Principles relating to audit process include:
Independence
Auditors must:
- Be independent of the activity being audited
- Be free from bias and conflict of interest
- Maintain an objective state of mind throughout the audit process
- Ensure that audit findings and conclusions will be based only on the audit evidence
Evidence Based Approach
The audit evidence must:
- Be verifiable
- Be based on samples of the information available
- Ensure that proper use of sampling is made, to contribute to the confidence that can be placed on the audit conclusions