Integrity, objectivity and independence

Question 1

independance

Answer 1

This isn’t one of the fundamental ethical principles for accountants, but is of course relevant for an auditor.

The auditors are there to protect the shareholders and give an independent viewpoint on the financial statements.

Question 2

objectivity

Answer 2

This is one of the fundamental principles, and is all about being unbiased in what we do.

This is particularly relevant for the auditor as they may have to scrutinise figures which contain bias from the client.

Question 3

Integrity

Answer 3

This is another one of our fundamental ethical principles and relates to being honest and fair, particularly in a work context.

For an auditor this means not knowingly being associated with information that contains materially false or misleading statements, significant omissions, or has been produced recklessly.