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Discuss the positive and negative impacts of mandated codes of conduct (i.e. The Sarbanes-Oxley Act, HIPAA, the Hippocratic Oath, etc.) on a business's risk management process. Are mandated codes of conduct a necessity? Why or why not?

Discuss the positive and negative impacts of mandated codes of conduct (i.e. The Sarbanes-Oxley Act, HIPAA, the Hippocratic Oath, etc.) on a business’s risk management process. Are mandated codes of conduct a necessity? Why or why not?