Governance/Business Ethics Chapter A,B,C Flashcards
When trying to understand how well employees understand organizational values and how well they uphold these values under daily work pressures, what would be the most appropriate way?
Self-assessment methods and appropriate audit programs are generally used to measure the comprehension and preservation of corporate values.
A board’s role in organizational governance is best described as
serve as the focal point. The board is the focal point for all governance activities and establishes the “tone at the top.” The board is also responsible for implementing best governance practices and providing oversight of organizational activities.
Who is responsible for establishing and maintaining an organization’s governance processes?
Board of directors. The board of directors is responsible for establishing and maintaining the organization’s governance processes and obtaining assurances concerning the effectiveness of the risk management and control processes.
This is not a role of the internal audit activity in best practice governance activities.
The internal audit activity is responsible for assessing and making recommendations for improving governance processes in the accomplishment of various organizational objectives. However, it is the role of management to ensure the timely implementation of the audit recommendations. The internal audit activity is responsible for the development of a timely procedure to monitor the disposition of the audit recommendations. The internal audit activity works with senior management and the audit committee to ensure that audit recommendations receive appropriate attention.
A realistic outcome of a privacy framework evaluation is?
Assurance of compliance with specific laws and/or standards.
