Question 1

Which of the following is a statement that attests that the financial statements made in an audit are fairly stated, without limitations?

Accepted Answer

A) Adverse opinion 
B) Qualified opinion 
C) Unqualified opinion 
D) Favorable opinion 
E) Disclaimer of opinion 
A) Adverse opinion 
B) Qualified opinion 
C) Unqualified opinion 
D) Favorable opinion 
E) Disclaimer of opinion C

Question 2

The measurement system that has become a prominent framework that companies have adopted to report their social and sustainability progress is defined as the

Accepted Answer

A) Balanced Scorecard. 
B) OCEG Benchmarking Study. 
C) Triple bottom line. 
D) Six Sigma. 
E) Global Reporting Initiative. 
A) Balanced Scorecard. 
B) OCEG Benchmarking Study. 
C) Triple bottom line. 
D) Six Sigma. 
E) Global Reporting Initiative. E

Question 3

A management system that focuses on all the elements that contribute to organizational performance and success, including financial, customer, market, and internal processes is defined as the

Accepted Answer

A) Global Reporting Initiative 
B) process controls 
C) ethics scoreboard 
D) Balanced Scorecard 
E) triple bottom line 
A) Global Reporting Initiative 
B) process controls 
C) ethics scoreboard 
D) Balanced Scorecard 
E) triple bottom line D

Question 4

Which of the following compares standards with actual behavior?​

Accepted Answer

A) ​Process controls 
B) ​Shared values 
C) ​Output controls 
D) ​Formal controls 
E) ​Ethics audits 
A) ​Process controls 
B) ​Shared values 
C) ​Output controls 
D) ​Formal controls 
E) ​Ethics audits

Question 5

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 6

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

Accepted Answer

The Global Reporting Initiative (GRI) ad

Question 7

At which stage of the ethics-auditing process would a hospital conduct focus groups with management, doctors, nurses, related health professionals, support staff, and patients?

Accepted Answer

A) Collect and analyze relevant information 
B) Review organizational mission, goals, values, and policies 
C) Identify stakeholders 
D) Report the results 
E) Verify the results 
A) Collect and analyze relevant information 
B) Review organizational mission, goals, values, and policies 
C) Identify stakeholders 
D) Report the results 
E) Verify the results

Question 8

Which of the following is not a step in the ethics auditing process?

Accepted Answer

A) Secure commitment of top executives and directors. 
B) Review organizational mission, goals, values and policies, and define ethical priorities. 
C) Report the results to the U.S. Sentencing Commission. 
D) Collect and analyze relevant information. 
E) Verify the results. 
A) Secure commitment of top executives and directors. 
B) Review organizational mission, goals, values and policies, and define ethical priorities. 
C) Report the results to the U.S. Sentencing Commission. 
D) Collect and analyze relevant information. 
E) Verify the results.

Question 9

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 10

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 11

During which of the following steps of the ethics auditing process does an organization identify the tools or methods for measuring progress in improving employees' ethical decisions and conduct?

Accepted Answer

A) Secure commitment of top managers and directors. 
B) Establish a committee to oversee the audit. 
C) Define the scope of the audit. 
D) Collect and analyze relevant information. 
E) Verify the results. 
A) Secure commitment of top managers and directors. 
B) Establish a committee to oversee the audit. 
C) Define the scope of the audit. 
D) Collect and analyze relevant information. 
E) Verify the results.

Question 12

An ethics audit is much broader than a social audit. ​

Accepted Answer

A) True 
 B)False

Question 13

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 14

During which step of the auditing process should a firm examine all documents that make explicit commitments to ethical, legal, or social responsibility?

Accepted Answer

A) Secure commitment of top managers and directors. 
B) Establish a committee to oversee the audit. 
C) Define the scope of the audit process. 
D) Review organizational mission, goals, values, and policies. 
E) Verify the results. 
A) Secure commitment of top managers and directors. 
B) Establish a committee to oversee the audit. 
C) Define the scope of the audit process. 
D) Review organizational mission, goals, values, and policies. 
E) Verify the results.

Question 15

Retaliation against employees that report misconduct is a problem in _____ cultures.

Accepted Answer

A) weak ethical 
B) strong ethical 
C) high power distance 
D) diverse 
E) international 
A) weak ethical 
B) strong ethical 
C) high power distance 
D) diverse 
E) international

Question 16

An ethics audit should be conducted regularly.

Accepted Answer

A) True 
 B)False

Question 17

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 18

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

Accepted Answer

A) True 
 B)False

Question 19

Which of the following is a possible unintended consequence of an organization focusing more on ethics planning than on implementation?

Accepted Answer

A) Employees may come to view unethical conduct as acceptable behavior. 
B) The government will implement its own audits. 
C) The ethics program will never be created. 
D) Employees will become dissatisfied with their jobs. 
E) The implementation process will incur large costs for the organization. 
A) Employees may come to view unethical conduct as acceptable behavior. 
B) The government will implement its own audits. 
C) The ethics program will never be created. 
D) Employees will become dissatisfied with their jobs. 
E) The implementation process will incur large costs for the organization.

Question 20

Which of the following is not a technique for collecting evidence during the ethics audit?

Accepted Answer

A) Ratio analysis 
B) Observing the data-collection process 
C) Publishing the results of the audit 
D) Examining internal and external documents 
E) Confirming information in the firm's accounting records 
A) Ratio analysis 
B) Observing the data-collection process 
C) Publishing the results of the audit 
D) Examining internal and external documents 
E) Confirming information in the firm's accounting records

Which of the following is a statement that attests that the financial statements made in an audit are fairly stated, without limitations?

The measurement system that has become a prominent framework that companies have adopted to report their social and sustainability progress is defined as the

A management system that focuses on all the elements that contribute to organizational performance and success, including financial, customer, market, and internal processes is defined as the

Which of the following compares standards with actual behavior?

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?

At which stage of the ethics-auditing process would a hospital conduct focus groups with management, doctors, nurses, related health professionals, support staff, and patients?

Which of the following is not a step in the ethics auditing process?

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

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

During which of the following steps of the ethics auditing process does an organization identify the tools or methods for measuring progress in improving employees' ethical decisions and conduct?

An ethics audit is much broader than a social audit.

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

During which step of the auditing process should a firm examine all documents that make explicit commitments to ethical, legal, or social responsibility?

Retaliation against employees that report misconduct is a problem in _____ cultures.

An ethics audit should be conducted regularly.

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

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

Which of the following is a possible unintended consequence of an organization focusing more on ethics planning than on implementation?

Which of the following is not a technique for collecting evidence during the ethics audit?

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

Which of the following is a statement that attests that the financial statements made in an audit are fairly stated, without limitations?

The measurement system that has become a prominent framework that companies have adopted to report their social and sustainability progress is defined as the

A management system that focuses on all the elements that contribute to organizational performance and success, including financial, customer, market, and internal processes is defined as the

Which of the following compares standards with actual behavior?​

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?

At which stage of the ethics-auditing process would a hospital conduct focus groups with management, doctors, nurses, related health professionals, support staff, and patients?

Which of the following is not a step in the ethics auditing process?

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

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

During which of the following steps of the ethics auditing process does an organization identify the tools or methods for measuring progress in improving employees' ethical decisions and conduct?

An ethics audit is much broader than a social audit. ​

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

During which step of the auditing process should a firm examine all documents that make explicit commitments to ethical, legal, or social responsibility?

Retaliation against employees that report misconduct is a problem in _____ cultures.

An ethics audit should be conducted regularly.

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

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

Which of the following is a possible unintended consequence of an organization focusing more on ethics planning than on implementation?

Which of the following is not a technique for collecting evidence during the ethics audit?

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

Which of the following compares standards with actual behavior?

An ethics audit is much broader than a social audit.

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

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