Ethics Audit model To provide transparency in the company and to reduce ethical

Ethics audit model to provide transparency in the

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Ethics Audit model: To provide transparency in the company and to reduce ethical risk and hypocrisy in the interest of stakeholders a new model of ethics audit is developed in CSR report. Data is collected from four main sources, observing documents, questionnaire with stakeholders, interview with stakeholders and company walking tour. After analysis, a risk map is completed which is divided into four quadrants according to the significance of occurrence. First quadrant is occupied by prevent at source risk, second consist of detect and monitor risk then monitor risk and finally low control risk is categorized. This kind of risk assessment with modified ethic audit has below benefits 1. Along with ethical, CSR risk assessment is also performed 2. Contradiction between code of ethics, value of organization and CSR reports are prevented 3. CSR is planned strategically 4. High priority for transparency is maintained 5. Improved PR Finally, support of stakeholder is achieved by transparency and zero hypocrisy behavior, this is solved with the help of new ethics audit. References: Fortney, S. S. (2015). Preventing Legal Malpractice and Disciplinary Complaints: Ethics Audits as a Risk- Management Tool. Business Law Today , 2015 (3), 1–2. Ojasoo, M. (2016). CSR reporting, stakeholder engagement and preventing hypocrisy through ethics audit. Journal of Global Entrepreneurship Research , 6 (1), 1–14.
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