Integrity, Objectivity, and Due Care
Core Professional Values
Integrity requires honesty and fairness in all professional relationships. Objectivity requires impartial decision-making that is free from bias or conflicts of interest. Due care requires auditors to possess appropriate technical competence and to perform work diligently according to professional standards.
- Integrity builds public confidence.
- Objectivity prevents biased decisions.
- Due care requires continual professional development.
- Professional judgment should always be evidence-based.
Note
Objectivity applies to all professional services, whereas independence is specifically required for assurance engagements.
Summary
Integrity, objectivity, and due care are the essential ethical characteristics expected of every auditor.