Question: In what ways does ethics risk and opportunity management go beyond the scope of traditional risk management? If a corporation's governance process does not involve ethics risk management, what unfortunate consequences might befall a corporation?

Auditing: A Risk Based-Approach (MindTap Course List)
11th Edition
ISBN:9781337619455
Author:Karla M Johnstone, Audrey A. Gramling, Larry E. Rittenberg
Publisher:Karla M Johnstone, Audrey A. Gramling, Larry E. Rittenberg
Chapter3: Internal Control Over Financial Reporting: Responsibilities Of Management And The External Auditor
Section: Chapter Questions
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Question:
In what ways does ethics risk and opportunity
management go beyond the scope of traditional
risk management? If a corporation's governance
process does not involve ethics risk
management, what unfortunate consequences
might befall a corporation?
Transcribed Image Text:Question: In what ways does ethics risk and opportunity management go beyond the scope of traditional risk management? If a corporation's governance process does not involve ethics risk management, what unfortunate consequences might befall a corporation?
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