Which of the following groups has an ethical obligation to establish the proper tone at the top, strong internal controls, and high ethical standards?
A)Stockholders
B)Board of Directors and Management
C)Employees
D)Audit Committee

Question

Quizplus · Accepted Answer

The Board of Directors and Management have the primary responsibility to establish the proper tone at the top, strong internal controls, and high ethical standards. They are entrusted with the governance and management of the organization and are accountable for the ethical conduct of the organization. Stockholders, employees, and audit committees also have important roles in promoting ethical behavior, but they do not have the same level of responsibility as the Board of Directors and Management.

Which of the Following Groups Has an Ethical Obligation to Establish