International Professional Practices Code Of Ethics

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I would advise Mr. Eatough to report this matter to senior management and the board under section IPPF 2060. “The chief audit executives can report the significant risk exposures and control issues including fraud risks, governess issues and other matters needed or requested by senior management” (Kurt, B). The company clearly violate the IIA's International Professional Practices Frameworks code of ethics by not performing work with sincerity and integrity. The company violated the following IPPF sections that are “IPPF 2600 resolution of senior management and acceptance of risk when the audit executives conclude that management has accepted a level of risk that maybe unacceptable to the organisation, the chief audit executives must discuss…show more content…
For example, Mark, Hal, Brenda and Gail know about a substantial number of old stock and past due records. By eliminating this data which was found during the audit, would lead them to be part of the group to this unlawful action and dishonor the auditing profession. Brenda and Hal wish to deny these outcomes from Mark’s report to keep their rewards and the significant image of the association. Mark must pick whether to forbid results and abuse the Institute of Internal Auditing's Code of Ethics or conflict with his organization and report his findings. 2 The objectivity principle rule of conduct 2.1 violated that is “internal auditor 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” (Kurt, pp.2-7, 2-8). For example, it is disregarded by Gail Wu because of her incapacity to remain impartial from her past position in the finance department. It demonstrates the irreconcilable circumstance of the…show more content…
According to the case, Gail's aim to proceed with the present report that would misrepresent the report of operations in a review by the auditor (Mark), and erroneously depict the organization. Mark responsibility regarding the code would be disrupted in the event if he decided to not report his conclusions. 3 The competency principle rule of conduct 4.1 violated that is “internal auditor shall engage only in those services for which they have the necessary knowledge, skills, and experience” (Kurt, p.2-8). For example, Gail Wu was not prepared as an auditor and isn't comfortable with the auditing standards and moral codes. Hence Gail’s inadequacy of information and comprehend of IIA's code of ethics influences her to unfit for the internal audit director position B. The ethical dilemma mark faces might have been avoided by the
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