Basic principles or Ethical requirements in auditing

1

Integrity

2

Objectivity

3

Professional competence and due care

4

Confidentiality

5

Indepence

1

Integrity

Integrity means the audior will be the intergral part of the organization and truthful. He will be honest and committed to the company.He will focus on all rules and regulation and well being of the company.

2

Objectivity

The second ethical requirement or  principle is objectivity.Aduitor will be responsible for the particular objective to be discharged or perform.Means auditoe must focus on the work for what he has been appointed.

3

Professional competence and due care

This is the thrd principle of audit or ethical requirement.Under this the auditor must be competent enough to discharge its duty.He must have proper knowledge and capability to take care of his assignment.

4

Confidentiality

This the fourth principle or ethical requirement.Under this the auditor  must keep confidential each and every thing provided by client.He must not divulge any information of client.

5

Indepence

 This is the fifth principle or ethical requirement of Auditor.Under this auditor has to be independent in forming opinion and appearing anywhere required to.Auditor has right to take independent decision based on his own wisdom.