Assignment 1: Discussion—Compliance and Ethics in Risk Management
During the past couple of decades there have been high profile cases of corporate scandals resulting in not only criminal prosecutions of senior executives within the guilty firm, but severe financial loss or even dissolution of the corporation. Most of the ethical lapses within the corporations involved various accounting misrepresentations to cover fraudulent activities. The inherent risks in managing activities in multiple countries with different political systems and cultures pose other ethical challenges.
As part of his governance and control responsibilities, the CFO of GBATT has asked you to provide a brief overview of the ethical pitfalls to be avoided when managing risks in different countries with different political systems and cultures.
To complete the overview, do the following:
Write your initial response in 300–500 words. Your response should be thorough and address all components of the discussion question in detail, include citations of all sources, where needed, according to the APA Style, and demonstrate accurate spelling, grammar, and punctuation