Not participate in any activity or Work with honesty,

Engage only in those services for which we have Be prudent in the use and relationship that may impair or be diligence, and responsibility
the necessary knowledge, skills, and experience protection of information presumed to impair their unbiased
4. Competency acquired in the course of duties assessment OR professional judgment Make disclosures
Perform internal audit services in commitment to acquiring
expected by the law
accordance with Standards and maintaining an Not use information for any Disclose all material facts known to
appropriate level of personal gain or in any manner that, if not disclosed, may distort the Not knowingly be a party to any
Continually improve the proficiency and knowledge and skill that would be contrary to the law reporting of activities under review illegal activity, or engage in acts that
the effectiveness and quality of services are discreditable to the profession

3. Confidentiality 2. Objectivity Respect and contribute to the

1. To enhance and protect organizational
Refusal to use Commitment to providing legitimate and ethical
value by providing risk-based and
organizational information stakeholders with unbiased objectives of the organization
objective assurance, advice, and insight.
for private gain information
2. Facilitating the achievement (A) Mission of 1. Integrity
of this mission is the IPPF Internal Audit Refusal to compromise
professional values for
1. Core Principles: Basis for personal gain
internal audit effectiveness
5. principles
2. Definition of Internal Auditing: Concise
of role of the internal audit activity 1. Mandatory
Guidance 4. Components (2)
3. Code of Ethics: SU 1 : FOUNDATIONS OF
(4 elements)
4. Standards: International Standards for the INTERNAL AUDITING 1. Principles that are
Professional Practice of Internal Auditing relevant to the profession &
(B) International practice of internal auditing
1) Attribute Standards (1000s) Professional Practices
Framework (IPPF) 2. Rules of Conduct that
2) Performance Standards (2000s) describe behavior norms
expected of internal auditors
3) Interpretations 2. Strongly
4) Implementation Standards Recommended
Guidance (D) CODES OF
ETHICAL The Code are applied all
3. Applicability
CONDUCT organizations and persons
(a) Implementation (b) Supplemental who perform internal audit
Guidance (IG) Guidance Final approval of the charter
services, not just CIAs
(C) Internal Audit resides with the boar d.
Charter Violations of rules of ethics
should be reported to The
IIA’s board of directors
1. Purpose of the 2. Authority
internal audit activity 1. Reasons
Internal audit activity should
2. Aspects
be empowered to require
auditees to grant access to 1. To promote an ethical 1. Existence of a code does
all records, personnel, and culture among professionals not ensure that its principles
Assurance Consulting physical properties relevant who serve others are followed or trustworthy
services services to the performance of every
engagement 2. Communicating acceptable 2. It is impossible to require
values to all members equality of competence by
Definition: Objective examination of evidence Definition: activities intended 3. Establishing objective standards all members of a profession
for the purpose of providing an independent to add value and improve an 3. Responsibility
against which individuals can
assessment on governance (Opinion) organization’s governance measure their own performance
To provide the organization 3. The code should provide for
Nature and Scope: determined by Nature and Scope: Subject with assurance and 4. Communicating the disciplinary action for violators
the internal auditor to agreement consulting services that will organization’s values to outsiders
Participants: 3 parties (Process Participants: 2 parties add value and improve the
owner, internal auditor, & user (Internal auditor, & Client) organization’s operations
samehacc1@gmail.com