Registered external auditors must have the knowledge and skills to perform their function and should be honest. There are also a number of other attributes or fundamental principles of ethical behavior, which all auditors should have and these are identified in professional external auditing standards issued by IRBA as follows: · integrity · objectivity · professional competence and due care · confidentiality · professional behavior The following actions taken by registered external auditors are example of non-compliance with one or more principles listed above; Question 1 Mark Proctor, a registered auditor arranged with some of his clients to pay the fees that he charged for audit services, in cash. For clients who agreed to do so, no VAT was charged and a discount was given.
Registered external auditors must have the knowledge and skills to perform their function and should be honest. There are also a number of other attributes or fundamental principles of ethical behavior, which all auditors should have and these are identified in professional external auditing standards issued by IRBA as follows:
· integrity
· objectivity
· professional competence and due care
· confidentiality
· professional behavior
The following actions taken by registered external auditors are example of non-compliance with one or more principles listed above;
Question 1
Mark Proctor, a registered auditor arranged with some of his clients to pay the fees that he charged for audit
services, in cash. For clients who agreed to do so, no VAT was charged and a discount was given.
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