Management advisory services and audit independence: is there a conflict of interest?

Some public accounting firms now offer management advisory services to both audit and non- audit clients. By offering such services the auditor could become involved in executive decisions in which the auditing approach to the information for audit may be impaired. As independence represents the cornerstone auditing profession, it is necessary to ensure that the auditors are independent in fact and in appearance. With the help of many wonderful people, this research paper tries to answer the question of whether there is a conflict of interest when the public accountants auditors provide management advisory services to their audit clients.