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  • Basic Principles Governing Audit

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    KANSHA SHA
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    The document outlines the basic principles governing an audit: 1) It lists the group members working on the audit: Janani Rames, Mohammad Hafiz, and Thinishwaran Kunalan. 2) It discusses the key principles of objectivity, integrity, professional competence and due care, and confidentiality that auditors must follow. 3) Examples are provided for the principles of integrity and confidentiality to illustrate how auditors should remain honest, unbiased, and keep client information private.

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    Audit 1

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    The document outlines the basic principles governing an audit: 1) It lists the group members working on the audit: Janani Rames, Mohammad Hafiz, and Thinishwaran Kunalan. 2) It discusses the key principles of objectivity, integrity, professional competence and due care, and confidentiality that auditors must follow. 3) Examples are provided for the principles of integrity and confidentiality to illustrate how auditors should remain honest, unbiased, and keep client information private.

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    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
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    7 views8 pages

    Basic Principles Governing Audit

    Uploaded by

    KANSHA SHA
    The document outlines the basic principles governing an audit: 1) It lists the group members working on the audit: Janani Rames, Mohammad Hafiz, and Thinishwaran Kunalan. 2) It discusses the key principles of objectivity, integrity, professional competence and due care, and confidentiality that auditors must follow. 3) Examples are provided for the principles of integrity and confidentiality to illustrate how auditors should remain honest, unbiased, and keep client information private.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Flag for inappropriate content
    of 8

    GROUP MEMBERS

    Janani Rames Mohammad Hafiz Thinishwaran Kunalan


    15DAT20F1007 Najmi Bin Mohd 15DAT20F1019
    Syariff
    15DAT20F1017
    Professional
    Objectivity Integrity
    behaviour

    Basic Principles Governing


    an Audit
    5
    Professional
    competence & Confidentiality
    due care
    EXAMPLE

    Intergrity
    While auditing, the auditor must be
    • Straightforward In all honest; he cannot favor the
    • Honest professional company or an organizations
    & business
    relationships
    Objectivity

    • No bias
    • No conflict of interest
    • No undue influence of
    others

    • To override professional or
    business judgement
    Professional competence and due care

    • Retain professional knowledge and


    skill at level required
    • Ensure client/employer receives
    competent professional service
    • Act diligently
    EXAMPLE

    Confidentiality
    • To respect the
    confidentiality of While auditing, the auditor must be
    information acquired confidential for financial
    • Not discloses any such information
    information to third
    parties without proper
    & specific authority
    Professional behaviour
    To comply with relevant laws and regulations and avoid any action that discredits the profession.

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