Taking auditor independence too far

We all know that an auditor must be independent both in fact and appearance in order to perform an audit under Generally Accepted Auditing Standards (GAAS), but a Brownwood man wants to take the concept to the extreme: he seems to believe the auditor of the city of Brownwood should be disqualified because he lives in the city, votes and pays property taxes there. He claims that a city ordinance requires the city council to hire an out-of-town auditor – and he has sued the city to make his point.

During the last legislative session, legislators tried to establish Texas GAAP. I guess we may now have Brownwood GAAS.

We’re not making this up.

This entry was posted in Uncategorized. Bookmark the permalink.

Leave a Comment

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s