It is an indisputable fact that ‘Independence’ is the most important matter affecting the credibility of auditors. Discuss, giving examples, matters other than independence which might be relevant in relation to the credibility of the auditor and steps that the accounting profession has taken or might take in relation to them.
Below is the structure of how to write it.
You should start with a brief statement or introduction on auditor’s independence
1. Mention and discuss factor 1
• Give examples
• Also discuss the steps taken by the accountancy profession to mitigate such challenge
2. Mention and discuss factor 2
• Give examples
• Also discuss the steps taken by the accountancy profession to mitigate such challenge(Expected to support these arguments with their own research and provide in-text citations)
