General Principles

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The objective of an Audit

The Auditor must state an opinion as to whether the financial statements.....

  1. Give a true and fair view

  2. The accounting records are accurate and complete

  3. Are prepared in accordance with an applicable financial reporting framework in all material respects

General Principles for the auditor to follow

  1. Compliance with applicable ethical principles (such as the ACCA’s Rules of Professional Conduct)

  2. Compliance with International Standards on Auditing

  3. Keeping an attitude of professional scepticism when planning and performing the audit (i.e. don’t accept on face value – get evidence)

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