Ethics Ch.5
the 20/60/20 rule states the percent of employees who would commit a fraudulent act if the chance of getting caught is considered low
60%
which of the following is not an example of emerging public accountability standards or initiatives
Sox-404
the most common sources of conflict of interest are
a and b
Corporations are now increasingly realizing that they are accountable
a and c
a conflict of interest exists when a given decision maker (D) and another person (P) are in the following situation"
a and c
the company's internal auditors and the ethics officer should report
a and c
A conference board survey identified the following rationale for developing codes of ethics
all of the above
experience has revealed that, to be effective, a code must be reinforced by
all of the above
this is the preferred approach to deal with conflicts of interest
avoidance
which of the following is not a mechanism for monitoring a code of ethics
awards and bonuses
this code deals with ethics principles plus additional examples
code of conduct
Sox is imposed the following new penalties for executives
criminal prosecution for executves
The primary focus of an integrity based ethics program is
define organizational values and encourage employee committment
building trust within an organization can have favorable impact on employees willingness to share information and ideas in a process of
ethical renewal
Which of the following is not a characteristic identified by forensic experts in prospective fraud situations
high intelligence
The primary focus of a compliance-based ethics program is
preventing, detecting and punishing violations of the law
which of the following is not true
rules are more useful than principles because rules can be interpreted as new circumstances require
a fundamental problem examined by agency theory is how it is possible to align
shareholders and managers goals
Which of the following is not an ethics risk management principle
the code of ethics must be reviewed by independent parties
the most important factor in encouraging employee observance to an ethics program is that employees perceive that it is
value based