Organizations sometimes suffer financially or go out of business because of fraudulent financial statements and unethical and

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Organizations sometimes suffer financially or go out of business because of fraudulent financial statements and unethical and illegal behavior. Answer the following questions about such organizations.


REQUIRED

A. Some organizations may prioritize financial goals as part of their core values, and their corporate cultures may encourage managers to overlook unethical behavior in meeting these goals. Which lever of control is most likely to address this problem? List two specific types of control used in this system that would help reduce unethical behavior.

B. In some corporations, unethical behavior is viewed as a risk to be avoided. Describe the lever of control that addresses such risks and describe two specific types of control used in this system.


Financial Statements
Financial statements are the standardized formats to present the financial information related to a business or an organization for its users. Financial statements contain the historical information as well as current period’s financial...
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