Question

During the course of a seminar conducted by chamber of commerce, a member of the organization who happens to be an auditor of a company explains how a client company had devised various methods of avoiding payment of income tax. In that he also discloses the name of the company and also the amount involved. Which of the principle of audit he has violated?

• A. Integrity
• B. Skill and competence
• C. confidentiality
• D. Objectivity

Answer 1

Answer: (C)

confidentiality

Audit is a statutory compliance and to be conducted with full confidentiality.

It is the auditors responsibility to conduct the audit with due diligence and have to ensure that information related to the organization must be kept confidential.