During Which of the Following Steps of the Ethics Auditing

question 11

Multiple Choice

During which of the following steps of the ethics auditing process does an organization identify the tools or methods for measuring progress in improving employees' ethical decisions and conduct?

• A)Secure commitment of top managers and directors.
• B)Establish a committee to oversee the audit.
• C)Define the scope of the audit.
• D)Collect and analyze relevant information.
• E)Verify the results.

---

Definitions:

Adjusted Trial Balance

A list of all accounts and their balances after adjustments, used to verify the equality of debits and credits and prepare financial statements.

Closing Entries

Journal entries made at the end of an accounting period to transfer temporary account balances to permanent accounts, preparing the company's books for the next period.

Net Sales

The sum a company receives from its sales, after accounting for returns, compensations for damaged or missing items, and discount deductions.

Gross Profit

The difference between the revenue from sales and the cost of goods sold, before deducting overheads, interest, and taxes.