Ethics, Compliance Auditing, and Emerging Issues

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Ethics, Compliance Auditing, and Emerging Issues


TO: John Doe CEO
FROM: Glen Leonard
RE: Ethics Program / Training /Compliance Auditing
DATE: February 22, 2016

This memo serves as notice that we will soon initiate efforts to develop and implement an ethics program as well as the appropriate training and an effective way to monitor those plans. As you are aware, consumers and partners want to work with companies they can trust, and having a program that will build management skills and effectively structure business controls is a great way to become transparent and build that trust. Overall, an effective ethics and compliance
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As a result of the Sarbanes-Oxley Act (SOX) any internal security controls the company has in place to protect data have to be identified, audited and re-assessed yearly.
“The cyber security landscape has changed in the past couple of years – and not for the better” (Steen, 2013). Banks are faced with attacks to retrieve customer account information, the military battles with attempts to obtain secrets. These attacks are not just committed by induvial hackers but entire countries. Data privacy rules differ from country to country. For example, Fisher, 2014 states individual search engine access is restricted in different ways depending on the country. China along with other countries restrict access to politically sensitive information, while the United States protects the free flow of information (Gonzalez-Padron, 2014). With companies relying more on technology such as cloud computing and virtual storage their level of vulnerability rises. IT personnel have the difficult task of protecting company data, this is why it is vital to have an ethical compliance program in place protect the organization from internal and external threats. Ethical Decision Making Business ethics encompasses beliefs and values that influence individual and group behavior in an organization. Generally, stakeholders decide these principles, which may
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