Code of Ethics
The Office of Internal Audit has adopted the following Professional Code of Ethics, which comprises the Institute of Internal Auditors (IIA) Code of Ethics to promote an ethical culture in the profession of internal auditing. The Code of Ethics includes the following principles and rules of conduct:
The integrity of internal auditors establishes trust and thus provides the basis for reliance on their judgment. The Office of Internal Audit shall:
- Perform work with honesty, diligence, and responsibility;
- Observe the law and make disclosures expected by the law and the profession;
- Not knowingly be a party to any illegal activity or engage in acts that are discreditable to the profession of internal auditing or to the University; and
- Respect and contribute to the legitimate and ethical objectives of the University.
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. The Office of Internal Audit shall:
- Not participate in any activity or relationship that may impair or be presumed to impair their unbiased assessment;
- Not participate in activities or relationships that may be in conflict with the interests of the organization;
- Not accept anything that may impair or be presumed to impair their professional judgment; and
- Disclose all material facts known to them that, if not disclosed, may distort the reporting of activities under review.
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. The Office of Internal Audit shall:
- Be prudent in the use and protection of information acquired in the course of the audit;
- Not use 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 University; and
- Not disclose information determined to be confidential and restrictive.
Internal auditors apply the knowledge, skills, and experience needed in the performance of internal audit services. The Office of Internal Audit shall:
- Engage only in those services for which they have the necessary knowledge, skills, and experience;
- Perform internal auditing services in accordance with the International Standards for the Professional Practice of Internal Auditing; and
- Continually improve their proficiency and the effectiveness and quality of their services.