Did you know that independence is essential in independent audit?

the credibility and reliability conferred on the financial statements result from the user's perception of this information, shareholders, creditors, suppliers, society as a whole, which The independent auditor is impartial in his analysis, without being influenced by financial, commercial or personal interests, in relation to the audited company, those responsible for the preparation and approval of the financial statements or its governance.

It is no wonder that it is so valuable that it is for the audit independence is part of the entities itself. >

independence is closely related to the fundamental principles of objectivity and integrity, demanding: (a) independence of thought-posture that allows the expression of a Conclusion that is not affected by influences that compromise professional judgment, thus allowing the professional to act with integrity and exercise objectivity and professional skepticism; and (b) appearance of independence-the prevention of facts and circumstances capable of bringing a well-informed and prudent third party to think that the integrity, objectivity or professional skepticism of the firm or member of the audit team are compromised

The principles of objectivity and integrity are among the five fundamental principles of compulsory observance for all professionals and are especially relevant in the independence and posture of skepticism. professional, indispensable in all stages of audit work. After all, situations that compromise the professional's ability to objectively analyze the evidence obtained at work have the potential to generate uncertainties and suspicions about the audit opinion. Independence depends on the auditor's ability to identify problems in the company's financial statements and to resist customer pressures that are interested in hiding them. That is, in addition to the proper technical capacity, the auditor must have autonomy to modify his audit report as appropriate in the circumstances.

In this sense, the rules establish restrictions on certain relationships between members of the audit teams and the client, then summarized:< /P>

a) direct or indirect financial relationships (eg, financial investments);

b) loans and financing;

c) investments in conjunction with those responsible for the preparation and approval of the financial statements;

d) commercial relationships (e.g., purchase of products or services);

e) personal or family relationships with those responsible for the preparation and approval of financial statements (eg, CEO, Director Finance, Controller, Legal Director, Director of Internal Audit, Treasurer etc.);

f) time employment less than the minimum required removal;

g) participation in work prior to the same client, before the minimum removal required by the professionals of professionals. < P>

In short, the execution of audit procedures must be based on exempt behavior, in which the auditor has freedom to question and exercise necessary skepticism to judge the adequacy of accounting policies and procedures adopted by the audited company in the face of accounting standards.

Source: https://www.ibracon.com.br/wp-content/ UPLOADS/2023/07/1107MIND_THE_GAP _-_ Article_6 _-_ v3.pdf