The auditor must have adequate techinal training and proficiency to perform the audit.
The auditor must maintain indpendence in mental attitude in all matters relating to the audit.
The auditor must exercise due professional care in the performance of the audit.
The auditor must adaquately plan the work and must properly supervise any assistants.
The auditor must obtain a suffcient understanding of the entity and its environment including its internal control to assess the risk of material misstatement whether due to error or fraud, and to design the nature, timing and extent of further audit procedures.
The auditor must obtain sufficient appropriate audit evidence by performing audit procedures to afford a reasonable basis for an opinion regarding the financial statements under audit.
The auditor must state in the auditors report whether the financial statements are presented in accordance with generally accpected accounting principles.
The auditor must identify in the auditor's report those circumstances in which such principles have not been consistently observed in the current period in relation to the preceding period.
When the auditor determines that informative disclosures are not reasonably adequate, the auditor must so state in the auditor's report.
The auditor must either express an opinion regarding the financial statements taken as a whole, or state that an opinion cannot be expressed. When the auditor cannot express an overall opinion, the auditor must state the reasons therefor in the auditor's report. In all cases where an auditor's name is associated with financial statements, the auditor should clearly indicate the character of the auditor's work if any, and the degree of responbility the auditor is taking in the auditor's report.
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