Ethics Program Review Audit Work Program

An organization’s ethics program is increasingly important in the current regulatory environment and critical to minimizing reputation risk. Internal audit is responsible for evaluating the effectiveness of ethics programs that can significantly reduce reputation risk exposure; however, evaluating ethical behavior can be challenging. This work program can assist with developing a comprehensive review.

Objectives include: determining if the ethics program is in compliance with laws and regulations, determining if the design is consistent with elements of effective compliance programs as outlined in Federal Sentencing Guidelines, and assessing if the compliance program is administered properly and considered reasonably effective.