Provision of the Client Audit and Consulting Services
The statutory auditor evaluates the correctness of financial statements. The audit report is only beneficial if it contains reliable information. If addressees do not believe that an auditor is independent of a company, they will have little confidence in the auditor's opinion. The IFAC distinguishes between independence in mind and independence in appearance. Independence in mind is defined as the state of mind that permits the provision of an opinion without being affected by influences that compromise professional judgment, allowing an individual to act with integrity, and exercise objectivity and professional scepticism and independence in appearance as the avoidance of facts ...