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What is Ethical vs. Legal Issues in Business about?
An ethical issue involves choosing between right and wrong alternatives based on morals and virtue, while affecting society or individuals. A legal issue involves noncompliance with principles of law that are punishable. A strong internal control structure provides good fraud protection but is not bulletproof, especially with employee collusion or management involvement. Good employee ethics coupled with strong controls provides the best fraud deterrence. Management fraud differs from employee fraud in
- Author
- Sharmaine manoban
- Language
- EN