Question

How would you reword these two questions into statements?

4. Does the company have a published code of ethics/conduct (with provisions related to conflicts of interest, related-party trans-actions, illegal acts, and fraud) made available to all personnel and does management require employees to confirm that they accept and agree to follow it? Does the frequency of exceptions undermine the code's effectiveness? Does the code comply will all applicable rules and regulations?

5. Does the company have an ethics/whistleblower hotline with adequate procedures to handle anonymous complaints (received from inside and outside the company), and to accept confidential submission of concerns about questionable ac-counting, internal accounting control, or auditing matters? Are tips and whistleblower complaints investigated and resolved in a timely manner?

Answer 1

4. Does the company have a published code of ethics/conduct (with provisions related to conflicts of interest, related-party trans-actions, illegal acts, and fraud) made available to all personnel and does management require employees to confirm that they accept and agree to follow it? Does the frequency of exceptions undermine the code's effectiveness? Does the code comply will all applicable rules and regulations?

Solution:-

The company should have a published code of ethics/conduct(with provisions related to conflicts of interest, related-party trans-actions, illegal acts, and fraud) which shall be made available to all personnel and management shall require employees to confirm that they accept and agree to follow it. The frequency of exceptions undermine the code's effectiveness. The company should comply will all applicable rules and regulations

5. Does the company have an ethics/whistleblower hotline with adequate procedures to handle anonymous complaints (received from inside and outside the company), and to accept confidential submission of concerns about questionable ac-counting, internal accounting control, or auditing matters? Are tips and whistleblower complaints investigated and resolved in a timely manner?

Solution:-

The company should have an ethics/whistleblower hotline with adequate procedures to handle anonymous complaints (received from inside and outside the company), and to accept confidential submission of concerns about questionable ac-counting, internal accounting control, or auditing matters. The tips and whistleblower complaints should be investigated and resolved in a timely manner.