"Conceptual Framework for International Auditing and Assurance Standards"

The "Conceptual Framework for International Auditing and Assurance Standards" is a guide that sets the fundamental principles and concepts for auditors worldwide. It helps ensure that auditors perform their work consistently, objectively, and with quality, by defining key ideas like independence, professional skepticism, and ethical behavior. This framework provides a solid foundation for developing specific standards and encourages auditors to make sound judgments, ultimately enhancing trust in financial reports and ensuring transparency in global business practices.