. . . . . . . Secure the commitment of top managers and board of directors Establish a committee to oversee the ethics audit Define the scope of the audit process, including subject matter areas important to the ethics audit Review the organization's mission, policies, goals, and objectives and define its ethical priorities Collect and analyze relevant information in each designated subject matter area Have the results verified by an independent agent Report the findings to the audit committee and, if approved, to managers and stakeholders Sources: These steps are compatible with the social auditing methods prescribed by Warren Dow and Roy Crowe in What Social Auditing Do for Voluntary Organizations (Vancouver, WA: Volunteer Vancouver, July 1999), and Sandra Waddock and Neil Smith in "Corporate Responsibility Audits Doing Well by Doing Good," Sloan Management Review 41 (2000): 79.
. . . . . . . Secure the commitment of top managers and board of directors Establish a committee to oversee the ethics audit Define the scope of the audit process, including subject matter areas important to the ethics audit Review the organization's mission, policies, goals, and objectives and define its ethical priorities Collect and analyze relevant information in each designated subject matter area Have the results verified by an independent agent Report the findings to the audit committee and, if approved, to managers and stakeholders Sources: These steps are compatible with the social auditing methods prescribed by Warren Dow and Roy Crowe in What Social Auditing Do for Voluntary Organizations (Vancouver, WA: Volunteer Vancouver, July 1999), and Sandra Waddock and Neil Smith in "Corporate Responsibility Audits Doing Well by Doing Good," Sloan Management Review 41 (2000): 79.
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Are there key areas that seem to be missing from any current
Transcribed Image Text:TABLE 9-4 Framework for an Ethics Audit
Secure the commitment of top managers and board of directors
Establish a committee to oversee the ethics audit
Define the scope of the audit process, including subject matter areas important to the ethics audit
Review the organization's mission, policies, goals, and objectives and define its ethical priorities
Collect and analyze relevant information in each designated subject matter area
Have the results verified by an independent agent
Report the findings to the audit committee and, if approved, to managers and stakeholders
Sources: These steps are compatible with the social auditing methods prescribed by Warren Dow and Roy Crowe in What Social Auditing Can
Do for Voluntary Organizations (Vancouver, WA: Volunteer Vancouver, July 1999), and Sandra Waddock and Neil Smith in "Corporate
Responsibility Audits Doing Well by Doing Good," Sloan Management Review 41 (2000): 79.
254
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