Audit responsibility is the core of audit work, which is not only related to the personal reputation of auditors, but also related to the economic interests of audited units, social fairness and justice and national financial security. The following is a detailed explanation of the audit responsibility:
1. Safeguard public interests:
The main duty of auditors is to safeguard public interests. They ensure the authenticity and reliability of financial information by auditing the financial status, internal control and financial management of enterprises and institutions. This authenticity and reliability are very important to the government, investors, creditors, suppliers and other stakeholders.
2. Follow professional ethics:
Auditors should abide by professional ethics, including confidentiality, independence and avoiding conflicts of interest. They must keep the business secrets of their clients, and at the same time remain independent in the audit, so as not to affect their judgment because they have an interest in the audited entity.
3. Follow auditing standards and guidelines:
Audit responsibilities also include following national or regional auditing standards and guidelines. Different countries or regions usually have their own audit standards, and auditors must understand and abide by these standards to ensure the legality and compliance of audit activities.
4. Maintain independence:
Auditors must remain independent and not be influenced by the audited entity or other stakeholders. This independence is the basis of the audit, which ensures the objectivity and impartiality of the audit report. If auditors are affected in any way, it may lead to the distortion of audit results, thus affecting the effectiveness and value of the audit.
5. Maintain the authenticity and impartiality of the audit:
Auditors must maintain authenticity and impartiality when collecting, analyzing and interpreting audit evidence. The audit report shall truly and accurately reflect the financial status and internal control of the audited entity, and shall not exaggerate the facts or conceal the truth.
6. Abide by laws and regulations:
Auditors must abide by the relevant laws and regulations of their countries or regions. In the audit process, they need to understand and follow the laws and regulations related to audit activities to ensure the legality and compliance of the audit.
7. Provide professional advice:
Auditors are not only inspectors of information, but also provide professional advice to the audited units on the basis of audit to help them improve internal control, improve financial management level and prevent potential risks.
Generally speaking, audit responsibility is a series of principles and regulations that auditors should follow when carrying out audit work, which ensures the fairness, objectivity and independence of audit activities and the authenticity and reliability of audit results. At the same time, audit responsibility is also an important mechanism to safeguard public interests and protect the interests of audited units and investors. Auditors should always be aware of their responsibilities and obligations, maintain professional ethics, and provide high-quality and reliable audit services for the society, the public and the audited units.