Code Of Conduct Through Their Own Behavior

An appropriate code of ethics is a “form of legislation within a professional organization” which “binds it employees”, with “specific sanctions for violation” of the code of ethics set forth ("Code of Ethics," 2015). It’s a “formal document” and does not pertain to the “environment” or an “understanding” a consensus or unwritten rule, or aspect of the organizations culture ("Code of Ethics," 2015). An appropriate code of ethics is based on the “best-practice that applies to universal ethical deliberation” and recognizes, and encourages the “notion that personal and professional ethics cannot be dealt with as separate domains” ("Code of Ethics," 2015).

Another outcome of the law is, Public Company Accounting Oversight Board (PCAOB), a public agency was created .This agency act as auditors of the public company .Their area of work is overseeing, regulating and inspecting accounting firms. The act also deals with issues such as auditor independence, internal control assessment, corporate governance and enhanced financial disclosure. The non-profit arm of Financial Executives International, Financial Executive Research Foundation completed a thorough research studies to help support in the foundation of the

Code of Ethics is a written set of rules issued by an organization to its employees and administration to aid them provide treatment in accordance with its prime values and ethical standards.

The code of ethics and business conduct provide guidance to all employees on what is required of them when faced with multiple ethical and legal issues that may arise during their work shift. The code provides more

The Sarbanes-Oxley Act of 2002 (SOX) was passed by Congress and signed into law by President Bush to “mandate a number of reforms to enhance corporate responsibility, enhance financial disclosures and combat corporate and accounting fraud” and applies to all public companies in the U.S., large and small (The Laws That Govern the Securities Industry, 2015). The main purpose of Sarbanes-Oxley is to “eliminate false disclosures” and “prevent undisclosed conflicts of interest between corporations and their analysts, auditors, and attorneys and between corporate directors, officers, and shareholders” (Neghina & Riger, 2009). As a whole, the Sarbanes-Oxley Act is very complex and affected organizations must do their due diligence to ensure they

This very important government agency, which consists of five commissioners from different political parties, not only oversees the SOX but also sets deadlines for compliance. Compliance is the most important change created by SOX to the accounting field, because it requires that all accounting be “in accordance with established guidelines or specifications, or the process of becoming so”. (Rouse, 2014)

A code of ethics highlights the responsibility and accountability standards of each and every employee within the organization. These codes are also motivating factors that guide the employees’ behavior, set the standard regarding ethical conduct, and build an organizations trustworthiness within

Code of ethics can be defined as a set of rules or principles that outlining the social norms, rules, and responsibilities or proper practices for an individuals, party, or organizations.

Ethical code of conducts plays an important role in reducing ambiguity and considerations of individual perspectives in ethical standards. These codes provide guidance on ethical standards to assist the employees in understanding the right and wrong conduct and apply that understanding to their works. A formal program must be in place to implement the ethics code. Employees at all levels must be committed to the company’s ethics program to ensure strict enforcement of codes. Developing an organizational identity is essential for the company’s

* providing all employees, contractors and third parties with guidelines/rules that state the security expectations of their roles within the organization;

The Sarbanes-Oxley Act (SOX) was enacted in July 30, 2002, by Congress to protect shareholders and the general public from fraudulent corporate practices and accounting errors and to maintain auditor independence.   In protecting the shareholders and the general public the SOX Act is intended to improve the transparency of the financial reporting.   Financial reports are to be certified by the Chief Executive Officer (CEO) and Chief Financial Officer (CFO) creating increased responsibility and independence with auditing by independent audit firms. In discussing the SOX Act, we will focus on how this act affects the CEOs; CFOs; outside independent audit firms; the advantages and a

The code of ethics and conduct is a written set of rules and regulations that provides guidance to employees of an organization on how to conduct themselves and carry out their duties in line with the organization’s principles. The code of ethics and conduct is also be backed up by suitable disciplinary actions. A code of ethics and conducts helps employees deal with ethical issues and other gray areas that they face as they execute their daily activities. An effective code of ethics and conduct is required for an organization to run smoothly and maintain a positive image. Having an ineffective code of ethics and conduct is almost like having none.

-ensures appropriate and timely disclose of material information with respect to the corporations business and affairs

Effective internal controls protect a company’s assets, maintain compliance, improve operations, prevent fraud, and promote accuracy in financial reporting. In 1992 the

Ten years ago, corporate governance was still in the concept stage. There wasn’t a lot of information about corporate governance. After some big corporate failure that hit the economy, it has become obvious that corporate governance matters. After the collapse of Enron,Wordcom,..a new regulation was born (Sarbanes Oxley).The law was implement to increase transparency and to promote integrity and accuracy inside the companies.