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Answer:
Independence of the external auditor means independence from parties that have an interest in the results published in financial statements of an entity. ... Internal and external concerns are convoluted when nominally independent divisions of a firm provide auditing and consulting services
An external auditor is required to be independent when performing: their duties.
An auditor is someone who is responsible for evaluating the validity and reliability of a company or organization's financial statement. An accounting record so audited will be relied upon by management and investors in making their investment decision.
Independence of the external auditor means independence from parties that have an interest in the results published in financial statements of an entity. Internal and external concerns are convoluted when nominally independent divisions of a firm provide auditing and consulting services.
Hence, an external auditor is required to be independent when performing their duties.
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