Auditing Literature review Example | Topics and Well Written Essays - 250 words

Auditing - Literature review Example lified public accountant to an organization during the period of the audit engagement but are not connected to an audit or checking of an organizations financial statement. Auditor’s independence is the foundation of the auditing profession (Miettinen, 2008). Non-audit services largely affect the auditor’s independence. Due to the non-audit, services conducted in an organization, the accuracy of the information given by the auditors’ will increase compared to when they give information without non-audit services being done (Adelopo, 2012). There also exists a relationship between non-audit service fees and auditing quality. Non-audit services increase the quality of auditing in any organization (Reckers, 2003). The quality of auditing is increased, as the auditors are aware that the documents in the organization have been scrutinized. Since the no-audit service and auditors pass through the information, number of errors containing the information is reduced (Beattie, Fearnley, and Hines, 2011). Non-audit services and auditing independence are somehow related. The non-audit services affect the independence of auditing directly as they affect how the audit is carried out. The practices are similar as both try to improve the quality of information given by scrutinizing the information of the financial statements and the report given to shareholders (Dunne and Morris, 2008). Strohm, C. (2006). United States and European Union auditor independence regulation implications for regulators and auditing practice. Wiesbaden, Deutscher Universitäts-Verlag.