Independence in auditing

Independence in auditing refers to the auditor's ability to remain unbiased and impartial while examining a company's financial statements. It ensures that the auditor's judgment is not influenced by personal interests, relationships, or any external pressures. This objectivity is crucial for providing a fair assessment of the company's financial health, fostering trust among stakeholders, including investors and regulators. Independence is maintained through professional ethics, rules, and the separation of the auditor's work from any involvement with the client, helping to ensure that financial statements are credible and reliable.