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Auditors worried over inconsistencies

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Institute of Internal Auditors (IIA) says the profession may fall into disrepute if members disregard ethics that govern their conduct.

The institute has revised its guidelines called International Professional Practices Framework (IPPF) as one way of dealing with unethical behaviour.

IIA Vice President, Thokozile Kuwali, said internal auditors cannot add value if they work without ethics. She was speaking in Lilongwe at the end of a day-long sensitisation workshop for members on the IPPF.

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“Following the revision of the guidelines, some rules have become mandatory. These include definition of internal auditing, code of ethics and standards,” Kuwali said.

Kuwali encouraged members to uphold ethical values so that the profession benefits Malawians.

She said: “It is the man in the street, the man in the remotest area who benefits from the services and products that internal auditors provide. The nation needs to be served better and we can achieve that by having governance structures, proper risk management frameworks and controls.”

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