Corporate failures and accounting scandals have shaken the foundations of investors' confidence
in the transparency integrity and accountability of corporations and financial markets. There
have also been public disquiet about the role of professional auditors and audit firms who had
been associated with these corporate scandals. Written from a global perspective the book
assists in understanding the gravity of independent attitude of statutory auditors in
protecting stakeholders' interest and examines the effectiveness of the existing standards and
other legal and regulatory requirements in enforcing statutory auditors' independent
engagement. It then suggests modifications in those regulations. The study has been made
through seven chapters in order to address empirically statutory auditors' independence in
protecting stakeholders' interest. Primary audiences of the book are researchers in finance and
control students and professionals in the field of accounting and auditing.
