Read the debate issue on page 262 and take a stand and justify your answer. What
ID: 361560 • Letter: R
Question
Read the debate issue on page 262 and take a stand and justify your answer. What is the best way to conduct a formal ethics audit in a smaller company?
The first discussion post should be at least 250 words
Which Ethics Audit Process Works Better for Smaller Companies?
ABC Specialty Marketing, Inc. is considering a formal ethics audit. The company has 200 employees, including 50 salespeople that sell promotional printing products. Recent ethical issues have raised concerns within the company, causing the board of directors to think about implementing an audit. During the meeting, one of the board members who examined the auditing process represented in Table 9–5 indicated that for a small company, this approach looked too formal. He felt the Better Business Bureau Torch Award Criteria for ethical companies was a more practical approach to auditing ethical risks and conduct. Another member pointed out that the BBB criteria were more for judging than for understanding the risk areas and ethics program implementation concerns. This led to a discussion about how to implement an ethics audit in a small company with a fairly limited ethics program. The meeting ended without a clear decision on which approach to use.
1. The Better Business Bureau Torch Award Criteria is the best method for conducting a formal ethics audit in a smaller company.
2. The auditing process represented in Table 9–5 offers a better way to understand a small company’s ethical risks and conduct.
Explanation / Answer
2.
The better way to construct an ethical environment and to sort out the critical issues, the auditing is the best way to find out the weaker areas and to solve the issues within the preferred time. It will help to mitigate the threats that may come in the path of conducting the business. Internal auditing is always as necessary and an important part of a company. The company may be a startup or big company, the auditing respective to all the areas are required to be done to proctored the workflow of the company. It is the process which will give the idea to the managers or higher officials about the working process. Likewise, a company consists of different departments and all the departments are performing a task which either fulfills or keeps pending. The company should keep a close eye on the working process in all the departments which can be captured through auditing process by considering all the factors like supply chain, operations, and workforce in the organization.
The outcome from auditing will allow the company to make certain new implementations which are quite important for the authority to furnish the changes before it causes or bring any threats to the organization. The ethical practice which needs a sharp improvement will be highlighted in the auditing. The employee’s benefits structure, proper workforce, and orientations are necessary to be observed properly by the directors or managers of the organization. The organization changes are highly essential and desirable for improving their internal structures and ethical environment. Sometimes it has seen that for not having a good ethical practice in the office environment the productivity rates decline very often, through auditing report from HR managers it should be handled with proper measures for maintaining a better organization.
So auditing process in each and every department is absolutely important than any other methods of taking awards for the organization purpose. To maintain the process happening in the organization auditing is the best choice to focus more on company production, growth in manufacturing, good employee interactions and the important aspects of the ethical standard are highly necessary to be improved by auditing.
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