Situations involving nondependent members of an auditor's family are most likely to affect that person's independence while they are taking part in an audit engagement, such as when a spouse works for a client.
The term "immediate family" refers to a person's parents, siblings, spouse, kids from a previous relationship, grandchildren, and grandparents.
It is a reality that auditors who lack independence jeopardize the informational accuracy and fairness of the financial markets. Knowing that the audited information was conducted by an auditor who is not independent would discourage investors from providing capital to companies.
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