Question 1

Ideally,which of the following should oversee the ethics audit?

Accepted Answer

A) The board's financial audit committee 
B) the CFO 
C) the CEO 
D) outside consultants 
E) secondary stakeholders 
A) The board's financial audit committee 
B) the CFO 
C) the CEO 
D) outside consultants 
E) secondary stakeholders

Question 2

Ethics audits can help companies identify potential _____ so they can implement plans to eliminate or reduce them before they reach crisis dimensions.

Accepted Answer

A) competitive advantages 
B) risks and liabilities 
C) productivity issues 
D) technological glitches 
E) market opportunities 
A) competitive advantages 
B) risks and liabilities 
C) productivity issues 
D) technological glitches 
E) market opportunities

Question 3

_________ include management's commitment to the ethics program and the methods or system for ethics evaluation.

Accepted Answer

A) Shared values 
B) Formal controls 
C) Financial controls 
D) Process controls 
E) Output controls 
A) Shared values 
B) Formal controls 
C) Financial controls 
D) Process controls 
E) Output controls

Question 4

_____ are a primary stakeholder group and should be included in the ethics auditing process because their loyalty determines an organization's success.

Accepted Answer

A) Customers 
B) Suppliers 
C) Special interest groups 
D) Competitors 
E) Legislators 
A) Customers 
B) Suppliers 
C) Special interest groups 
D) Competitors 
E) Legislators

Question 5

Under the _____,CEOs and CFOs may be criminally prosecuted if they knowingly certify misleading financial statements.

Accepted Answer

A) Sherman Antitrust Act 
B) Ethical Compliance Act 
C) Robinson-Patman Act 
D) Sarbanes-Oxley Act 
E) Dodd-Frank Act 
A) Sherman Antitrust Act 
B) Ethical Compliance Act 
C) Robinson-Patman Act 
D) Sarbanes-Oxley Act 
E) Dodd-Frank Act

Question 6

A disclaimer of opinion for an audit states that the financial statements are clearly stated.?

Accepted Answer

A) True 
 B)False

Question 7

Compare and contrast ethics auditing and financial auditing.How can the tools of financial auditing be applied to ethics audits?

Accepted Answer

Ethics auditing employs procedures and

Question 8

Which of the following statements about ethics audits is false?

Accepted Answer

A) They provide an opportunity to measure conformity to the firm's desired ethical standards. 
B) The terms ethics audits and social audits can be used interchangeably. 
C) They provide an objective method for demonstrating a company's commitment to improving strategic planning, including its compliance with legal and ethical standards and social responsibility. 
D) They can be a component of social audits. 
E) They are systematic evaluations of an organization's ethics program and performance to determine whether it is effective. 
A) They provide an opportunity to measure conformity to the firm's desired ethical standards. 
B) The terms ethics audits and social audits can be used interchangeably. 
C) They provide an objective method for demonstrating a company's commitment to improving strategic planning, including its compliance with legal and ethical standards and social responsibility. 
D) They can be a component of social audits. 
E) They are systematic evaluations of an organization's ethics program and performance to determine whether it is effective.

Question 9

The concept of ethics auditing emerged from the movement to audit and report on companies' broader _____ initiatives.

Accepted Answer

A) product development 
B) legal compliance 
C) risk management 
D) public relations 
E) social responsibility 
A) product development 
B) legal compliance 
C) risk management 
D) public relations 
E) social responsibility

Question 10

The word _____ implies a balanced organization that makes ethical financial decisions and also is ethical in more subjective matters of corporate culture.

Accepted Answer

A) compliance 
B) integrity 
C) financial management 
D) corporate culture 
E) transparency 
A) compliance 
B) integrity 
C) financial management 
D) corporate culture 
E) transparency

Question 11

Describe the process of conducting an ethics audit in detail.

Accepted Answer

The first step in conducting any audit i

Question 12

__________ is a management system that focuses on all of the elements that contribute to organizational performance and success.

Accepted Answer

A) The Global Reporting Initiative 
B) Process controls 
C) Six Sigma 
D) The Balanced Scorecard 
E) The triple bottom line 
A) The Global Reporting Initiative 
B) Process controls 
C) Six Sigma 
D) The Balanced Scorecard 
E) The triple bottom line

Question 13

Six Sigma is a methodology designed to manage process variations that cause defects and to systematically work toward managing variation to eliminate those defects.?

Accepted Answer

A) True 
 B)False

Question 14

A(n)_____ is a tool that companies can employ to identify and measure their ethical commitment to stakeholders.

Accepted Answer

A) ethics audit 
B) social audit 
C) financial audit 
D) performance audit 
E) external audit 
A) ethics audit 
B) social audit 
C) financial audit 
D) performance audit 
E) external audit

Question 15

Which of the following is important in defining the scope of the audit process? ?

Accepted Answer

A) The types of teams involved in the process 
B) Opportunities the business has to manage ethics 
C) Who has been assigned to oversee the audit 
D) Government regulations outlining the process 
E) Deciding on how to verify the results 
A) The types of teams involved in the process 
B) Opportunities the business has to manage ethics 
C) Who has been assigned to oversee the audit 
D) Government regulations outlining the process 
E) Deciding on how to verify the results

Question 16

Which of the following provides international guidelines for compliance management?

Accepted Answer

A) triple bottom line 
B) Open Compliance Ethics Group 
C) Balanced Scorecard 
D) ISO 19600 
E) Global Reporting Initiative 
A) triple bottom line 
B) Open Compliance Ethics Group 
C) Balanced Scorecard 
D) ISO 19600 
E) Global Reporting Initiative

Question 17

What is the Global Reporting Initiative? What is its goal? Why has it grown in importance?

Accepted Answer

The Global Reporting Initiative (GRI)adv

Question 18

Shared values among employees are the glue of successful management.?

Accepted Answer

A) True 
 B)False

Question 19

Which of the following has a significant impact on the success of an ethics program?

Accepted Answer

A) The types of ethical decisions 
B) The quality of communication 
C) The size of the company 
D) Legal constraints 
E) A statement of values 
A) The types of ethical decisions 
B) The quality of communication 
C) The size of the company 
D) Legal constraints 
E) A statement of values

Question 20

What is a risk of ethics auditing?

Accepted Answer

A) It could offend stakeholders. 
B) It could uncover a serious ethical problem. 
C) It could violate industry best practices. 
D) It is not as comprehensive as a social audit. 
E) It is unlikely to identify new risk areas. 
A) It could offend stakeholders. 
B) It could uncover a serious ethical problem. 
C) It could violate industry best practices. 
D) It is not as comprehensive as a social audit. 
E) It is unlikely to identify new risk areas.

Ideally,which of the following should oversee the ethics audit?

Ethics audits can help companies identify potential _____ so they can implement plans to eliminate or reduce them before they reach crisis dimensions.

_________ include management's commitment to the ethics program and the methods or system for ethics evaluation.

_____ are a primary stakeholder group and should be included in the ethics auditing process because their loyalty determines an organization's success.

Under the _____,CEOs and CFOs may be criminally prosecuted if they knowingly certify misleading financial statements.

A disclaimer of opinion for an audit states that the financial statements are clearly stated.?

Compare and contrast ethics auditing and financial auditing.How can the tools of financial auditing be applied to ethics audits?

Which of the following statements about ethics audits is false?

The concept of ethics auditing emerged from the movement to audit and report on companies' broader _____ initiatives.

The word _____ implies a balanced organization that makes ethical financial decisions and also is ethical in more subjective matters of corporate culture.

Describe the process of conducting an ethics audit in detail.

__________ is a management system that focuses on all of the elements that contribute to organizational performance and success.

Six Sigma is a methodology designed to manage process variations that cause defects and to systematically work toward managing variation to eliminate those defects.?

A(n)_____ is a tool that companies can employ to identify and measure their ethical commitment to stakeholders.

Which of the following is important in defining the scope of the audit process? ?

Which of the following provides international guidelines for compliance management?

What is the Global Reporting Initiative? What is its goal? Why has it grown in importance?

Shared values among employees are the glue of successful management.?

Which of the following has a significant impact on the success of an ethics program?

What is a risk of ethics auditing?

The Importance of Business Ethics

Stakeholder Relationships, Social Responsibility, and Corporate Governance

Emerging Business Ethics Issues

The Institutionalization of Business Ethics

Ethical Decision Making

Individual Factors: Moral Philosophies and Values

Organizational Factors: The Role of Ethical Culture and Relationships

Developing an Effective Ethics Program

Globalization of Ethical Decision Making

Ethical Leadership

Sustainability: Ethical and Social Responsibility Dimensions

Filters

Exam 9: Managing and Controlling Ethics Programs

Ideally,which of the following should oversee the ethics audit?

Ethics audits can help companies identify potential _____ so they can implement plans to eliminate or reduce them before they reach crisis dimensions.

_________ include management's commitment to the ethics program and the methods or system for ethics evaluation.

_____ are a primary stakeholder group and should be included in the ethics auditing process because their loyalty determines an organization's success.

Under the _____,CEOs and CFOs may be criminally prosecuted if they knowingly certify misleading financial statements.

A disclaimer of opinion for an audit states that the financial statements are clearly stated.?

Compare and contrast ethics auditing and financial auditing.How can the tools of financial auditing be applied to ethics audits?

Which of the following statements about ethics audits is false?

The concept of ethics auditing emerged from the movement to audit and report on companies' broader _____ initiatives.

The word _____ implies a balanced organization that makes ethical financial decisions and also is ethical in more subjective matters of corporate culture.

Describe the process of conducting an ethics audit in detail.

__________ is a management system that focuses on all of the elements that contribute to organizational performance and success.

Six Sigma is a methodology designed to manage process variations that cause defects and to systematically work toward managing variation to eliminate those defects.?

A(n)_____ is a tool that companies can employ to identify and measure their ethical commitment to stakeholders.

Which of the following is important in defining the scope of the audit process? ?

Which of the following provides international guidelines for compliance management?

What is the Global Reporting Initiative? What is its goal? Why has it grown in importance?

Shared values among employees are the glue of successful management.?

Which of the following has a significant impact on the success of an ethics program?

What is a risk of ethics auditing?

The Importance of Business Ethics

Stakeholder Relationships, Social Responsibility, and Corporate Governance

Emerging Business Ethics Issues

The Institutionalization of Business Ethics

Ethical Decision Making

Individual Factors: Moral Philosophies and Values

Organizational Factors: The Role of Ethical Culture and Relationships

Developing an Effective Ethics Program

Globalization of Ethical Decision Making

Ethical Leadership

Sustainability: Ethical and Social Responsibility Dimensions

Filters