Issai 30 - Code of Ethics

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ISSAI 30

The International Standards of Supreme Audit Institutions, ISSAI, are issued by the International Organization of Supreme Audit Institutions, INTOSAI. For more information visit www.issai.org

INTOSAI

Code of Ethics

I NT OS AI P r ofe ss i o n a l S t an d ar ds Co m mi t te e PSC-Secretariat Rigsrevisionen • Landgreven 4 • P.O. Box 9009 • 1022 Copenhagen K • Denmark Tel.:+45 3392 8400 • Fax:+45 3311 0415 •E-mail: info@rigsrevisionen.dk

INTOSAI
EXPERIENTIA MUTUA OMNIBUS PRODEST
EXPERIENTIA MUTUA

OMNIBUS PRODEST

INTOSAI General Secretariat - RECHNUNGSHOF (Austrian Court of Audit) DAMPFSCHIFFSTRASSE 2 A-1033 VIENNA AUSTRIA Tel.: ++43 (1) 711 71 • Fax: ++43 (1) 718 09 69 E-MAIL: intosai@rechnungshof.gv.at; WORLD WIDE WEB: http://www.intosai.org

Table of Contents
Chapter 1 ..................................................................................... 4 Introduction..................................................................................... 4

Chapter 2 ..................................................................................... 5 Integrity ........................................................................................... 5

Chapter 3 ..................................................................................... 5 Independence, Objectivity and Impartiality .................................... 5

Chapter 4 ..................................................................................... 6 Professional Secrecy ....................................................................... 6

Chapter 5 ..................................................................................... 6 Competence ..................................................................................... 6

Glossary ...................................................................................... 7

3

Chapter 1
Introduction
Concept, Background and Purpose of the Code of Ethics
1. INTOSAI has deemed it essential to establish an international Code of Ethics for auditors in the public sector.

2. A Code of Ethics is a comprehensive statement of the values and principles which should guide the daily work of auditors. The independence, powers and responsibilities of the public sector auditor place high ethical demands on the SAI and the staff they employ or engage for audit work. A code of ethics for auditors in the public sector should consider the ethical requirements of civil servants in general and the particular requirements of auditors, including the latter’s professional obligations. 3. With the Lima Declaration of Guidelines on Auditing Precepts 1 as its foundation, the INTOSAI Code of Ethics should be seen as a necessary complement, reinforcing the INTOSAI Auditing Standards issued by the INTOSAI Auditing Standards Committee in June 1992. 4. The INTOSAI Code of Ethics is directed at the individual auditor, the head of the SAI, executive officers and all individuals working for or on behalf of the SAI who are involved in audit work. However, the Code should not be interpreted as having any impact on the organisational structure of the SAI. Due to national differences of culture, language, and legal and social systems, it is the responsibility of each SAI to develop its own Code of Ethics which best fits its own environment. Preferably these national Codes of Ethics should clarify the ethical concepts. The INTOSAI Code of Ethics is intended to constitute a foundation for the national Codes of Ethics. Each SAI has the responsibility to ensure that all its auditors acquaint themselves with the values and principles contained in the national Code of Ethics and act accordingly. 5. The conduct of auditors should be beyond reproach at all times and in all circumstances. Any deficiency in their professional conduct or any improper conduct in their personal life places the integrity of auditors, the SAI that they represent, and the quality and validity of...
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