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The purpose of the IIA Code
of Ethics is to promote an ethical culture in the profession of internal
auditing. This Code is founded as it is on the trust placed in its objective
assurance about risk management, control and governance. Certified Internal
Auditors are expected to uphold the following principles in the conduct
of internal auditing services:
The integrity of internal auditors establishes trust and thus provides
the basis for reliance on their judgment.
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.
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.
Internal auditors apply the knowledge, skills, and experience needed
in the performance of internal auditing services.
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.
1.4. Shall respect and contribute to the legitimate and ethical objectives
of the organization.
2. Objectivity
Internal auditors:
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.
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 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.
Adopted by The IIA Board of Directors, June 17, 2000
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