"Trying to apply a single code of ethics may result in a code that is too broad to be useful" (The Practice of Modern Internal Auditing, 1981). A profession's code of ethics is by definition a set of minimal rules of conduct to which the members of that profession should abide by. These rules, stem from and seem very similar to the moral standards that general population follows. Just as in everyday life, these standards of conduct are by no means followed to the letter without exception. People in both cases under their own power choose to follow these rules or not (Autonomy, 1998). People who are part of a profession choose to follow the code of ethics of that profession of their own free will. In addition to the members of a profession choosing to follow the code of ethics, these codes are a minimum standard and by no means do the codes dictate behavior. These codes suggest a set of ideas and goal that one in a profession should work towards.
             Profession's have several characteristics in common-a complex body of knowledge, standards of admission to the profession, and a need for public confidence. To guide the conduct of their members and demonstrate a dedication to serve the public's interest, all recognized professions have established codes of professional ethics.
             In July 1990, the International Federation of Accountants issues its Guidelines on Ethics for Professional Accountants (Guidelines on Ethics for Professional Accountants, 1990). Its stated purpose is to support the objectives of the accounting profession " to work to the highest standards of professionalism, to attain the highest level of performance, and generally meet the public interest".
             Some might argue that internal auditing responsibilities differ widely among organizations, thus making a common code impossible. The Code, as written, could be an acceptable guide for personal discipline and conduct under 11 circ...