The Critical Importance Of The General Standard Of Auditor Independence And An Ethical Culture For The Accounting Profession[1], Paul Munter, SEC Acting Chief Accountant, June 8, 2022
<h2>Introduction</h2> <p>High-quality audits are critical to the process of providing decision-useful financial information for the benefit of investors, and auditors serve an important gatekeeping and investor protection function by helping to ensure that issues are promptly identified and addressed. The Commission has long-recognized that audits by professional, objective, and skilled accountants that are independent of their audit clients contribute to both investor protection and investor confidence in the financial statements. As such,...
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