auditing principles are basic standards that are binding on all absolutely independent auditors and firms involved in the provision of audit services in their professional activities.These principles establish the appropriate minimum quality that customers expect when applying for auditors to assist them in checking or adjustment of the turnover of financial instruments.These principles should be respected regardless of the area and nature of the audits, as well as the spectrum of activity of audited entities.
Audit principles are designed to provide assurance of the results of inspections.In a changing economic realities, they periodically subject to change and revision, but the underlying basis of these principles remain unchanged.They define the approach to audit, audit scope, methodology, types of statements and conclusions.
When conducting financial audits must comply with certain mandatory rules.As a basis for decision-making should apply ethical professional principles of the audit.
Basic principles of audit include objectivity, integrity, professional conduct, integrity, independence and confidentiality.
General principles of auditing, primarily imply objectivity.This impartiality, fairness and whose timeless whatever influence in carrying out their professional duties during the audit, as well as in the formulation of the findings and conclusion of registration.
The principle of independence is understood as the absence of the audit firm or individual auditor related, property, financial or other interest in the test results.In addition, the auditor also should not be in any way dependent on a third party that may put pressure on him, affecting the conclusions which it can draw on the results of specific activities.
auditing principles include professional competence, which implies possession of the proper amount of knowledge and possession of the necessary skills, who can afford high quality and qualified auditor to provide its services.
Professional conduct auditor assumes full compliance with the interests of a public nature, the ability to maintain the reputation of their own profession, not to do things that are inconsistent with the provision of professional services and that can lead to a loss of confidence on the part of customers' services, damage the image of the profession.
principle of good faith requires that an auditor when providing services, the use of their abilities and responsibilities with care, diligence and speed.
principle of confidentiality requires auditors to ensure the safety of all the documents they receive or make in the course of inspections.Auditors have no right to transfer these documents or copies of documents to third parties, inform them of the information contained in the documents, without the permission of their owners, except where prohibited by law.
In the case where the auditor or the audit firm is a member of a union, they must adhere to the rules of ethics, which include documents adopted on a voluntary basis the trade union.
auditing principles stipulate that during the planning of inspections, auditors should treat all their actions and in their possession information critical to the shares of common skepticism, as always, there are circumstances that could lead to consciously or unconsciously distort financial information.
