22923 NPD - 2622848 AFZCA - 26 8 + 07 50 V Business Ethics Module 3 - Financial Disclosure and Transparency - Saved to this PC LO Penrod, Gloria (G.) PG Draw Design Layout References Mailings Review View Add-ins Help 1 4 1 1 5 website Respond to the following questions: 1. Describe the role of the Securities Exchange Commission in promoting ethical behavior at Ford. Include an explanation of the purpose of Form 10-K and how the information that the company is required to disclose promotes transparency for the benefit of its stakeholders. 2. Using Form 10-K, locate the "Ford Motor Company and Subsidiaries Financial Statements" section, review the Consolidated Balance Sheet, Consolidated Income Statement, and Consolidated Statement of Cash Flows, and summarize the purpose of each report. Next, describe the connection between Ford providing this information to its stakeholders and how this facilitates ethical behavior. Discuss the purpose of the audit conducted by Ford's CPA firm and its role in supporting transparency and disclosure. Next, locate the auditor's conclusion in the "Report of Independent Registered Public Accounting Firm" in the "Ford Motor Company and Subsidiaries Financial Statements" section. Explain the purpose of this report, including how it facilitates ethical behavior, and indicate the auditor's conclusion expressed in the report. Do you believe that the opinions provided are comprehensive enough to give confidence to Ford's stakeholders? Why or why not? 4. Examine how the Sarbanes-Oxley Act ("SOX") facilitates financial transparency at Ford by addressing the following: a. Describe the overall purpose of SOX, including why it was created and how Ford's compliance will promote financial transparency- b. Locate the Form 10-K "3. Exhibits" section which is part of "ITEM 15, Exhibits and Financial Statement Schedules" under Part IV. Locate the Certifications of CEO and CFO under this section (labeled as "Rule 15d-14(a)" and "Section 1350"), describe the contents of each document, and indicate how they facilitate financial transparency. C. Locate the "Code of Ethics for Senior Financial Personnel" using the *Governance Policies" tab in the Ford Corporate Governance section of their website, describe the contents of the code, and indicate how it facilitates financial transparency. d. Locate the "Charter of the Audit Committee of the Board of Directors" using the "Governance Policies" tab in the Ford Corporate Governance section of their website, describe the contents of the charter, and indicate how it facilitates financial transparency. . Focus