In order for a code of ethics to reduce opportunities for managers and employees to commit fraud, it is necessary that management emphasizes this code.Punishment related to violations of the code are not necessary.

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Emphasizing a code of ethics is important, but punishment for violating the code provides a deterrent to committing fraudulent acts. Without consequences for unethical behavior, some individuals may still choose to engage in fraudulent actions despite the existence of a code of ethics.

In Order for a Code of Ethics to Reduce Opportunities