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JP Morgan's Code Of Conduct

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JP Morgan's Code Of Conduct
The auditors should have raised concerns over several fraud risk factors that were present. There was a perceived ethical disconnect between JP Morgan’s Code of Conduct and the “tone at the top” that upper management created. Jamie Dimon built an environment that allowed employees to do practically anything to achieve more impressive earnings. A special group was permitted to function outside the established business standards. According to Spoehr (2012), this group included individuals with strong personalities and significant clout, and these employees were excluded from ordinary review, oversight, and approval practices in place.
Red Flag #5: Poor Corporate Governance Several weaknesses exist in JP Morgan’s corporate governance structure.
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