<h1>Auditing standards for company secretaries set engagement terms, documentation, opinion formation, confidentiality and secretarial audit duties, including fraud reporting.</h1> The standards require company secretaries to follow defined procedures for accepting Audit Engagements (engagement letters, conflict checks, predecessor notification), to plan and document audits with sufficient evidence and retention rules, to apply materiality and professional scepticism when forming opinions (including use of third-party reports and rules for modified or disclaimed opinions), and to conduct Secretarial Audits by identifying applicable laws, verifying compliance, assessing board and system processes, detecting and reporting fraud and major events.