Ethics:

Ethics is the set of some moral values and principal that differentiate right and wrong morally.

Audit:

The audit is the process of checking the financial statements of a company `to ensure that it is 100% authentic and free from any kind of bias or fraud.

Fraud:

Fraud means the willingly wrong representation of something, to hide some material facts from outsiders or mislead them about some facts.

Stakeholder:

A person interested in the operations of the company whether he is a part of the company or not is known as a stakeholder.

Fiduciary obligation:

It is the legal obligation of a person that he is answerable to its client. The person takes responsibility to take care of the investment of his client.