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Meaning of external auditor independence

Meaning of external auditor independence
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Answer: Independency is very crucial for external auditor. A company is required to chose an auditor who doesn't have any stake in the corporation (called external auditor) and his independency refers to while making audit report and examining the financial & accounting data he will perform an audit by following Code of ethics for professional accountant & take unbiased decisions and if he finds any misstatement then mention them clearly in his audit report instead of hiding or manupulating it.

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