IIA Code Of Professional Conduct

1050 Words5 Pages
Code of Professional Conduct All leading professional bodies, such as the IIA, have a code of conduct to guide the member and raise the level of trust and confidence of the public in the profession. All members must express their commitment to the code when they join the IIA and to subsequent changes to the code which may be agreed from time to time. The rules and procedures for dealing with any allegation of infringement against the code are described in the Professional Complaints Procedures. This code and the procedures are available to the public. Chartered Institute of Internal Auditors The IIA is a professional association focused exclusively on internal auditing in the United Kingdom and the Republic of Ireland and supporting, promoting…show more content…
Members of the IIA are also members of The Institute of Internal Auditors Inc, the global professional body. This Code incorporates the Code of Ethics issued by the global body. Therefore, by applying the Code, members are also applying the global Code of Ethics. Purpose of the Code of Professional Conduct The code of professional conduct sets out the elements of professional standards and ethical considerations, which the Institute requires from members and shall be binding on all members of the Institute. It contains two principles adopted by the IIA - the overriding principle of professionalism - acting in the public interest - and the principle of treating people fairly and, from the Code of Ethics, an additional four principles and the rules of conduct. Enforcement For Institute members, breaches of the Code of Professional Conduct will be evaluated and administered according to The Institute's Professional Complaints Procedures. The fact that a particular conduct is not mentioned in the Rules of Conduct does not prevent it from being unacceptable or discreditable and therefore, the member liable to disciplinary…show more content…
These include employers, employees, investors, the business and financial community, clients, regulators and government. This reliance imposes a public interest responsibility on the internal audit profession. Professional internal auditors should take into consideration the public interest and reasonable and informed public perception in deciding the actions to take, bearing in mind that the level and nature of the public interest varies between organisations depending on their role, size, systemic importance or public prominence. Therefore, a professional internal auditor's responsibility is not exclusively to satisfy the needs of an individual employer or client. In acting in the public interest a professional internal auditor should observe and comply with the ethical requirements of this Code. Courtesy and
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