ALBERTC.)@rsS

(1)

HOLY ANGEL UNIVERSITY

Theats

to auditing independence and their effects to the public accounting practice in Central Luzon

A

dissertation presented to the Graduate School

HolyAngel University

Angeles

City

In

patial fulfilknent ofthe forthe

Degree

Doctor

of

Business Management

i'

April

2010

-lol-Y

_ANGEL

UNIVERSITY LlBRnrtr

(2)

Tbrcats to auditing indepen&na

HOLY ANGEL UNIVERSITY

Threats to auditing independence and their effects to the public accounting practice

in

Central Luzon

Albert

G. Morales Abstract

This dissertation attempted to describe the threats in

^auditing

independence and

its

effects

to

the

public

accounting practitioners

in Cenhal Luzon, as well as the possible significant

relationships betvreen the threats and their effects.

In the

analysis

of the

results,

the following were applied; to wit:

weighted

means

and descriptive ratings of the different threats of auditing

independence

in the public

accounting

practice and their effects, and correlational

analyses between

the

threats

to Auditing

Independence and their effects.

Based

on the

responses

provided,

some

indicators of

threats were

seldom

experienced

by the public accounting practitioners

which include concern about the

possibility of

losing the audit engagemen!

potential employment with the client, contingent fees relating to

engagement,

performing

services

for

the

client

that

directly

affect the subject matter

of

the engagement preparation

of original

data used to generate

financial

statements

or

preparation

of

other records

that

are the subject matter

of

the engagement and

long

association

of

a senior member

of the

accounting

firm with the client. The other

indicators have never been experienced by the practitioners

in

Central Luzon.

As

a closure, there were apparent effects

of

threats as

to

the

pillars of

the auditing practice in the public accounting practice in

Central Luzon.