i. Carry out business of an entity in an orderly and efficient manner to satisfy the needs of different stakeholders e.g. shareholders.
ii. Ensure adherence to management policies. These policies provide one of the framework within which the internal control system operates.
iii. Safeguarding of assets. This could entail physical controls such as lock and key, documentation e.g. asset register. The auditor is interested in knowing that the client‘s assets have been subjected to safeguarding controls.
iv. Prevention and detection of fraud and error.
v. Ensure accuracy and completeness of accounting records.
vi. Ensure the timely preparation of reliable financial information.