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26 Cards in this Set
- Front
- Back
purpose of federal sentencing guideline org
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encourages federal judges to increase fines for organizations that continually tolerate misconduct and to reduce or eliminate fines for firms w extensive compliance programs that make due diligence attempts to abide by legal & ethical standards
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training & communication initiatives should be reflected by what unique characteristics
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size,culture,values,management styles,& employee base
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largest reason ERC noted for why people did not report
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1st was theft were skeptical their report would make a difference and 2nd most common was fear of retaliation
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6 common mistakes madein designing and implementing an ethics program
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1. failure to understand & appreciate
2. not setting realistic & measurable program objectives 3. senior management failure to take ownership of program 4. developing program materials that do not address the needs of the avg employee 5. transferring an american program to a firms international operations 6. designing a ethics program that is little more than a series of lectures |
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fostering ethical decision making w an org. requires improving firms ethical standards and ?
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terminating the bad apples in the organization
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a strong ethics program includes ?
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-a written code of conduct or ethics,
-formal ethics training, -an ethics officer to oversee the program -auditing, monitoring, enforcement, and revision of standards |
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in the absence of an ethics program employees are likely to make decisions based on
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how their coworkers behave
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codes of conduct is a formal statement that describes
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what an org expects of its employees in terms of ethical behavior
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at the heart of fsgo is a carrot & stick philosophy that
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rewards efforts to improve ethics
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top managers may be more inclined to engage in unethical org conduct because of ?
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social isolation
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a code of ethics that does n address specific High risk activities w in the scope of daily activities is
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inadequate
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what has a significant impact on success of an ethics program ?
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-quality of communication
-content of company's code of ethics -senior managements ability to incorporate ethics into org -frequency of communication |
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what is a tool that company's can employ to identify and measure their ethical commitment to stakeholders
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ethics audit
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which statement attests that the financial statements made in an audit are fairly stated w out limitations ?
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unqualified opinion
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under which act can CEOs and CFOs be criminally prosecuted If they knowingly certify misleading financial statements
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sarbanes oaxley act
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what step does an audit do to identify the tools or methods for measuring progress in improving employees ethical decisions a conduct?
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collect and analyze relevant information
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any attempt to verify outcomes and to compare them with standards can be considered?
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audit activity
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which is not a measure of ethical climate?
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collective skill
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which step in the audit should a firm examine all documents that make explicit commitments
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review organization mission goals
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who is the primary stakeholder group that should be included in the ethics auditing process bc their loyalty determines the org success
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customers
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What offers social auditing services
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ethics audit consultant
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the process of verifying the results of an audit should involve standard procedures that control ?
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the reliability and validity of the info
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most firms ethics audits are done by who?
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by managers or ethics officers
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what are 3 triple bottom line factors incorporated into global reporting?
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economic, social,and environmental indicators
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what is the first step in the auditing process ?
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secure the commitment of tope executives and directors
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ethic audits help ?
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companies identify potential risks and liabilities so they can implement plans o eliminate or reduce them before they reach crisis
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