Th e fun dam ent al eth ical pri nci ple s tha t app ly to all mem er s of the pro fes sio nal odies are to act!ith inte'rity, o#ecti$ity, professional competence and due care, confidentiality and professional eha$iour%A&'S 110, 100. The re.uirement to act in the pulic interest means that auditors should consider ho! Their actions impact the client and their employer. They must also consider the impact of their actions on others such as the client+s employees, in$estors, credit pro$iders, and those!ithout direct financial interests in the client such as the roader usiness and financial community and memers of the pulic. All these people could e reliant on the.uality of the auditor+s!or, e$en thou'h they are not party to the contract et!een the client and the audit firm. The reliaility of the financial reports and the audit report is potentially dama'ed if the auditor does not act!ith inte'rity%honesty), o#ecti$ity%ein' independent),!ith professional c ompetence and due c are%e-ecutin' the!or!ith the re.uired l e$el of si ll and atte nti on), con fid ent ial ity%di scu ssin ' the cli ent + s af fai rs!it h oth ers ina ppr opr iat ely ), and pro fess ion al eh a$i our%pr ote cti n' the ir rep uta tio n and the profession+ s reputation). A dishonest auditor could no!in'ly help pulish a materially false, misleadin', or recless financial report.

• Auditing A Practical Approach Wiley Second Canadian Edition

Auditors!ho compromise their o#ecti$ity could e iased or unduly influenced to pulish an inappropriate audit opinion. Auditors!ho do not uphold professional competence and due care principles could 'i$e incompetent professional ser$ice or fail to act dili'ently in acc ord anc e!it h the app lic ale tec hni cal stan dar ds. isc los ure s of the clie nt+ s confidential information!ith proper or specific authority from the client or!ithout a le'al duty to disclose could disad$anta'e the client in the conduct of its affairs. /nprofessional eha$iour rin's discredit to the profession.

Auditing A Practical Approach Wiley Second Canadian Edition

oth aspects of indep enden ce are important. f an auditor has indep enden ce of mind the auditor!ill act indep enden tly. Actin' indep enden tly means that the auditors are free of the clients+ influence and!ill perform their duties as re.uired y the auditin' standards and codes of ethics, e$en if the clients do not a'ree. Actin' independently is essential for a hi'h.uality audit. o!e $er, despit e ho! Indepen dently the auditors may act, the audit reports!ill not e credile if the outside parties do not elie$e that the auditors acted independently.

Th at is, the out sid e par tie s do not elie $e the audit rep ort s ha$ e any credi il ity ecause they elie$e that the clients ha$e influenced the auditor. Therefore, the auditor must e seen to e independent y outside parties. That is, the auditor must e independent in appearance for the audit report to e elie$ed.

Warren Solution Manual.zip Auditing A Practical Approach, 2nd Canadian Edition Moroney, Campbell, Hamilton, Warren Solutions Manual.zip Auditing A Practical. Moroney, Campbell, Hamilton, Warren. Auditing: A Practical Approach, Canadian Edition Solutions Manual to accompany Auditing: a practical approach. Auditing: A Practical Approach - amazon.com. Free PDF Auditing: A Practical Approach, by Robyn Moroney, Fiona Campbell, Jane Hamilton. When obtaining.