Ethics is defined as principles of right and wrong. A code of behavior defines the standards of behavior that all members of an organization are expected to follow Whistleblowers must be allowed to report ethics violations anonymously, without fear of punishment or retaliation. A code of ethics should be written, communicated, and enforced. In a broad sense, fraud is the use of deception or trickery for personal gain. One objective of an internal control system is to safeguard the assets of a company. Safeguarding assets and ensuring proper reporting of financial information are two of the objectives of having an internal control system. Just like anything in accounting, internal control systems are not perfect, although they do reduce the risk of undetected errors and irregularities. The ongoing process that identifies and analyzes potential problems in an organization and takes steps to reduce it is risk assessment. Certified Public Accountants perform external audits of a company to confirm that the financial statements are fairly presented according to GAAP