Ethics And The International Professional Practices Framework

Introduction This report is going to explain the role of an auditor and their importance in the work force and what attracts me to the job and why I am interested in PwC and what I hope to gain from the scheme. What is Audit/Auditor? The Business Dictionary defines audit as â€Å"A systematic examination and verification of a firm’s books of account, transaction records, other relevant documents, and physical inspection of inventory by qualified accountants†. Auditors can be split into two different divisions, internal auditors and external auditors. They are to follow the Code of Ethics and the International Standards. The nature of the role is contained within the International Professional Practices Framework (IPPF). The Charted institute of internal auditors states that the role of an internal auditor is to provide independent assurance that an organization’s risk management; governance and internal control processes are operating effectively. Internal auditors are obliged to provide an impartial and objective view. They are independent from the operations they evaluate and report to the senior managers and governors. Internal auditors deal with issues that are primarily essential to the survival of any organization. Internal auditors help companies succeed, through a combination of assurance and consulting. In comparison to external auditors, they look beyond financial risks and statements to consider wider issues such as the company’s reputation, growth. KPMGShow MoreRelatedUnethical Business Practices Of Multinational Companies1512 Words   |  7 PagesAbstract This paper discusses the unethical business practices of multinational companies, which have become a concern on a national and international level. While the convergence of accounting standards remains a challenge, so has a set of ethical standards. The need for a global set of standards has become paramount over the last decade. 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