Chapter 4 - Professional Ethics

12 shall observe the law and make disclosures

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1.2. Shall observe the law and make disclosures expected by the law and the profession. 1.3. Shall not knowingly be a party to any illegal activity, or engage in acts that are discreditable to the profession of internal auditing or to the organization. 1.4. Shall respect and contribute to the legitimate and ethical objectives of the organization. 2. Objectivity 2.1. Shall not participate in any activity or relationship that may impair or be presumed to impair their unbiased assessment. This participation includes those activities or relationships that may be in conflict with the interests of the organization. 2.2 Shall not accept anything that may impair or be presumed to impair their professional judgment. 2.3 Shall disclose all material facts known to them that, if not disclosed, may distort the reporting of activities under review.
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+ Internal Auditors Code of ethics 3. Confidentiality 3.1 Shall be prudent in the use and protection of information acquired in the course of their duties. 3.2 Shall not use information for any personal gain or in any manner that would be contrary to the law or detrimental to the legitimate and ethical objectives of the organization. 4. Competency 4.1. Shall engage only in those services for which they have the necessary knowledge, skills, and experience. 4.2 Shall perform internal auditing services in accordance with the International Standards for the Professional Practice of Internal Auditing . 4.3 Shall continually improve their proficiency and the effectiveness and quality of their services.
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+ Final Comments n Standards and Codes provide a minimum standard of behavior. As professionals, we should not "settle" for this. n There will always be audit failures. Make sure you do everything you can to prevent them. n CPAs should strive for ethical behavior in all aspects of life. Accountability to the public...and to oneself.
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