Accountability

Integrity

Objectivity and Independence

Competence

Rigour

Judgement

Clear Communication

Association

Providing Value

9 Principles

Accountability

Auditors act in the interests of primary stakeholders,whilst having regard to the wider public interest.

Integrity Integrity helps to insulate auditors from matters of

conflict of interests and elevate their objectivity.

Objectivity and Independence Auditors should be seen to be objective in all their

dealings with their clients. They express opinionsindependent of the entity and its directors.

Competence

This is the ability to carry out professional duty withgreat knowledge and skills.

Rigour Auditors approach their work with thoroughness and

attitude of professional scepticism.

Judgement Auditors apply professional judgement, taking

account of materiality in the context of the matters onwhich they are reporting.

Clear Communication

Auditors’ reports contain clear expressions of opinionwhich are set out in writing for proper understanding.

Association Auditors allow their reports to be included in documents

containing other information only if they consider that theadditional information is not in conflict with the matterscovered by their reports and that they have no cause tobelieve it to be misleading.

Providing Value Auditors provide to management constructive observations

arising from the audit process, thereby contributing to theeffective operation of the business entity.