Safeguards are actions, individually or in combination, that the professional accountant takes that effectively reduce threats to comply with the fundamental principles to an acceptable level.
Pg : 11.12 - principles to address the issue
Professional skepticism - refers to attitude that includes a questioning mind, being alert to conditions which may indicate possible misstatementdue to error or fraud and critical assessment of audit evidence
Auditor has to remain alert forever.
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5. 11. Auditing Ethics
Random"Ethics" means moral principles - which govern a person's behavior or his conducting of an activity. It is the branch of knowledge - deals with moral principles. It is a state of mind - to act & perform in accordance with moral principles The scienc...
