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In this chapter, Lukman guided his students through the essential world of auditing standards—highlighting why they are the backbone of reliable and trustworthy audits. Using stories from his own journey at PricewaterhouseCoopers and in the classroom, he illustrated how International Standards on Auditing (ISA) set the “rules of the game” for auditors everywhere, ensuring professionalism and consistency regardless of the business or country.
Lukman showed that it’s not enough to just know the rules; auditors must live by the key principles: integrity, objectivity, professional competence, confidentiality, skepticism, and thorough documentation. He shared how these principles shape everyday audit work—from honestly reporting even small errors, keeping client secrets, to challenging unusual transactions.
Applying these standards in real audits, Lukman used practical steps like tailored audit plans, careful evidence gathering, and transparent reporting. He explained that auditing standards are not static, but continually updated in response to changes in business, technology, and lessons from global scandals—making it vital for auditors to stay current.
Finally, Lukman emphasized the importance of complying with both local and global standards. By balancing international best practices with local legal requirements, auditors ensure their work is respected, accepted, and trusted—both at home and abroad. Ultimately, he encouraged future auditors to treat standards as their compass and shield, guiding them to deliver high-quality, credible audits every time.
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