The Principles Underlying an Audit Conducted in Accordance with Generally

question 11

Essay

The principles underlying an audit conducted in accordance with generally accepted auditing standards are grouped into four categories. The second category is that of "personal responsibility of the auditor." Generally explain what is intended by this principle.

---

Definitions:

Chemical Elements

Substances that cannot be broken down into simpler substances by chemical means, and are defined by the number of protons in their atomic nuclei.

Reddish Streak

The color mark left by a mineral when it is dragged across an unglazed porcelain plate.

Hematite

An iron oxide mineral that is one of the main ores of iron, recognized by its reddish-brown color.

Magnetite

A naturally occurring magnetic mineral, consisting of iron oxide, often mined as an iron ore.