Fundamental Ethical Principles of Auditor

Fundamental Ethical
Principles of Auditor

Introduction
The fundamental ethical principles are the principles which governs
the decisions and ethical behaviour of an auditor during the course
of an audit. Any violation to such fundamental principles are
considered to be an threat to the overall scope of audit and also on
the independence of the auditor (Knechel and Salterio 2016). There
are five fundamental principles which are discussed over next few
slides.

Principle of Integrity
 The principle states that accounting professionals and auditors
should have a professional approach towards handling business
decisions.
 In other words, auditor should be straight forward and clear
about every client of the business.
 The principle of integrity not only refers to an honest approach
but also fair dealings and truthfulness in conducting the audit
process.