4. Principles of auditing

Audits based on several principles. They make an effective and reliable audit tool to support management of the organization in implementing its policies and management of the organization, providing information upon which the organization can act to improve its performance. Observance of these principles is a prerequisite for obtaining such audit findings that are relevant and sufficient, as well as creating opportunities for auditors, acting independently of each other, come from similar situations to the same conclusions.

The following principles apply to the auditors.

a) Ethical behavior: a framework of professionalism

Trust, honesty, confidentiality and discretion (discretion, prudence) are inseparable (required) In the conduct of audits.

b) the provision of impartial results: the obligation to provide truthful and accurate reports

The results of the audit opinion on the audit and audit reports must truthfully and accurately reflect the activities of the Audit Committee. Significant obstacles encountered during the audit, as well as unresolved diverging opinions and disagreements between the team and the auditee the audit organization should be reflected in the report.

a) Proper professional care:

of diligence (diligence), and common sense in an audit

The manifestation of the auditors must comply with the thoroughness of the importance of their assignment and trust that they audit clients and other interested parties. The presence of the necessary competence of auditors is an important factor.

Further principles relate to the audit, which, by definition, is an independent and systematic.

d) Independence: the basis for the impartiality and objectivity of the audit findings of the Audit

Auditors must be independent of the activities that will be subject to audit, and free from bias and conflict of interest. Auditors should maintain objectivity of their opinions and judgments during the entire audit process to ensure that audit findings and conclusions of the audit were based only on the testimony of the audit.

e) The approach based on the evidence: a reasonable way to obtain reliable and reproducible audit conclusions in a systematic audit process

Audit evidence must be verifiable. They should be based on samples available (obtained at the disposal of) information, because an audit is conducted in a limited period of time and with limited resources. The corresponding appropriate for the use of such samples greatly affects the confidence with which conclusions can be perceived by the Audit Committee.

Instructions contained in the following sections of this International Standard is based on the above principles.