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dAn auditor’s work is governed by certain well established principles governing the Auditing Assurances. These standards govern the responsibilities and which should be kept in mind while conducting any Audit.

Integrity, Objectivity and Independence: The Auditor is expected to be honest and sincere in his work; he should execute his work objectively and should remain impartial while conducting any audit assignment.
Confidentiality: Like many other professions an auditor should keep all the information made available to him in the course of audit fully co Like many other professions an auditor should keep all the information made available to him in the course of audit fully confidential unless he his legally bound by any court or statutory requirement to disclose such information

Skills and Competence: All audit work must be performed using professional care by persons who had proper and adequate training, experience and expertise in auditing.

Using work performed by others: In the course of an Audit assignment he has to use the work performed by other auditors and experts. He is not absolved of his responsibility to express his honest opinion on such financial information based on the observations made by other experts. However the auditor must obtain sufficient auditing assurances from the other auditors or experts that the work has been properly done by them.

Documentation:  The Auditor must keep proper documentation of work performed by him for future references.

Audit evidences: The auditors must obtain sufficient auditing assurances from its clients and ensure gathering of appropriate evidence by using compliance procedures and substantive procedures to gather necessary audit evidence.

Accounting systems and Internal Control: The auditor must evaluate the adequacy of internal controls and accounting procedures to satisfy himself that nothing is amiss in the audit assignment.
Audit Conclusion and Reporting: The auditor must assess and review all the evidence collected by his staff, the assurances provided by the client, the auditing assurance provided by other auditors and all the information on record before forming his opinion and preparation of the audit report.

The audit report must clearly state his observations and where qualified reasons for the qualifications should be given.