CODE OF ETHICS - IIA
4 Principles:
1. Integrity
The integrity of internal auditors establishes trust and thus provides the basis for reliance
on their judgment.
2. Objectivity
Internal auditors exhibit the highest level of professional objectivity in gathering, evaluating,
and communicating information about the activity or process being examined. Internal
auditors make a balanced assessment of all the relevant circumstances and are not unduly
influenced by their own interests or by others in forming judgments
3. Confidentiality
Internal auditors respect the value and ownership of information they receive and do not
disclose information without appropriate authority unless there is a legal or professional
obligation to do so.
4. Competency
Internal auditors apply the knowledge, skills, and experience needed in the performance of
internal audit services.
12 Rules of Conduct
1. Integrity
Internal auditors:
• 1.1. Shall perform their work with honesty, diligence, and responsibility.
• 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/ Government.
• 1.4. Shall respect and contribute to the legitimate and ethical objectives of the
organization.
2. Objectivity
Internal auditors:
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/ Government.
Shall not accept anything that may impair or be presumed to impair their
professional judgement.
Shall disclose all material facts known to them that, if not disclosed, may
distort the reporting of activities under review
Examples of Conflict of Interest Issues:
Receiving small gifts from the client
Using office time and internet/email for personal and
business purposes
Auditing friends and family
Sharing confidential information with colleagues
3. Confidentiality
Internal auditors:
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
Internal auditors:
4.1. Shall engage only in those services for which they have the necessary
knowledge, skills, and experience.
4.2 Shall perform internal audit services in accordance with the International Standards for the
Professional Practice of Internal Auditing (ISPPIA).
4.3 Shall continually improve their proficiency and the effectiveness and quality of their services.
Code of Ethics -RECAP
1. Integrity: to be straight forward and honest in all professional and business relationship.
2. Objectivity: not to allow bias, conflict of interest or undue influence of others to override
our professional or business judgments.
3. Confidentiality: not to disclose any such information to third party without proper and
specific authority. Nor to use the information for personal advantage.
4. Competence: to maintain professional knowledge and skills at appropriate level.
