Ethics in Auditing

Ethics in auditing refers to the moral principles and standards that guide auditors in their work to ensure integrity, transparency, and professionalism. Auditors must be honest, objective, and independent, avoiding conflicts of interest or any actions that could compromise their judgment. They are responsible for providing a fair assessment of financial statements, helping to build trust between businesses and stakeholders. Ethical audits protect the public interest by ensuring that financial reporting is accurate and reliable, which is essential for informed decision-making in the economy.