Why the auditors has to show their Independency that they are not financial dependent on the company ( in case of listed companies ) ?

1 answer

Ravi Staff January 20, 2019

In listed company public at large is involved and hence becomes very important for society and nation. TCWG is having responsibility to run it properly. They are believe on auditor to help them make good decisions but then they should be sure whether auditors are reliable.
Further listed companies anyone can buy shares , financial instruments and get associated and it is difficult to detect it. 
Because of above things, they made it mandatory to communicate it in case of listed companies.

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