PR 0 FESS10 N AL AUDI TI N G STA N DA RDS
DueAuditCareand
EthicalConduct
The foundation of quality, integ rity, and public trust in financial reporting
Presentation Agenda
OJ.Due Audit Core
02. KeyElements&Roles
Understanding professional care, key standards, and
the core definition of auditing diligence.
Professional skepticism, technical competence, auditor
duties, and associated organizational benefits.
03. Ethical Conduct
04. Principles & Responsibilities
Adhering to strict professional ethics and standards
while remaining fully objective.
The core values of integrity, confidentiality, avoiding
conflicts of interest, and managing independence.
V O D L L E 01
Ensuring accuracy, precision, and diligence across every stage of the
auditing process
What is Due Audit Core?
Professional Standards
@ Meaning: It represents the professional care, precision,
and diligence that a skilled auditor must systematically
apply throughout an entire engagement.
@ Diligence Standard: An auditor assumes the solemn
duty to perform work with a level of capability and
Nonissuers
vigilance standard to seasoned professionals in the field.
Importance: Prevents oversight, verifies complex
Government
Entities
transactions, protects corporate reputation, and satisfies
Attestation „. .
..”"”
‹sos›
international legal compliance.
in Enqoqements
(SSAOS)
KeyElements of DueCore
Skepticism
Maintaining an active,
questioning mind and
critically assessing the
validity of all presented
evidence.
Competence
Diligence
Documentation
Possessing the required
technical skills, regulator y
knowledge, and analytic al
training.
Executing audit procedures
completely, promptly, and
without shortcuts or
oversights.
Securing thorough,
transparent, and structured
records of findings and
analytical work.
Core: Responsibilities & Benefits
Auditor Duties
Organization Benefits
Gather sufficient and appropriate audit evidence to
back conclusions.
Elevates audit quality, assuring systemic operational
transparency.
Accurately assess the overall risk of material
misstatements.
Drastically minimizes reporting errors and hidden
flnancial rsks.
¿° Formulate and issue a reliable, unbiased, and
compliant opinion.
’.,:‘! Enhances external stakeholder, investor, and board
confidence.
i\
M 0 DUL « 0 2
Preserving objective
ment, truthfulness, and credibility in financial
verification
Foundations of Ethical Conduct
Systemic Integrity: Ethics go beyond compliance; they
define the standard of trust holding global capital
markets together.
Professional Standards: Adhering strictly to standard
frameworks ensures uniformity, peer comparability, and
legal rigor.
Public Interest: Auditors serve the public and financial
community first, maintaining independence from internal
company dynamics.
egal Vulnerability
eputation Damage
hort-Term Thinking
rosion of Organizational Culture
\creased Risk of Scandals
assof Stakeholder Trust
Core Ethical Principles
Integrity
Objectivity
Confidentiality
Competence
Being entirely honest,
straightforward, and sincere
in all professional and
business dealings.
Avoiding bias, conflicts of
interest, or undue external
inf luence on professional
decisions.
Safeguarding all proprietary
data and information
acquired during the audit
process.
Providing high-tier services
based on current
developments, laws, and
professional standards.
Ethics: Duties &Importance
‹ Auditor Obligations
Proactively identify and avoid self-interest threats or
fee dependence.
' Refuse direct roles or personal ties in client
organizations.
T.: Resign or refuse engagements when independence is
compromised.
Value & Trust Creation
{:‹:
Cultivates transparent relations and absolute public
tFuSt.
*
Establishes strong professional credibility for the audit
firm.
t¿ Fortifies investor protection and capital market
operations.
Executive Summary
Due Audit Core and Ethical Conduct ore not mere
compliance items—they ore the essential pillars
thot guarantee high-quality, trustworthy, and
socially valuable audits.
Questions & Discussion
Thank you for your time. Let
construct a transparent
future based on diligence, integ rity, and strict professional
standards.
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