1. Business Ethics Ethical Decision Making and Cases, Seventh Edition
O.C. Ferrell
University of New Mexico
John Fraedrich
University of Wyoming
Linda Ferrell
For in-class note taking, choose Handouts or Notes Pages from the print options, with three slides per page.
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2. Implementing and Auditing Ethics Programs
Chapter 9
Implementing and Auditing Ethics Programs
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The Ethics Audit
An ethics audit is a systematic evaluation of an organization’s ethics program and performance to determine whether it is effective.
Social auditing is the process of assessing and reporting a business’s performance in fulfilling the economic, legal, ethical, and philanthropic responsibilities expected of it by its stakeholders.
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4. Requirements of the Ethics Audit
Secure top management commitment
A committee to oversee the audit
Define the scope, process, and subject matter of the audit
Review the firm’s mission, policies, goals, and objectives and define its ethical priorities
Collect and analyze relevant information
Verify the results
Report the findings
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5. Benefits of Ethics Auditing
Ethical crisis management and recovery
Challenges of measuring non-financial performance
Risks and requirements in ethics auditing
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6. The Strategic Importance of Ethics Auditing
The ethics audit, like the financial audit, should be conducted regularly rather than in response to problems involving or questions about a firm’s priorities and conduct.
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