Page 76 - DCOM204_AUDITING_THEORY

Auditing Theory

Notes 4.3.5 Applicability and Enforcement

This Code of Ethics is directed to internal, external auditors, as well as all other individuals
working on a company audit. For association members, breaches of the Code of Ethics will be
evaluated and administered according to Disciplinary 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 action.

4.3.6 Rules of Conduct

1. Integrity: Auditors shall:
a. follow high standards of fairness, integrity and ethical conduct;
b. achieve their work with honesty, diligence, and responsibility;
c. observe the law and make disclosures expected by the law and the profession;
d. not knowingly be a party to any illegal activity, or engage in acts that are
discreditable to the profession of auditing or to the organization;
e. respect the integrity of other auditors, recognizing their different experiences and
areas of expertise, and contribute to the legitimate and ethical objectives of the
organization; and
f. not represent themselves as employees or contractors for the Construction Safety
Network at any time.
2. Objectivity: Auditors shall:
a. conduct the audit as instructed by the Audit Protocol without bias, prejudice, variance
or compromise;
b. 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 interest of the organization;
c. remain free of any influence, interest or relationship that impairs professional
judgment, independence or objectivity while providing auditing services;
d. auditors must not market their services at anytime during the audit process;
e. reveal any potential personal or perceived conflict of interest during initial contact
or communication with a client;
f. auditors must avoid conflicts of interest at all times;
g. auditors must not conduct two consecutive audits for a company;
h. protect their independence and not accept any gifts of gratuities which could influence,
compromise or threaten the ability of the auditor to act and be seen to be acting
independently; and
i. uphold both the actual and perceived political neutrality in order to discharge their
duties and responsibilities in an impartial way.
3. Confidentiality: Auditors shall:
a. sustain the confidentiality of information received during the audit;
b. be prudent in the use and protection of information acquired in the course of their
duties;
c. not use audit information for any personal gain or in any manner that would be
contrary to the law or detrimental to the legitimate and ethical objectives of the
organization; and

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