As a response to the Enron scandal,the federal government now requires social audits of all U.S.businesses.
A social audit is a response to an integrity-based approach to ethics,which goes beyond what is required by law.Firms voluntarily prepare a self-evaluation of the progress made in implementing socially responsible and responsive programs.

Question

Quizplus · Accepted Answer

The statement is false. While social audits have become more common in the wake of corporate scandals, they are not required by the federal government for all U.S. businesses. Additionally, social audits are not necessarily voluntary; some companies may be required to conduct them as part of their contracts with government agencies or other stakeholders.

As a Response to the Enron Scandal,the Federal Government Now