The Carlton Corporation publishes an Employee Handbook that contains employee responsibilities for moral behavior including a code of conduct. Each year, employees must acknowledge their receipt of the handbook, their understanding of the code, and if they have any awareness of non-compliance within the company. The policies would indicate:
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a. | Human resources practices are designed and implemented to facilitate effective internal control over financial reporting. | |
b. | Management and employees are assigned appropriate levels of authority and responsibility to facilitate effective internal control over financial reporting. | |
c. | Sound integrity and ethical values are developed and understood and set the standard of conduct for financial reporting. | |
d. | Management's philosophy and operating style support achieving effective internal control over financial reporting. |
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