Are a Primary Stakeholder Group and Should Be Included in the Ethics

question 28

Multiple Choice

are a primary stakeholder group and should be included in the ethics auditing process because their loyalty determines an organization's success.

• A)Customers
• B)Employees
• C)Special interest groups
• D)Competitors
• E)Legislators

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Definitions:

IFRS

International Financial Reporting Standards, a set of global accounting standards for preparing financial statements.

Financial Statements

Reports that summarize the financial performance, position, and cash flows of a company over a specific period, including the income statement, balance sheet, and statement of cash flows.

Audit Vulnerabilities

Areas within an organization's financial or operational processes that are most susceptible to misstatement, error, or fraud, potentially affecting the accuracy of financial statements.

Debt Repayment

The process of paying back borrowed money to lenders, either in periodic installments or a lump sum.