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| Topic: |
Business
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| Number of pages / Number of words: |
3 / 673 |
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Those funds come from many sources and affect many different people. Ethical standards are not laws per say, but rather rules made by the company that are designed to prevent the company from wrongdoing. Some examples of these rules are proper disclosures of properties and assets, compliance with laws, proper and timely filings and public communications of company statements...
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Companies have been forced to focus more on their ethical practices with regards to their internal financial controls. The Sarbanes-Oxley Act has been instrumental in re-focusing companies on ethics.
Corporate stakeholders wanted a more transparent financial reporting system and more accountability for ethics violations...
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