Video: Independence Standards

This lesson presents a chart comparing the independence standards and regulations for auditors of governmental or Department of Labor audits. In this context, the lesson highlights the difference between the stringent requirements governing how an audit is conducted and the more relaxed independence standards permissible for auditors. Focusing on the allowed and disallowed services, the lesson clarifies that despite having fewer independence impairments, auditors are held to a higher standard when conducting these audits, with more rules to follow.