The seminal work of Limperg is characterized by several important elements. The central
area of Limperg’s work is related to the social responsibility of the independent auditor
and possible mechanisms for ensuring that audits meet society’s needs. Limperg’s
work highlights the importance of the social significance of auditing and the implications
for how an audit should be performed. Limperg emphasizes the role of the auditor in relationship
with the users of financial statements in the sense that the independent auditor
acts as a confidential agent for society.