Explain Standards and procedures, such as codes of ethics, that are reasonably capable of detecting and preventing misconduct.

Essay
1. Standards and procedures, such as codes of ethics, that are reasonably capable of detecting and preventing misconduct

2. High-level personnel who are responsible for an ethics and compliance program

3. No substantial discretionary authority given to individuals with a propensity for misconduct

4. Standards and procedures communicated effectively via ethics-training programs

5. Establishment of systems to monitor, audit, and report misconduct

6. Consistent enforcement of standards, codes, and punishment

■ 7. Continuous improvement of the ethics and compliance program

Source Adapted from U.S, Sentencing Commission, Federal Sentencing Guidelies Manual, effective November 1, 2004 (St. Paul: West, 2008).