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Ethics Auditing

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Ethics Auditing: Identify the benefits and limits of ethics auditing. Is there a strategic role that ethics auditing may play in a company?

Ethics Auditing
By definition, an ethics audit is a “systematic evaluation of an organization’s ethics program and/or performance to determine its effectiveness.” (1) This concept of ethics auditing is fairly new and few companies have conducted an ethics audit. However, performing such audits will likely become more mainstream as recent legislation encourages greater ethical accountability for companies to demonstrate they are abiding by the law and have established programs to improve their ethical decision making.
The U.S. Sentencing Commission (the “Commission) has amended the Federal
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The independent assessment will verify the quality, accuracy and completeness of the audit. Having a third party verify this information will also offer an extra layer of assurance to external constituents.
Step 7: Report the Findings
The final step of the process is to report the findings to management and the board of directors through an ethics audit report. The report should outline all six steps discussed above and identify what the
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