Memo

To: Freddie Mac Chief Officers

This memo is to describe the challenges facing the company following the previous accounting firm’s misconduct, along with a detailed process into recovering from this scandal. We will begin moving forward into rolling out an accounting department ethics program. The program will include a detailed Code of Ethics, an Ethics Training class for all employees, an Ethics Help-Line where employees can anonymously report any violations of the Code of Ethics, periodic evaluations, and a method of monitoring and tracking systems.

The business benefit of these programs will help manage values and help maintain moral course in rustled times. This program cultivates strong teamwork and productivity along with helping …show more content…
An associate of Freddie Mac should not elude to the strict standards than those stated in this Code.

The purpose of Freddie Mac’s Code of Ethics for Accountants is to promote ethical conduct, as well as ensuring fair, timely, understandable, and accurate reporting to Freddie Mac’s earnings and financial records. The Code of Ethics for Accountants sets forth principles that all executive officers, employees are expected to follow.

The Code of Ethics for Accountants has been chosen to comply with Section 406 of the Sarbanes-Oxley Act Of 2002. By definition, the term “code of ethics” means such standards are reasonably necessary to promote honest and ethical conduct, fair and accurate disclosure in the periodic reports required to be filled by the issuer, and compliance with applicable government rules and regulations.

Some jurisdictions may have different requirements from this Code. Accountants should acknowledge those differences and comply with the more strict standards and requirements unless prohibited by law or …show more content…
A: Ethical values are increasingly important in the business world we live in today. Numerous scandals have been uncovered in the past helping give birth to a global recession and the Occupy Wall Street movement. Freddie Mac has a standard for ethics which is included in our Code of Ethics for Accountants that demonstrates our core values.

Q: What are the core values?

A: The core values are the fundamental principles of our Code of Ethics for Accountants. These core values are Integrity, Objectivity, Professional Competence and Due Care, Confidentiality, and Professional Behavior. These core values set forth the way our relationships with employees/employers, clients, or non-clients are handled.

Q:What is unprofessional conduct?

A: Unprofessional conduct is failure to meet the standards of our core values. It also includes, but isn’t limited to, harassment, uncooperative behavior, excessive criticism, lateness or absences in attending work responsibilities without valid excuse, and rude, abusive, and offensive comments/remarks.

Q: How do I report unprofessional or unethical