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    Question 1

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    DANH LÊ VĂN
    Professionalism refers to having the knowledge and skills to apply moral principles to problems objectively. Integrity means having high personal standards of honesty and not lowering those standards. Objectivity means being fact-based and uninfluenced by personal beliefs or feelings. These principles relate to independence because independence requires being impartial, professional in one's work, having integrity, and being objective.

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    Question 1

    Uploaded by

    DANH LÊ VĂN
    38 views1 page
    Professionalism refers to having the knowledge and skills to apply moral principles to problems objectively. Integrity means having high personal standards of honesty and not lowering those standards. Objectivity means being fact-based and uninfluenced by personal beliefs or feelings. These principles relate to independence because independence requires being impartial, professional in one's work, having integrity, and being objective.

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    Professionalism refers to having the knowledge and skills to apply moral principles to problems objectively. Integrity means having high personal standards of honesty and not lowering those standards. Objectivity means being fact-based and uninfluenced by personal beliefs or feelings. These principles relate to independence because independence requires being impartial, professional in one's work, having integrity, and being objective.

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    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Download as docx, pdf, or txt
    38 views1 page

    Question 1

    Uploaded by

    DANH LÊ VĂN
    Professionalism refers to having the knowledge and skills to apply moral principles to problems objectively. Integrity means having high personal standards of honesty and not lowering those standards. Objectivity means being fact-based and uninfluenced by personal beliefs or feelings. These principles relate to independence because independence requires being impartial, professional in one's work, having integrity, and being objective.

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    © All Rights Reserved
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    Professionalism, integrity and objectivity

    Questions: In your understandings, what are professionalism, integrity


    and objectivity? Why do these principles relate to the independence?

    ❖ Definition of “professionalism”
    “Professionalism” is the combination of all the qualities that are
    connected with trained and skilled people. It requires both knowledge of moral
    principles and skills in applying them to problems and decisions.
    For example: Due to professional care, auditors must balance and
    navigate the financial statement as faithfully as possible in spite of the
    difference between two side objectives by using knowledge of moral principles
    and principles of integrity, and objectivity.
    ❖ Definition of “integrity”
    “Integrity” is one of personal character, the quality of being honest or
    standards of doing their job, and that person's determination not to lower
    those standards.
    For example: A company wants a nice financial statement but in reality
    it is not pretty good. Auditors can do nothing but honestly deliver the truth, and
    honor the public interest. Auditors must have high integrity so that people can
    continue to believe in the services they provide.
    ❖ Definition of “objectivity”
    “Objectivity” is the fact of being based on facts and not influenced by
    personal beliefs or feelings or doing without biasing.
    For example: Accounts payable clerk should be hired as an external
    auditor. If auditors are hired from other departments, internal auditors might be
    auditing their own past work, we can not be sure if they will be objective,
    follow the policy, or ignore the previous mistakes of a friend. However, it does
    not mean that automatically auditors from other departments can’t be
    objective, but the possibility of risk would be considered.
    ❖ The relationship between these principles s and the independence
    Independence consists of three principles: professionalism, integrity,
    and objectivity. Since independence is an attitude and action in carrying out
    an examination to be impartial to anyone and not influenced by anyone, it’s
    similar to objectivity. In order to carefully undertake action, it requires skills
    and a sense of responsibility, knowledge so professionalism is also linked to
    independence. When the auditor has an independent state of mind, they must
    have integrity in what they service so that people can continue to believe.

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