StudentShare
Contact Us
Sign In / Sign Up for FREE
Search
Go to advanced search...
Nobody downloaded yet

Definition and Requirements for Code of Ethics under SOX - Essay Example

Comments (0) Cite this document
Summary
The essay "Definition and Requirements for Code of Ethics under SOX" discusses how Sarbanes Oxley Act was enacted after the two biggest corporate scandals in the history of United States based on 3 major companies…
Download full paperFile format: .doc, available for editing
GRAB THE BEST PAPER93.7% of users find it useful
Definition and Requirements for Code of Ethics under SOX
Read TextPreview

Extract of sample "Definition and Requirements for Code of Ethics under SOX"

Download file to see previous pages The section outlines code of ethics as Standard that promote: (gsm, 2008)
Wal-Mart’s code of ethics includes their responsibilities towards shareholders including duties to shareholders, financial integrity, conflict of interest, policies on gifts and gratuities, trade secrets, insider dealings, Wal-Mart Assets as well as media statements. Further, the code of ethics includes responsibilities of Wal-Mart towards their fellow associates and finally their responsibilities towards their customers, suppliers, government, and communities.
I believe that code includes more or less all the requirements under the SOX since it is detailed in outlining the honest and ethical conduct of the Wal-Mart including its insider trading, its relationships with the associates, their responsibility towards the government in filing the various reports besides abiding the laws and finally the accountability policies.
I believe that if Wal-Mart needs to do business globally, it needs to incorporate the cultural challenges it will face regarding its association with its employees. What is missing in the code of conduct for Wal-Mart is the non-awareness of the various cultural aspects of doing business globally as it fails to clearly outline how the employees in an international business setting will be dealt with.
The code first outlines the various positions to which it applies and it includes the association of ethical responsibilities to the Chief Executive Officer, Chief Financial Officer, and other executives of the group. It binds that all of the people under the code of ethics to act in accordance with the highest standards of honesty, integrity, and fairness besides discussing the situations where the addressee must excuse himself or themself from falling into a situation that can create a conflict of interest. On the whole, the code includes almost all the requirements required under SOX to be adopted by the companies.
Though the code is a bit short however it is adequate according to the SOX requirements. ...Download file to see next pagesRead More
Cite this document
  • APA
  • MLA
  • CHICAGO
(Definition and Requirements for Code of Ethics under SOX Essay - 1, n.d.)
Definition and Requirements for Code of Ethics under SOX Essay - 1. https://studentshare.org/business/1713403-business-management
(Definition and Requirements for Code of Ethics under SOX Essay - 1)
Definition and Requirements for Code of Ethics under SOX Essay - 1. https://studentshare.org/business/1713403-business-management.
“Definition and Requirements for Code of Ethics under SOX Essay - 1”. https://studentshare.org/business/1713403-business-management.
  • Cited: 0 times
Comments (0)
Click to create a comment or rate a document

CHECK THESE SAMPLES OF Definition and Requirements for Code of Ethics under SOX

The Code of Ethics

...Definition and Requirements for Code of Ethics under SOX... Definition and Requirements for Code of Ethics under SOX... of Ethics prepared by the National Society of Professional Engineers serves as a guide for professionals. It acts like a manual for proper decorum to help decision makings on critical situations. The statements and advised course of action in the guidelines are very reasonable and seems to cover any possible situation. However, that is not true as illustrated in the video Incident at Morales. The video shows that most often than not, decision making in engineering are not as easy. Sometimes outside stresses like market, competition and time constraints can limit options and consequently keep a professional from following the...
4 Pages(1000 words)Essay

Business Code of Ethics

...Definition and Requirements for Code of Ethics under SOX... Definition and Requirements for Code of Ethics under SOX... Business of Ethics Business of Ethics Doing the right things is the encouraged actions and behaviors in the society. It deals with the motive behind the actions that dictate whether a person or a group of people want to bring a common good to everybody or just taking action for his own benefit. It is then linked to morality and ethics which both dictate the rightness or wrongness of conduct. There are distinguishing characteristics between morality and ethics. Morality has a broader scope than ethics and morality is more related to the personal character of the person as an individual. On the other hand, ethics is more social...
3 Pages(750 words)Research Paper

Code of Ethics

...Definition and Requirements for Code of Ethics under SOX... Definition and Requirements for Code of Ethics under SOX... background Interfresh Marketing Company is a regionally based firm that specializes in marketing and distributing organic fresh food such asvegetables and fruits to local retail supermarkets. The company was established after the realization that there is need to engage in safe and environmental friendly practices in the production of fresh food. The aim of the company is to promote good health among the people as well as protecting the environment given that the majority of people engaged in this field use pesticides in the production of fresh products and these are detrimental to the environment in the long run. As such, this...
6 Pages(1500 words)Assignment

Personal Code of Ethics

...Definition and Requirements for Code of Ethics under SOX... Definition and Requirements for Code of Ethics under SOX... Head Personal of Ethics Personal of Ethics Introduction The designation "professional" is highly desired in our society and has been for centuries. People will even take courses of action that seem on the surface to be against their economic interest because they want to protect the privilege of being known as professional. An example would be the refusal to seek higher wages by participating in collective bargaining efforts for the primary reason that such an activity might appear unprofessional. Professions rigidly guard entry. One who seeks admittance must demonstrate understanding of and acceptance of the profession's...
8 Pages(2000 words)Essay

Global code of ethics

...Definition and Requirements for Code of Ethics under SOX... Definition and Requirements for Code of Ethics under SOX... cultures and societies are committed to specific ethical values within which common areas of concern have been accepted. These values draw upon secular traditions and regulations which guide the interaction of individuals, communities and societies as well as to the different beliefs of the religions of the world. Representations of these ethics can be found, for example, in various UN conventions and declarations, e.g. the Universal Declaration of Human Rights adopted by the UN General Assembly, the International Convention on the Rights of the Child, the Rio Declaration on the Environment and Development and the...
2 Pages(500 words)Essay

Code of Ethics Paper

...Definition and Requirements for Code of Ethics under SOX... Definition and Requirements for Code of Ethics under SOX... CA provide for accountant client privilege? It is obvious that accountants (federally ized tax practitioners) will benefit from the recent enactment of the new accountant-client privilege rules. This is because they should now be a more attractive alternative for clients to consider engaging to address their tax consulting needs. California state law protects the attorneys confidential communications regardless of whether they contain, refer to or reveal the clients communications. (Donaldson, 2005) What is CA state’s position on accounting work product? California’s position on accounting work product requires confidentiality ...
4 Pages(1000 words)Essay

Personal Code of Ethics

...Definition and Requirements for Code of Ethics under SOX... Definition and Requirements for Code of Ethics under SOX... 14 September Personal of ethics: The personal of ethics should be developed while keeping experimental and consequence-based ethical frameworks in mind and seeking guidance from those frameworks for shaping the resulting behavior (Anil). Personal mission statement: “The reason for employing a personally developed code of ethics in my professional career is that in this way, the level of professional relevance, value, and significance shown by this code would be evaluated.” Code of ethics: The bedrock of my code of ethics is developed by elements like personal conduct, respect, just treatment, self-direction, consolidated commitm...
1 Pages(250 words)Essay

Code of Ethics

...Definition and Requirements for Code of Ethics under SOX... Definition and Requirements for Code of Ethics under SOX... of Ethics of Ethics Imagine that you are starting your own company. What will be the ethical of your company? If I were to start my own company, the ethical code that would govern its operations would be consistent with the moral, legal and ethical standards that are universally accepted and that concern the actions of various stakeholders in the company. From among the most relevant ethical codes include adherence to procedures and policies that respect human rights, protect the environment, consistent with legal laws and regulations, being socially responsible and respecting diversity in culture. List the rules and principles t...
1 Pages(250 words)Assignment

Personal code of ethics

...Definition and Requirements for Code of Ethics under SOX... Definition and Requirements for Code of Ethics under SOX... In the current era, and century a person can make a decision which can result to either a negative or positive impact to their employers, co-workers, family and his life. The life that an individual lives manages to reflect their personal characters and ethics. However, it is important to denote that the personal ethics and believes of an individual is different from one person to another (Espejo, 2010). In general, most people usually want to be recognized as either a good person, an individual who can be trusted. People are always concerned about their personal reputations and relationships. This paper will focus on answering...
2 Pages(500 words)Essay

Under the Code of Practice

...Definition and Requirements for Code of Ethics under SOX... Definition and Requirements for Code of Ethics under SOX... 2 Q2 What considerations would the police officer make in terms of the nature of the incident from the available information? A* Under the of Practice: Police Officers of Statutory Powers of Stop and Search Police Officers and Police Staff of Requirements to Record Public Encounters, the Police and Criminal Evidence Act 198, the police in the rank of a constable has the power to stop and search must be carried out with courtesy, consideration and respect for the person concerned. The officer must conduct the search to look for any material that the suspect might use to carry out the offence. B* Golden Hour principle which im...
3 Pages(750 words)Assignment
sponsored ads
We use cookies to create the best experience for you. Keep on browsing if you are OK with that, or find out how to manage cookies.

Let us find you another Essay on topic Definition and Requirements for Code of Ethics under SOX for FREE!

Contact Us