Twelve Rules for Auditors   

This course provides practical rules that auditors should follow to avoid auditing’s most unpleasant outcomes.  Specific attention to the following areas:

·         Rule 1 – Know Your Own Limitations

·         Rule 2 – Tell the truth, especially about the tough issues

·         Rule 3 – Recognize that shortcuts will ultimately lead to disaster

·         Rule 4 – Spend whatever time is required to understand the entity’s internal controls

·         Rule 5 – Commit yourself to improvement daily

·         Rule 6 – Take the time to do things right

·         Rule 7 – Don’t be afraid to ask for help

·         Rule 8 – Never consider your client’s management to be above wrongdoing

·         Rule 9 – Beware the related parties

·         Rule 10 – Follow the rules regarding confirmation

·         Rule 11 – Pay attention to what matters, not what is expedient

·      Rule 12 – Avoid dismissing analytical testing results