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DISCUSSIONS > IIA GENERAL DISCUSSION AREA [ REFRESH ]
Thread Title: Independence issue
Created On Thursday April 11, 2013 4:51 PM
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Malkshake


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Thursday April 11, 2013 4:51 PM

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I am the Chief Internal Auditor at a small bank. My daughter is a student and would like to work part-time at the Company. Do you think there would be an independence issue if she were limited to performing clerical work (filing, photocopying, etc)? Any thoughts or advise would be appreciated.

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LivetoLearn


Posts: 49
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Friday April 12, 2013 12:00 PM

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The major concern, in terms of an independence and a neopotism issue, is will you be supervising her work or auditing product she will perform?
Are you in a position to influence whether or not she will be hired? Would her amount of pay be pre-determined? Do other employees' children get similar opportunites?

I guess I feel it is obvious it would be easy to remain objective about her work in clerical areas. My concern would be rather the tone at the top and other employees' perceptions.

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Mark R. Simmons


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Wednesday April 17, 2013 4:00 PM

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The IPPF provides excellent guidence on independence and objectivity:
Std 1100 - Independence and Objectivity
Std 1130 - Impairment to Independence and Objectivity
Practice Advisory 1110-1 Organizational Independence
Practice Advisory 1120-1 Individual Objectivity
Practice Advisory 1130-1 Impairment to Independence and Objectivity
Practice Guide on Independence and Objectivity - October 2011

I think that if you consult these, you will find that neither your independence (i.e., to whom you report) nor your objectivity (i.e. freedom from bias in the exercise of professional judgement) would be affected if your daughter is merely performing the low level clerical duties you described.

Edited: Tuesday April 23, 2013 at 3:31 PM by Mark R. Simmons

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DISCUSSIONS > IIA GENERAL DISCUSSION AREA [ REFRESH ]
The Institute of Internal Auditors • 247 Maitland Avenue Altamonte Springs, FL. 32701-4201 USA
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