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Visit the websites for the Institute of Internal Auditor and the Association of Certified Fraud Examiners:

http://www.theiia.org
http://www.acfe.com

In particular, read the code of ethics for both organizations at:

http://www.theiia.org/guidance/additional-resources/ippf-processes/
http://www.acfe.com/about/cfe-rules.asp?copy=ethics

How do the codes complement each other? Provide three other notable points of information from each site that either you learned for the first time or have found useful in your current work role. Lastly, both organizations have standards. Why are standards important in these fields?

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Solution Summary

Visit the websites for the Institute of Internal Auditor and the Association of Certified Fraud Examiners:

http://www.theiia.org
http://www.acfe.com

In particular, read the code of ethics for both organizations at:

http://www.theiia.org/guidance/additional-resources/ippf-processes/
http://www.acfe.com/about/cfe-rules.asp?copy=ethics

How do the codes complement each other? Provide three other notable points of information from each site that either you learned for the first time or have found useful in your current work role. Lastly, both organizations have standards. Why are standards important in these fields?

Solution Preview

The correct link for the ACFE Code of Ethics is http://www.acfe.com/code-of-ethics.aspx

How do the codes complement each other?

Both codes require the same basic principles. The internal auditor and the fraud examiner must both remain unbiased, professional, and ethical in all decision making. If violations are found, each organization goes through a specific process of determining if an ethics violation has taken place, and it is then appropriately dealt with by the respective agency. ...

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