Principles are ways of successfully dealing with reality to get what you want out of life.
Ray Dalio, one of the world’s most successful investors and entrepreneurs, cites principles as his key to success.
When a person's role involves reviewing or auditing a high volume of transactions or things that other people are doing, there's a real risk of rubber-stamping. One particularly risky example is expense approvals. Make sure you have ways to audit the auditors.