Topic 8: Abide by and Promote Compliance with The IIA's Code of Ethics

For internal auditors, a formal code of ethics provides a window into generally accepted standards of conduct useful to an organization and its customers. Internal auditors are expected to apply and upheld the following principles:

• Integrity - The integrity of internal auditors establishes trust and thus provides the basis for reliance on their judgment
• 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.
• 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.
• Competency - Internal auditors apply the knowledge, skills and experience needed in the performance of internal auditing services.