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Taking stock of auditor independence.(government-auditor relationship)
Finance officers can take a number of actions to maintain independence from external auditors and thereby strengthen public confidence in the fair presentation of government financial statements.
The collapse of Enron and the debacle at WorldCom are just two instances of the changing dynamic that the external audit function plays in disseminating financial information to users of that data. Because of relationships with their clients beyond the strict audit function, the external auditors of Enron and WorldCom have had their independence questioned by Congress, the business press, and the public. The thrust of the inquiry is the extent, if any, that the alleged ...
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Source: HighBeam Research, Taking stock of auditor independence.(government-auditor relationship)