In a short essay, describe the concept of ethical auditing.
What will be an ideal response?
Ethical auditing can be defined as the regular comprehensive evaluation of the compliance of the
firm’s ethical policies and procedures. Ethical auditing attempts to look at an organization’s
faithfulness to its ethics program. This includes the mission in conjunction with the ethics code.
Most important, an ethics audit will help an organization recognize risks relates to questionable
practices in the organization. The ethical auditing process is an evaluation tool used by
management to ensure that the ethical conduct described in the code of ethics is enforced
throughout the organization.
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A high inventory turnover ratio normally indicates inefficient inventory policies.
Answer the following statement true (T) or false (F)
Wean Corporation's budgeted balance sheet for the coming year shows total assets of $5,000,000 and total liabilities of $2,000,000. Common stock and retained earnings make up the entire stockholders' equity section of the balance sheet. Common stock remains at its beginning balance of $1,500,000. The projected net income for the year is $333,000. The company pays no dividends. What is the balance
of retained earnings at the beginning of the budget period? A) $1,067,000 B) $1,167,000 C) $1,833,000 D) $1,500,000
Job analysis can be used to standardize the same job performed by two or more other individuals
Indicate whether the statement is true or false.
Jesse arrests Imelda on suspicion of embezzlement. According to the United States Supreme Court in Case 9.2, Miranda v. Arizona, Imelda must be apprised of certain of her rights
A. after any questioning. B. at any time during questioning. C. only in the absence of questioning. D. prior to any questioning.