, M., & Warfield, T. (2008). Antecedents and Consequences of Independence Risk: Framework for Analysis. Accounting Horizons.

Sarasota: 15(1): 1-18.

i. What is the issue being addressed in the paper?

ii. Why is this issue important to practicing auditors?

iii. What factors are identified as contributing to the issue? What factors are identified as mitigating the issues?

iv. What are some actions that can be taken to address this issue?

v. What are the implications of these findings for audit quality (or audit practice) on the audit profession?

vi. Describe any limitations of the research that the student (and practice) should be aware of.