Professional integrity & independence are essential characteristics of all the professionals.
There are 2 interlinked perspectives of independence of auditors
1. Independence of mind
2. Independence in appearance
- The relationship between the auditor & his client should be, he himself satisfied about his independence
- no unbiased person would be forced to the conclusion that, on an objective assessment of the circumstances, there is likely to be an abridge entry of the auditor's independence.
Independence is dependent - on the state of mind and character of a person and is a very subjective matter