Question

While ideally the board of directors financial audit committee conducts ethics audits, in most firms they are conducted by A. managers or ethics officers. B. top executives or directors. C. the chief executive officer. D. an outside consultant. E. stakeholders.

Answer 1

In most firms, ethics audits are conducted by A. managers or ethics officers, although outside consultants may also be involved.

Step-by-step explanation:

While the board of directors' financial audit committee ideally conducts ethics audits, in most firms they are conducted by managers or ethics officers. These individuals have the responsibility of ensuring that the company's operations align with ethical standards and policies. It is also common for firms to hire outside consultants to conduct ethics audits as an additional measure of objectivity and expertise.

Because they frequently have a firsthand grasp of the daily operations and corporate culture, managers and ethics officers are well-suited to evaluate matters pertaining to ethics. In order to guarantee adherence to legal requirements and encourage moral behaviour, they can also put policies and procedures into place.