The ECAs commitment to the international auditing standards and codes of ethics
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The ECAs commitment to the international auditing standards and codes of ethics
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The ECAs commitment to the international auditing standards and codes of ethics
The ECA is committed to ISA and ISSAI standards and codes of ethics. Consequently, its auditors respect the ECA’s audit policies and standards and carry out audits in a professional manner.
Performance audit
Financial audit
Compliance audit
Concept
Ref: 12.000
Principles
The commitment
In carrying out its duties and responsibilities within its mandate as laid down in the Treaty and the Financial Regulation, the European Court of Auditors conducts its audits in accordance with the IFAC and INTOSAI International Auditing Standards and Code of Ethics, in so far as these are applicable in the European Union context. The ISAs and ISSAIs are relevant to audits of the reliability of the accounts and to audits of compliance with applicable laws and regulations and to performance audits. In particular for financial audit, the INTOSAI International Auditing Standards consist of the entire set of IFAC Standards complemented by
guidance adopted by INTOSAI
to adapt the former where applicable to the public sector context.
Respect the audit policies and procedures and the principles and instructions in AWARE
Auditors are required to respect all the audit policies and procedures adopted by the ECA. The AWARE framework provides a single repository for such information, with electronic links to the original documents. AWARE does not amend or replace approved procedures. The term auditor refers to different competences in the audit process.
Professional conduct
The auditor should
comply with relevant ethical requirements
plan and perform an audit with an attitude of
professional scepticism
,
recognising that the accounts may be materially misstated;
obtain sufficient appropriate
audit evidence
to have
reasonable assurance
regarding the audit conclusion and opinion.
Resources
INTOSAI Framework of Professional Pronouncements
provides the complete set of the formal and authoritative announcements or declarations of the INTOSAI Community.
Financial Auditing Standards (ISSAI 2000-2899)
can be found at www.iaasb.org. They are available under ‘Standards & Pronouncements‘. You need to register / log in to access this service. The service is free of charge.
Principles
The commitment
Respect the audit policies and procedures and the principles and instructions in AWARE
Professional conduct
Resources
Last Modified
: 31/01/2023 16:34
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