Safeguards to independence

1

Public Confidence

For the public to have confidence in the quality of audit, it is essential that auditors should always be and appears to be independent of the entities that they are auditing.

2

Three fundamental principle

In the case of audit, the key fundamental principles are integrity, objectivity and professional skepticism, which necessarily require the auditor to be independent.

3

Check threats to independency

Before taking on any work, an auditor must conscientiously consider whether it involves threats to his independence.

4

Desist from task or place safeguard

When such threats exist, the auditor should either desist from the task or put in place safeguards that eliminate them.