Independence in fact
Is a state of mind that permits the provision of an opinion without being affected by influences that compromise professional judgment, allowing an individual to act with integrity, and exercise objectivity and professional scepticism.
Independence in appearance
Is the avoidance of facts and circumstances that are so significant that a reasonable and informed third party, having knowledge of all relevant information, including applied, would reasonably conclude a firm's, or a member of the assurance teams', integrate, objectivity or professional scepticism had been compromised
Independence of mind
Is a state of mind that permits the provision of an opinion unaffected by influence that compromise professional judgement, allowing an individual to act with integrity , and to exercise objectivity and professional scepticism.