Question 1

Ethics auditing is similar to ____ auditing in that it employs the same procedures and processes to create a system of integrity that includes objective reporting.

Accepted Answer

Ethics auditing is similar to financial auditing as both use systematic procedures and processes to ensure integrity and objective reporting.

Question 2

Which of the following statements about ethics audits is false?

Accepted Answer

Ethics audits and social audits are not the same; ethics audits focus on evaluating an organization's ethics program and performance, while social audits assess a company's social responsibility and impact.

Question 3

A ____ is the process of assessing and reporting a business' performance in fulfilling the economic, legal, and philanthropic responsibilities expected by its stakeholders.

Accepted Answer

A

Question 4

During which of the following steps of the ethics auditing process should stakeholders be defined and then interviewed, in order to integrate stakeholder feedback into the process?

Accepted Answer

Stakeholders should be defined and interviewed during the "Collect and analyze relevant information" step to ensure their feedback is integrated into the ethics auditing process.

Question 5

Which of the following is not an example of a problem that may arise from an ethics audit?

Accepted Answer

Ethics audits are designed to enhance ethical compliance, not reduce it. The other options are potential challenges associated with conducting ethics audits.

Question 6

Ideally, the ethics audit should be overseen by the

Accepted Answer

The board of directors' financial audit committee is responsible for overseeing the ethics audit because it is responsible for ensuring that the company's financial reporting is accurate and in accordance with applicable laws and regulations.

Question 7

The ethics audit can pinpoint areas where improving operating practices can improve both bottom-line profits and

Accepted Answer

The answer of The ethics audit can pinpoint areas where...

Question 8

When the Chris Hani Baragwanath Hospital in Johannesburg, South Africa, conducted focus groups with the hospital's management, doctors, nurses, related health professionals, support staff, and patients, it was in which of the following stages of the ethics auditing process?

Accepted Answer

The correct answer is A because the hospital is collecting information from stakeholders in order to understand their ethical concerns.

Question 9

To measure the effectiveness of its recently established ethics program, Spacely Sprockets, Inc., is conducting a systematic evaluation of its ethics program and performance. This is called a(n)

Accepted Answer

An ethics audit is a systematic evaluation of an organization's ethics program and performance to determine its effectiveness.

Question 10

Research suggests that publicity about unethical behavior can lower stock prices for at least ____ months.

Accepted Answer

Research indicates that publicity about unethical behavior can have a lasting negative impact on stock prices, often affecting them for at least six months.

Question 11

Describe some of the problems associated with conducting an ethics audit. Suggest some strategies for dealing with these issues.

Accepted Answer

The answer of Describe some of the problems associated with...

Quiz 9: Implementing and Auditing Ethics Programs