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5 Cards in this Set
- Front
- Back
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Ethicsaudits are required by the Sarbanes–Oxley Act of 2002. |
False,Financial audits are required, and these may address some ethical issues. |
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Inpublic corporations, the results of ethics audits should be reported to theboard of directors. |
True,This is consistent with good corporate governance but not required. |
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3. An ethics audit helps identifyrisks and rogue employees. |
True,This is the main benefit of an ethics audit. |
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4. The scope of an ethics auditdepends on the type of risks and the opportunities to manage them. |
True,The scope determines the risks unique to the organization |
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5. Smaller companies can skipthe step of verifying the results of an ethics audit. |
False, Verification is necessary to maintainintegrity and accuracy. |
