Question: Determine why it is important to have auditing standards. Specifically, why are ethics important to the auditing profession? Explain why independence is such an important

  • Determine why it is important to have auditing standards. Specifically, why are ethics important to the auditing profession?
  • Explain why independence is such an important requirement for auditors. Who gets hurt when accountants and auditors fail to live up to high ethical standards?

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Importance of Auditing Standards and Ethics in the Auditing Profession 1 Importance of Auditing Standards Auditing standards are essential for the following reasons Consistency They ensure that audits ... View full answer

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