I NEED INSTRUCTIONS TO BE READ THROUGHLY AND FOLLOWED, PLEASE!!! THIS IS DOCTORAL WORK. Turnitin and Waypoint are being used to check for plagiarism, and please use APA format. Please pay close...

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Answer To: I NEED INSTRUCTIONS TO BE READ THROUGHLY AND FOLLOWED, PLEASE!!! THIS IS DOCTORAL WORK. Turnitin and...

Bidusha answered on Jun 13 2023
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REGULATORY MEASURES
REGULATORY MEASURES
OMM 640 Business Ethics and Social Responsibility
Student’s name:
The University of Arizona Global Campus:
Course name and number:
Instructor Name:
Due date:
Compliance Guidelines
Federal Sentencing Guidelines for Organi
zations (FSGO)
Sarbanes – Oxley Act (SOX)
The Consumer Financial Protection Bureau (CFPB)
The Foreign Corruptions Practices Act (FCPA)
Federal Sentencing Guidelines for Organizations (FSGO)
The Federal Sentencing Guidelines for Organisations were enacted by Congress in 1991.
Even if a person acts directly against organisational policy and instruction, the FSGO has the power to hold an organisation legally accountable for the actions of its workers (Read, 2018).
By establishing ethical practises within an organisation, this enables businesses to limit wrongdoing.
FSGO
What lead to this measure?
In order to prevent ethical and legal problems, guidelines were developed to help businesses comply with business laws and regulations.
Identify situations when a fine or jail sentence should be issued and provide suggestions in those cases.
Stop unethical behaviour such as the unauthorized use of business cash, mortgage fraud, and falsifying financial records.
FSGO
Impacts laws have had on business ethics
encourages corporate social responsibility. Integrity and sincerity
Corporate responsibility is understood
Organizations today regularly analyze risk, report to the board of directors, and evaluate employees on their ethical behaviour (Gonzalez-Padron, 2015 Sect 1.2).
FSGO
Example:
In a scheme to cheat on college admissions, 50 persons were accused. To increase their child's SAT score, parents either hired someone else to take the exam for them, or they offered school authorities bribes in exchange for admittance. The FSGO prohibits accepting, soliciting, offering, and receiving bribes.
https://www.youtube.com/watch?v=YT9GDZL6niQ
Sarbanes – Oxley Act (SOX)
In order to safeguard investors against an organization's accounting practises that are misleading, the Sarbanes-Oxley Act was established by the federal government in 2002.
Increasing understanding of business finances.
Sarbanes – Oxley Act (SOX)
What lead to this measure?
Stockholders have lost money as a result of several accounting frauds (Enron Scandal).
Stopping unlawful insider trading and promoting reporting of wrongdoing
created to uphold laws, uphold moral standards, and defend consumer rights
Sarbanes – Oxley Act (SOX)
Impacts laws have had on business ethics
New reporting standards, audits, transparency and ethical obligations, and internal reporting and whistleblower systems are...
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