Tuesday, September 26, 2006

The moment has come...

What you've been waiting for is (ta-da!) the Code of Conduct of the Institute of Internal Auditors. Mostly from memory, which is a good thing, since I have a test on it in one week. The professor, thinking he was funny, handed out a test requiring that we list 12 articles of the Code and 44 items from the Standards (for internal auditors), even though he had not told us the quiz would be today. He was kidding, but gave us collective heart attacks. (He said he wanted to see who whined the most. I wasn't the winner.)

1. Integrity
Internal Auditors
  1. Shall perform their work with honesty, diligence, and responsibility.
  2. Shall observe the law and make disclosures expected by the law and the profession.
  3. Shall not knowingly be a party to illegal activity or engage in acts discreditable to the profession of internal auditing or the organization.
  4. Shall respect and contribute to the legitimate and ethical objectives of the organization.
2. Objectivity
Internal Auditors
  1. Shall not participate in activities or relationships that may impaire or be presumed to impair their unbiased assessment. This participation includes activities or relationships that may be in conflict with the interests of the organization.
  2. Shall not accept anything that may impair or be presumed to impair their professional judgment.
  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
  1. Shall be prudent in the use and protection of information acquired during the course of their duties.
  2. Shall not use information for personal gain or in any way contrary to the law or detrimental to the legitimate and ethical objectives of the organization.
4. Competence
Internal Auditors
  1. Shall engage only in those services for which they have the necessary knowledge, skills, and experience.
  2. Shall perform internal auditing activities in accordance with the International Standards for the Professional Practice of Internal Auditing.
  3. Shall continuously improve their proficiency and the effectiveness and quality of their services.
There, that wasn't so bad, was it? It would be a good code for a lot of life areas.
I learned that one characteristic of a profession is that it has a code of conduct.

Well, I have a bit more time to study, so goodnight world.

5 comments:

M.O.M. said...

Wow! Isn't it amazing that I am the only one commenting thus far?

Seriously, that was the most boring thing I've ever read! It's all pretty much common sense too. You're paying money for this?

Teehee.

clem said...

The unwashed hordes may not appreciate the nuances of ethical niceties, but I had to learn them anyway, so it seems like a good place to remind myself.

You're right though, no one would pay money to go read the code of ethics on a blog when they can go to the organization's website and read it there (more exciting).

M.O.M. said...

Only if there are pictures of cute accountants! Hmmm...there's an idea.

DaWheeze said...

You guys are weird...;)

Lindsey said...

hmmm, scary stuff.

second dawheeze's motion. my parents are weird in a cute nerdy sort of way.