a$.$ Identify a key component essential for a successful auditing process that is missing from the scenario involving Charles and Butterfly Corporation. Explain why this component is crucial for ensuring the effectiveness and integrity of the audit process. Provide recommendations on how Charles could integrate this component into his approach to meet the company's needs while addressing ethical concerns.

b$.$ Outline the steps Charles should take to address the ethical challenges and concerns within Butterfly Corporation effectively. Provide a comprehensive plan detailing how Charles can modify his audit approach to align with the company's priorities while ensuring thorough examination of ethical issues.

Question $2$

a$.$ Discuss how corporate governance mechanisms can be utilized to ensure ethics and social responsibility within a business organization. Provide examples of specific governance practices that can effectively structure ethical conduct and social responsibility initiatives.

b$.$ Describe a step$-$by$-$step approach for implementing a stakeholder perspective in social responsibility and business ethics within a company. Provide practical examples of each step to illustrate how organizations can effectively engage with their stakeholders to integrate ethical considerations into their business practices.

Question $3$

a$.$ Identify and analyze the external and internal factors that may compel an organization to engage in unethical practices. Provide real$-$world examples to illustrate how these factors can influence decision$-$making within companies, and discuss potential consequences of succumbing to such pressures.

b$.$ Examine the fundamental values and principles that underpin business ethics. Illustrate how these values and principles guide ethical decision$-$making within organizations.