Auditor independence: Illusion or reality?

From: The CPA Journal | Date: February 1, 1999| Author: | Copyright information

SEC Director of Enforcement Richard H. Walker made it unequivocal that, from his perspective, the appearance of auditor independence matters: "Investors know that they can trust our auditors because they are-and of equal importance-they appear to be independent." These were his words in a Decemher 17, 1998, speech at a symposium on auditor independence sponsored by The CPA Journal and the New York State Society of CPAs.

Not all panelists at the symposium agreed with Walker. James L. Cochrane, chief economist and senior vice president, strategy and planning of the New York Stock Exchange, ...

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