The Various Methods,rules,practices,and Other Procedures That Have Evolved Over Time

question 7

Short Answer

The various methods,rules,practices,and other procedures that have evolved over time in response to the need to regulate the preparation of financial statements are called __________________________________________________.

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Definitions:

Social Audits

Formal procedures that identify and evaluate all company activities that relate to social issues such as conservation, employment practices, environmental protection, and philanthropy.

Ethical Awareness Stage

A phase in ethical development where individuals recognize that a situation or decision has an ethical dimension.

Code of Conduct

A set of rules outlining the responsibilities of, or proper practices for, an individual or organization.

Ethical Questions

Queries or dilemmas that involve discerning the best course of action when faced with a situation involving moral principles.