1.06

From Corrective Action Plan AZ

Control Environment

Principle 1: Demonstrate Commitment to Integrity and Ethical Values

Attribute 1.06: Management establishes standards of conduct to communicate expectations concerning integrity and ethical values. The entity uses ethical values to balance the needs and concerns of different stakeholders, such as regulators, service organizations, employees, and the public. The standards of conduct guide the directives, attitudes, and behaviors of the organization in achieving its objectives.

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