Performance of Audit
The
auditor obtains reasonable assurance that financial statement are free from
material misstatement which may result from the fraud or error. Auditor is
required to observe the ethical requirement during the course of audit.
1. Compliance Technical Standard
Auditor
can obtain reasonable assurance by complying with the technical standard issued
by a recognized body. International auditing standard is an example of such
technical standard.
2. Compliance with Ethical Requirements
Auditor
is also required to comply with the ethical requirement for objectively conduct
of audit. Ethical guidelines have been issued to ensure independence and
objectivity of audit.
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