"Ethics" and an "Ethics Policy Statement" Drawn Up by the Company

question 6

Multiple Choice

"Ethics" and an "Ethics Policy Statement" drawn up by the company must follow which rules in the UK?

• A) There are no RULES, merely guidelines set out in the Corporate Social Responsibility Code
• B) There are strict rules and legislation laid out in the Corporate Social Responsibility Code
• C) There are legal requirements laid out in the Sarbanes-Oxely Act
• D) There are no RULES, but there are guidelines set out in the Sarbanes-Oxely Act

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Definitions:

Journal Entry

A record in the accounting ledger that notes every financial transaction of a business, including the accounts affected and the date of the transaction.

Petty Cash Fund

A small amount of cash on hand used for covering minor expenses, typically managed by a designated petty cash custodian.

Office Supplies

Consumable items and minor equipment used in an office setting, such as paper, pens, and staplers.

Petty Cash

Petty cash is a small amount of cash on hand used for covering minor, incidental expenses within a business.