Auditor independence From: The CPA Journal | Date: December 1, 1998| Author: | Copyright New York State Society of Certified Public Accountants Dec 1998. Provided by ProQuest LLC.Copyright information

"We should be able to take auditor independence for granted in the same way we take for granted the safety of our food and water."

-Arthur Siegel, executive director of the Independence Standards Board

The issue of auditor independence continues in the spotlight. Instances of alleged audit failure raise questions as to whether the audit partner caved in to pressure from the client to tell the story the way the client wanted. In a speech on September 28, 1998, SEC Chairman Arthur Levitt raised questions about earnings manipulation by public companies to achieve earnings estimates. He spoke ...

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