Select one bolded section that interests you and read through it. Summarize what the rules cover. Is there anything missing that you feel should be added
A Are there any guidelines that you would eliminate
B What would be the biggest challenge an auditor might face following your chosen section
C Be sure to respond to at least one of your classmates’ posts with new information about the topic, a clarifying example, and so on.
The correct answer and explanation is :
Sure! Let’s choose a bolded section that might typically appear in a code of ethics, audit guidelines, or internal control manual. For this answer, I’ll assume the selected bolded section is:
Confidentiality and Data Privacy
Summary of the Rules Covered:
This section outlines how auditors must handle sensitive information. It emphasizes that any client or organizational data accessed during the audit must be kept confidential and only used for legitimate audit purposes. Auditors are expected to protect data from unauthorized access or disclosure, comply with relevant data protection laws (like GDPR or HIPAA), and avoid discussing sensitive information outside appropriate channels.
Missing Elements That Should Be Added:
While the section covers the basics of confidentiality, it could be improved by including:
- Clear protocols for data breaches, including reporting timelines and responsibilities.
- Guidelines for using personal devices or remote work, which is more relevant now with hybrid work models.
- Retention and disposal policies for audit documents and client data.
A) Guidelines to Eliminate:
None of the core guidelines should be eliminated, as confidentiality is a foundational principle of auditing. However, overly vague language (like “auditors should try their best to protect data”) should be removed and replaced with clear, actionable rules (e.g., “Auditors must encrypt all portable storage devices used for audit work”).
B) Biggest Challenge Auditors Might Face:
The greatest challenge is navigating data privacy laws that vary across jurisdictions. For example, if an auditor is working internationally, they must comply with different standards like the EU’s GDPR or California’s CCPA. This complexity increases the risk of unintentional non-compliance.
Another challenge is maintaining security when working remotely or accessing data on personal devices—there’s a higher risk of data leaks if proper cybersecurity measures aren’t in place.
C) Response to a Classmate’s Post:
(Example Response)
Hey [Classmate’s Name], you made a great point about the importance of maintaining independence. Building on that, confidentiality directly supports independence too. For example, if an auditor shares confidential info—even unintentionally—it can lead to perceptions of bias or undue influence from external parties. A good clarifying example is when auditors receive pressure from company executives to reveal the audit’s preliminary findings; maintaining confidentiality ensures the audit remains objective and free from manipulation.
Total Word Count: ~330
