Independence, ethics in audit profession and developments after the Sarbanes - Oxkey Law

In the recent years, auditor independence has been emphasized by thefinancial scandals like Enron and Worldcom and there were many changes inaudit sector. By the way, among the critical issues of ethics in accounting isalways auditor independence. On the scandals being talked of, SEC publishedthe Sarbanes Oxley Act of 2002. Without a doubt, Sarbanes-Oxley altered thecorporate landscape and created a number of changes and was a revolution forall kind of business. Moreover, regulations made by AICPA, IFAC and EUCommission give a direction to the auditor independence.In our country, it has been made many regulations which are parallel to theSarbanes Oxley Act but practicability of the regulations is still the subject ofdiscussion. In my thesis, international and local regulations about the auditorindependence have been studied; moreover it has been taken a poll for thepracticability.