CAT / FIA FAU Syllabus A. Business Environment And Audit Framework - General Principles - Notes 2 / 6
The objective of an Audit
The Auditor must state an opinion as to whether the financial statements.....
Give a true and fair view
The accounting records are accurate and complete
Are prepared in accordance with an applicable financial reporting framework in all material respects
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General Principles for the auditor to follow
Compliance with applicable ethical principles (such as the ACCA’s Rules of Professional Conduct)
Compliance with International Standards on Auditing
Keeping an attitude of professional scepticism when planning and performing the audit (i.e. don’t accept on face value – get evidence)