Due Professional Care
Apply care and skill expected of a prudent and competent internal auditor
Type
Functional
Competency Area
Internal Audit
Levels
Apply due professional care in the performance of individual duties and responsibilities
Apply due professional care in conduct of audit
Identify the extent of work needed to achieve the engagement’s objectives, including consideration of the relative complexity, materiality and significance of the matters concerned
Apply professional scepticism in the conduct of audits
Manage application of due professional care and evaluate the Internal Audit department’s conformance
Identify conditions and circumstances that may indicate possible fraud
Identify conditions and circumstances that may suggest the need for additional procedures
Monitor application of the "due professional care" Standard in performing audit activities
Lead a culture of professionalism in Auditing, report writing and interactions
Manage effect on objectives, operations or resources because of risks
Communicate engagement results with stakeholders
Develop insights into professional lapses
Develop systemic responses and dashboards to monitor