Today’s global economy needs trusted and independent auditors. Audit should not be perceived as a routine, annual exercises merely required by statute, but it should give some insight of the business and responsible judgments, which will provide challenge to management for improvement and development.

A professional knowledge of business and trade, as well as of the appropriate systems, processes and controls are also critical requirements for providing unbiased judgments. Auditors’ judgments must be embedded in an in-depth understanding of every client, competitive positioning and market place practice.