Document background
The Audit Code of Conduct serves as a fundamental governance document for audit practitioners in Malaysia, establishing mandatory guidelines for professional behavior and ethical standards. This document becomes necessary when audit firms or individual auditors need clear direction on maintaining professional standards, independence, and ethical conduct in their practice. The code is designed to comply with Malaysian regulatory requirements while incorporating international best practices. It includes detailed provisions for independence, quality control, confidentiality, and professional competence, addressing specific challenges in the Malaysian business environment. The document is particularly crucial given Malaysia's position as a key financial center in Southeast Asia and the need to maintain high standards of audit quality and professional integrity.
