[sunlise]

Thank you, your reply is very helpful and now I understand the difference 😉

[sunlise]

Hi,

I am looking for the general principles of an external audit and saw your reply above. I also found the below

https://kfknowledgebank.kaplan.co.uk/KFKB/Wiki%20Pages/Audit%20Engagements.aspx

stating that.. General principles are the below

The auditor should follow certain general principles in the conduct of an external audit.
•Compliance with applicable ethical principles, i.e. the IFAC Code of Ethics for Professional Accountants and the ethical pronouncements of the auditor’s professional body, e.g. the ACCA’s Rules of Professional Conduct.
•Compliance with applicable auditing standards, i.e. the International Auditing and Assurance Standards Board’s (IAASB’s) International Standards on Auditing (ISAs).
•Planning and performing the audit with an attitude of professional scepticism that recognises that the financial statements being audited may be materially misstated.
•Relevant national legal frameworks.

I am confused now. Can someone explain

Thanks
Analise

[Author]

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