AIRFA Members' Code Of Conduct

Association of Independent Risk & Fraud Advisors

Rules of Professional Conduct

This code of conduct is not legally binding, but AIRFA members do agree to operate and abide by a professional and ethical code of conduct as set out below and as updated from time to time. This code of conduct dictates how AIRFA members will act and operate toward and between each other, with their clients, with other entities and interested parties and in their use of the AIRFA organisation.

Note: Expressions used in this code shall have the meanings assigned to them by any specific and documented requirements of AIRFA. The masculine article is used for ease of reference and should be construed to include also the feminine article.

These general rules are provided to govern the conduct of all members of AIRFA. During their professional employment and in their use of AIRFA to ensure that they are guided at all times to serve the best interests of fellow AIRFA members, AIRFA itself, the risk management profession, and their client(s) and maintain high standards of practice and professional conduct.

All AIRFA members are expected to support and promote the aims of AIRFA and are expected to uphold the standards and professional conduct prescribed below.

To that intent:

  1. A member shall, as far as is reasonable and necessary, take all practical steps to ensure that his professional competence is maintained throughout his working life by the knowledge and practice which currently pertains in the completion of his fraud and/or risk management responsibilities.

  2. A member shall discharge his obligations to all those with whom he has professional relations or by whom he is employed professionally, faithfully and with integrity.

  3. An AIRFA member must carry professional indemnity insurance at a level sufficient for their business and must provide details that this is held in any contracts with clients

  4. A member must operate within signed / agreed contracts with clients that are transparent, professional and provide full details of engagement delivery, expected results and pricing to ensure contracts are delivered in a professional and agreeable manner.

  5. In promoting themselves, an AIRFA member

    1. Shall be entitled to use the name, brand, logo etc of AIRFA to indicate membership of the network.

    2. Shall not improperly canvas or solicit professional employment, whether mentioning their membership to AIRFA or not.

    3. In seeking professional employment a member shall do so in a professional manner making a clear statement of his qualifications.

    4. In offering independent consultancy services, shall do so in a clear and unambiguous manner.

    5. A Member shall not:

      • Maliciously or recklessly injure or attempt to injure, whether directly or indirectly, the professional reputation, prospects or business of another member or AIRFA itself.

      • Make or subscribe to any statement or report, which is contrary to his bona fide professional opinions.

      • Subcontract, form associations or alliances with other parties without proper due diligence, contractual engagement and assurances that these other parties operate within professional bodies and/or codes of conducts.

  6. A member who provides consultancy services in any country outside their own jurisdiction shall order his conduct according to these general rules, so far as they are applicable, but where there are local restrictions and recognised standards of professional conduct he shall adhere to them bearing in mind the high standards of AIRFA on its members.

  7. A member convicted of an appropriate and relevant criminal offence, which in the opinion of AIRFA management renders him unfit to be a member, shall be deemed to be guilty of improper conduct.

  8. A member shall be deemed to be guilty of improper conduct if he takes any action, which includes the making of or subscribing to statements or reports, which in the reasonable opinion of AIRFA management, is likely to bring AIRFA, its membership or other impacted parties into disrepute with the public or wider business community.