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How useful is the code of professional conduct in the deterrence and prevention of fraudulent practices? Explain

  • Give 3 examples of fraudulent business practices, and suggest ways to prevent unethical behaviors and activities.
  • How useful is the code of professional conduct in the deterrence and prevention of fraudulent practices? Explain your response, and provide 2 examples to illustrate your point.
  • The Sarbanes-Oxley (SOX) Act of 2002 was enacted to improve corporate governance and accountability within the financial and information technology (IT) sections in publicly traded companies.
    • What are the advantages and disadvantages in the implementation of SOX by private firms?
    • Describe the following with good business practices:
      • Corporate governance
      • Accountability
      • Oversight
      • Audit committee independence

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