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    Calderon, Janysse Clarence A. Module 4 - Activity Sheet: Differentiate Independence From Objectivity

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    Janysse Calderon
    The document discusses the differences between independence and objectivity for auditors. Independence means being unbiased both in mind and appearance, while objectivity is an internal mindset that should not be affected by outside factors. It also summarizes the two components of the IIA's Code of Ethics - principles like integrity, and rules of conduct that describe expected norms. Examples are provided for each rule of conduct, such as maintaining integrity by not performing illegal activities or ensuring independence by conducting unbiased work.

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    Calderon, Janysse Clarence A. Module 4 - Activity Sheet: Differentiate Independence From Objectivity

    Uploaded by

    Janysse Calderon
    15 views1 page
    The document discusses the differences between independence and objectivity for auditors. Independence means being unbiased both in mind and appearance, while objectivity is an internal mindset that should not be affected by outside factors. It also summarizes the two components of the IIA's Code of Ethics - principles like integrity, and rules of conduct that describe expected norms. Examples are provided for each rule of conduct, such as maintaining integrity by not performing illegal activities or ensuring independence by conducting unbiased work.

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    ACTIVITY 4_CALDERON

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    The document discusses the differences between independence and objectivity for auditors. Independence means being unbiased both in mind and appearance, while objectivity is an internal mindset that should not be affected by outside factors. It also summarizes the two components of the IIA's Code of Ethics - principles like integrity, and rules of conduct that describe expected norms. Examples are provided for each rule of conduct, such as maintaining integrity by not performing illegal activities or ensuring independence by conducting unbiased work.

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Download as docx, pdf, or txt
    15 views1 page

    Calderon, Janysse Clarence A. Module 4 - Activity Sheet: Differentiate Independence From Objectivity

    Uploaded by

    Janysse Calderon
    The document discusses the differences between independence and objectivity for auditors. Independence means being unbiased both in mind and appearance, while objectivity is an internal mindset that should not be affected by outside factors. It also summarizes the two components of the IIA's Code of Ethics - principles like integrity, and rules of conduct that describe expected norms. Examples are provided for each rule of conduct, such as maintaining integrity by not performing illegal activities or ensuring independence by conducting unbiased work.

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    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
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    CALDERON, JANYSSE CLARENCE A.

    Module 4 – Activity Sheet

    Differentiate independence from objectivity.

    An auditor must be independent not just in mind but also in appearance. To be able to
    be independent, an auditor must take the responsibility to express an opinion in an unbiased
    manner. While objectivity, is a kind of mindset that every auditor should have. Auditors should
    not let other people and/or other things affect their judgment that may lead to biased opinion.

    Discuss briefly the components of the IIA’s Code of Ethics.

    The two essential components of the IIA’s Code of Ethics are: (1) Principles that are
    relevant to the profession and practice of internal auditing, means that an auditor must always
    have integrity. And (2) Rules of Conduct that describe behavior norms expected of internal
    auditors.

    Provide examples for each rules of conduct.

     Integrity – Not performing of illegal activities.


     Independence – Conducting an unbiased opinion.
     Objectivity – Conducting an unbiased opinion.
     Confidentiality – Disclosing the information used in an engagement.
     Competency – accepting engagements wherein the auditor has knowledge on it.

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