Auditor Independence and its Impact on Financial Statements Audit (Evidence from Oman)

Abstract

Defrauding and error discovering by external auditor influence his relationship with his clients of professional auditing, a financial interest that auditor received it affect on the credibility of auditing and the relationships between the practices associated with the audit and the rules of professional conduct standards factors and changing the external auditor of professional auditing in Sultanate of Oman are investigated analyzed and to know the aspects related to change the External Auditor and its impact on the principle of independence, an issue of stakeholders interest in the companies under review.In the framework of the keenness of financial and administrative control of Oman to keep up with development in the professional work and the adoption of global best practices in audit work so as achieve efficiency and effectiveness in business and goals accomplished device, the study results from the questionnaire concluded that the subsequent discovery of the error, fraud and illegal acts after the issuance of the report shows the negligence of the references in the performance of his professional duties of professional auditing in Sultanate of Oman, the associated application with a review of the professional rules and standards of behavior affect change in the external auditor and also the quality associated with checking the extent of the auditor’s commitment to auditing standards process of professional auditing in Sultanate of Oman.