3 paragraph & 3 references per discussion


What is the independence standard?  Why is it important that users perceive auditors to be independent?  Can an auditor be independent in fact, but not in appearance?  Explain. 


Locate an recent current event that has to do with auditing in some way and share it with the class.  How will this event impact the auditing profession going forward and what are concerns you had after reading about this event?