Home – Home – Jornals – Scientific journal “Vestnik NSUEM” 2025 number 2

Maintaining auditor independence from the client is fundamental to enhancing the reliability of financial reporting, preventing conflicts of interest, and strengthening investor confidence in the capital markets. Various international frameworks, including the International Code of Ethics (IESBA) and International Standards on Auditing (ISA), have attempted to strengthen auditor independence and professional skepticism, but their application varies widely across jurisdictions. This study provides a comparative analysis of international standards governing the auditor - client relationship and assesses how different jurisdictions interpret, apply, and adapt the global audit framework. The study examines the contrast between the PCAOB’s enforcement mechanisms, pre-established EU regulatory constraints, and the IESBA’s flexible threat and protection approach, demonstrating how these mechanisms interact with national legal traditions, institutional oversight, and economic incentives. In addition, the study considers the significant impact of technological change on audit processes. The study concludes by offering policy recommendations for harmonizing global auditing rules, balancing the need for standardization with the flexibility of jurisdictions to accommodate economic and legal realities. This study contributes to the ongoing debate on global audit standardization by highlighting the need for a dynamic regulatory framework that can evolve with financial markets and technological innovation, ensuring that the audit profession remains a reliable guardian of financial integrity.