Code of Ethics
The Code of Ethics & Standards of Professional Conduct
The Institute of Auditing (TIA) maintains a lifelong association with all Internal Auditing Professionals (IAPs) who are part of the growing profession and network, both nationally and internationally. IAPs are expected to uphold the highest standards of professional ethics while carrying out their professional activities, with the motto "Ethics first, the business next." The relationship between the IAPs and TIA is significant and valuable and lasts a lifetime.
It is mandatory for all TIA members, including IAPs, to comply with the Code of Ethics and Standards of Professional Conduct, as may be specified by TIA from time to time. Each IAP is furnished with a copy of the Code of Ethics and the Standards of Professional Conduct, and required to sign a Declaration Statement, indicating their willingness to follow the Code of Ethics and the Standards of Professional Conduct as prescribed by TIA. The TIA's Code of Ethics is as follows:
1-Integrity:
TIA members must maintain high standards of personal conduct and act with integrity and dignity in their dealings with the public, clients, customers, employers, employees, professionals, and fellow internal auditing professionals.
2-Ethical Behavior:
TIA members must conduct themselves and encourage others to practice internal auditing in a professional and ethical manner. Members must maintain the confidentiality of information acquired under trust in the course of professional work.
3-Professional Competence:
TIA members must act with competence and strive to maintain and improve their competence and that of others in the profession. Members should only accept assignments that they are qualified to undertake and will be able to satisfactorily carry out.
4-Objectivity:
TIA members must be fair in their dealings and must not be biased or prejudiced. They should maintain objectivity and impartiality towards everyone.
5-Professional Independence:
TIA members must use proper care and exercise independent professional judgment in all their professional activities.
6-Public Trust:
TIA members must place the interests of clients, prospective clients, and employers ahead of their own and seek to enhance public confidence in their profession.
TIA has established a mechanism to enforce the Code of Ethics and Standards of Professional Conduct.
The TIA Approach
The IAP Program follows seven distinctive but inter-related approaches
1-Theoretical Studies:
Which aims to enhance the candidates' comprehension of fundamental phenomena and relationships that underlie the world.
2-Applied Studies:
Which bridges the gap between theoretical studies and practical issues encountered by auditing professionals.
3-Practical Exposure To Industry Practice:
Which is offered through various activities, such as training programs, project work, management development programs, seminars, and conventions.
4-Global Perspective On Business:
Which is encouraged to enable candidates to appreciate and gain exposure to international business environments and practices.
5-IT Orientation:
Which emphasizes the importance of information technology and its connection to internal audit.
6-E-business Framework:
Which aims to promote a deep understanding of internal auditing and analysis in the age of E-business, resulting in the virtual provision of internal audit services.
7-Ethical Focus:
Which seeks to instill in candidates an ethical approach to their professional interactions and a sense of personal, corporate, and social responsibilities.