An organization ' s code of ethics typically requires an annual attestation of compliance with the code of conduct by all employees. This practice helps reinforce the importance of ethical standards and ensures that all employees are regularly reminded of their ethical obligations. It is a common element in effective ethics programs, serving both as a reminder and a mechanism for enforcing the code.
Best practices in corporate governance and ethics.QUESTION NO: 457
According to The IIA ' s Code of Ethics, an internal auditor who has a romantic relationship with an audit client violates which of the following rules of conduct?
A. Confidentiality.
B. Independence.
C. Integrity.
D. Objectivity.
Answer: D
An internal auditor who has a romantic relationship with an audit client violates the rule of objectivity. Objectivity requires that auditors make balanced assessments of all the relevant circumstances and are not unduly influenced by their own interests or by others in forming judgments. A romantic relationship could impair an auditor ' s objectivity by creating a conflict of interest or the perception of bias.References: The IIA ' s Code of Ethics.
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