The document outlines 9 basic principles that govern an audit: 1. Integrity, objectivity and independence are required of auditors. Auditors must maintain impartiality and protect confidential client information. 2. Auditors must have the proper skills and competence to perform audits and keep their expertise up to date. 3. Auditors are responsible for properly supervising any work delegated to assistants. They may rely on the work of other auditors or experts with caution. 4. Auditors must adequately document all audit work performed to support their conclusions.