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Code of ethics - Audit Auditors Code of Ethics Hisham...

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Audit A s promulgated by Auditors, Auditing should adopt and up- hold the Code of Ethics. The Code of Ethics states princi- ples and expectations governing behavior of individuals and or- ganizations in the conduct of auditing. It describes the minimum requirements for conduct, and behavioral expectations rather than specific activities. Auditors’ Code of Ethics is a system or code of behavior based on moral responsibility and obligation to explain how an auditor must behave. Auditors’ Code of Ethic was enacted as a guide for all audit per - sonnel to enhance the performance and professionalism. Audi- tor’s General report helps to improve public management effi - ciency and effectiveness. It is utmost important that the audits produced followed a prescribed standard based on high work code of ethics to acquire the confidence from the public. Purpose of Code of Ethics The purpose of Code of Ethics is to promote an ethical culture Auditors’ Code of Ethics * [email protected] Certified Public Accountant Hisham El-Moukammal* An auditor is a professional who is responsible for evaluating some aspects of a proj- ect, business, or individuals. Auditors often are employed for the task of determining the level of efficiency present in the production process of a business, the efficient use of labor and other resources associated with the business, and the veracity of the finan - cial records of the business. Along with evaluating a project or aspect of a company, an auditor is often expected to make recommendations regarding the correction of nega- tive conditions that currently impact the organization. Auditors are also to conduct themselves in a manner consistent with the promotion of cooperation and good relations between auditors and the sector. THE CERTIFIED ACCOUNTANT 105 3 rd Quarter 2009 Issuse #39
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Audit in the profession of auditing and provides guidance to Auditors serving others. Auditing is an independent, objective assurance and consulting activity designed to add value and improve an organization’s operations. It helps an organization accomplish its objectives by bringing a systematic, disciplined approach to evaluate and improve the effectiveness of risk management, control, and gov- ernance processes. Importance of the Code of Ethics A code of ethics is necessary and appropriate for the auditing profession. Founded as it is on the trust placed in its objective assurance about risk management, control, and governance.
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