Document background
The Audit Code of Conduct serves as a foundational document for audit professionals and organizations operating in the Philippines, establishing mandatory ethical guidelines and professional standards. This document is essential when setting up audit practices, implementing quality control systems, or updating existing audit procedures to ensure compliance with Philippine regulations. The code incorporates requirements from the Philippine Standards on Auditing, SEC regulations, and international best practices, while addressing specific challenges and requirements of the Philippine business environment. It provides comprehensive guidance on independence, professional competence, confidentiality, and quality control, serving as a reference point for audit professionals in their daily operations and decision-making processes.
