In a short essay, list six components of a code of conduct for financial institutions according to the publication “Corporate Codes of Conduct: Guidance to Implementing an Effective Ethics Program.”
What will be an ideal response?
1. Safeguarding confidential information
2. Ensuring the integrity of records
3. Providing strong internal controls over assets
4. Providing candor in dealing with auditors, examiners, and legal counsel
5. Avoiding self-dealings and acceptance of gifts or favors
6. Observing applicable laws
7. Implementing appropriate background checks
8. Involving internal auditors in monitoring corporate codes of conduct or ethics policies
9. Providing a mechanism to report questionable activity
10. Outlining penalties for a breach of the corporate code of conduct or ethics policy
11. Providing periodic training and acknowledgment of the policy
12. Periodically updating policies to reflect new business activities
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Indicate whether the statement is true or false.
Match each account with its description.
A. Account to debit when receivables and interest are collected. B. Informal credit arrangements with trade customers. C. Account to debit when interest accrues at the end of the year. D. Formal signed credit arrangements between a creditor and a debtor. E. Account to credit when interest accrues at the end of the year.
This is the term for the total value of a publicly traded company as calculated by multiplying the price per share of stock by the total number of shares of stock outstanding.
A) Total Assets B) Market Value C) Market Capitalization D) P/E Ratio E) Beta
The AQCD test refers to the need for key external factors to exhibit what? attributes?
A. Quantitative and divisional B. Actionable and commonality C. Decisive and comparative D. Actionable and decisive E. Algebraic and decisive