The relationship between an external auditor and an organization is crucial in ensuring the accuracy and integrity of financial reporting. To prevent bias and maintain neutrality, regulators have implemented strict guidelines and regulations that govern the relationship between auditors and organizations. For example, auditors are required to maintain independence and objectivity in their work and are prohibited from having any financial interests in the organizations they audit. Additionally, regulatory bodies like the Public Company Accounting Oversight Board (PCAOB) oversee auditing firms to ensure they adhere to professional standards and ethical guidelines. Regular monitoring and inspections help to maintain the integrity of the audit process and minimize the risk of bias. Overall, these measures aim to safeguard the reliability of financial statements and protect the interest of stakeholders