Homework Answers
Answer= the bank will not focus on specific areas within the business especially the sales department and accounting departments to tighten up policies and reporting methods
Reason- By having close supervision and strict adherence to the policies, the chances of fraud can be minimized.
Answer= Ethical behavior
Reason- In order to boost and promote the ethical behavior in the firm, it is important for the management to have greater accountability in the firm
Answer = Ethical issue
Reason- Ethical issues are related to deciding the right and wrong aspect of the action
Answer= Its corporate system has few feedback loops to identify and report ethical inconsistencies and problems
Reason Due to poor feedback system, the proper corporate governance system was not implemented well
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