Principles of Corporate Auditing

Original recommendation

The Brydon Review recommended that the Principles of Corporate Auditing should be established to form an overarching framework governing the behaviour of corporate auditors, and that standards and rules should sit within this framework. (Source: Brydon 6.3.4)


The Government (Section 6.3) is minded to introduce a new legal framework to empower the regulator to set and enforce new principles of corporate auditing that would apply to both statutory auditors and those appointed to provide auditing services via the Audit & Assurance Policy. It commends the principles suggested by the Brydon Review as a starting point for the regulator’s consideration, along with responses to this consultation.

Government response

The regulator is asked to seek to raise standards of auditor behaviour using its existing powers, for example by incorporating aspects of the principles proposed in the Brydon Review that are not already covered in existing standards, in order to improve audit quality.

Correction list for hyphenation

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