Independence or objectivity

If "the man in the street" KNEW that the auditor had a financial interest in the client (overdue fees is, in essence, no different to a loan) the auditor would NOT be SEEN to be independent - quite the contrary e.g. the auditor would NOT want to report on MURCG (for example) in case that should exacerbate a problem (resulting in calling in of some other loan - meaning the auditor is even LESS likely to be paid). (I must correct you auditor does NOT "give T&F view" - FS (should) give T&F view and auditor reports OPINION on this.)