Which of the following statements is INCORRECT with respect to basic principles issued by SA 200 that govern the auditor's responsibilities whenever an audit is carried out?
1
The auditor should not obtain knowledge about the client's business to determine the nature, timing and the extent of the audit procedures.
2
Proper working papers should be maintained by the auditor to evidence the audit work.
3
The auditor should not disclose the client's information to anybody without the client's permission or under any regulatory requirement.
4
The auditor should be straightforward, honest, sincere and free from any influence on his audit work.