...Ethics and Compliance Paper FIN/370 Ethics and Compliance Corporations whether large-scaled or small-scaled can deteriorate if their businesses’ chooses non-ethical actions. Clients can refuse to go to a store if they observed the corporation manages its personnel without fairness of if they observed that the corporation buys goods from a vendor with immoral methods. Wal-Mart controls their personnel to a code of ethics. The ethics code is a declaration announcing that to every employee the viewpoints of the corporation. The yearly records and SEC finding for 2010 and 2011 will be analyzed in the next statements to get comprehension of Wal-Mart as a corporation and its operations in the time course. Role of Ethics and Compliance The finance and accounting industries must involve ethics as a framework on that every movement is performed. “Every movement that contradicts with the ethical contexts can result to a loss of assurance which have a bad and continual influence on this corporation” (Titman, Keown, & Martin, 2011, p. 312). A portion of this equation involves the essence of the corporation in which relies to the morality bestowed to protect viability of clients, adversaries, personnel and suppliers. The mentioned assertion does not contradict the truth that financial records of any corporation must signify a precise and factual view of the corporation’s financial status. Stockholders require this assurance...
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...Learning Team Reflection Andre Parker, Kellie Baker, Michael Wheeler and Jeffery Stewart LAW/531 June 16, 2013 Erikka Hise The Foreign Corrupt Practices Act This assignment instructed us to read four articles concerning Legal Issues in International and Domestic Business Foreign Corrupt Practices Act. Within this assignment it discussed the crisis in corporation’s unethical practices. The Foreign Corrupt Practices Act of 1977 sparked the argument that United States companies are disadvantaged in international markets. The act has been controversial since its enactment, with some critics attacking it as ineffective and the American business community complaining that it places U.S. enterprises at a competitive disadvantage abroad. Since the late 1990s, however, it has become a model for international efforts to stamp out corruption and improve the business climate in the developing world. Civil lawsuits are another risk from poor FCPA compliance. Typically those claims are securities class-action lawsuits or shareholder derivative lawsuits, where plaintiffs argue that the FCPA problem (Klein & Aguilar, 2010). Nevertheless, in recent years FPCP had serious fraud litigations because some companies in other countries do not go by the FPCP. The Foreign Corrupt Practices Act Program Compliance professionals should conduct a regular internal control check on his or her Foreign Corrupt Practices Act program. The current program in place...
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...Abstract Advanced Audit & Assurance often creates the question on practice of ethics in professional activities. The purpose of this report is to review Threats to Compliance with the Code of Conduct by Professional Accountants. With the expanding business in the modern world, issues arise on professionalism of Independent and Internal Auditors. Is it whether the Professional Accountants follows the ethical code provided by the International Ethics Standards Board for Accountants in order to provide true and effective financial reports to the internal and external users? Professionals are expected to conduct themselves at a higher level than most others members in the organization. The International Accounting Bodies has emphasized the conceptual...
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...Job Analysis. Job Specification. Job Description. Human Resource Planning and Recruiting. Planning and Forecasting. Recruiting a more Diverse Workforce. 6. Employee Testing and Selection: Interviewing Candidates. Designing and conducting an effective interview. Structured and Unstructured Interviews. 7. Training and Development: Training and Developing Employees. Management Development systems and programs. 8. Performance Management and Appraisal: Appraising Performance; Problems and Solutions. Managing Careers. Employee Commitment. 9. Compensation: Establishing Strategic Pay Plans. Compensation Trends. Pay for Performance and Financial Incentives. Recognition Programs. Benefits and Services. 10. Employee Relations: Ethics, Justice, and Fair Treatment in HR Management. Privacy Issues. Labor Relations and Collective Bargaining. Union Movement Today and Tomorrow. 11. Employee...
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...Global Business Cultural Analysis: United Arab Emirates Busi 604 International Business December 13, 2013 Abstract Over the past forty years, the United Arab Emirates has been developing their then newly formed country. They have taken advantage of the wealth that was created originally from their supply of oil and gas and have transformed themselves into a modernized society that has diversified their assets into various business ventures. The explosive growth of this organization has attracted people from all over the world and expatriates now make up ninety percent of the overall population. While there have been many companies that found themselves to be attracted to the business opportunities there, there are several questions that need to be answered to understand their culture and to ultimately determine the attractiveness of doing business in the United Arab Emirates: 1. What are the major elements and dimensions of culture in the United Arab Emirates? 2. How are these elements and dimensions integrated by locals conducting business in the United Arab Emirates? 3. How do both of the above items compare with US culture and business? 4. What are the implications for US businesses that wish to conduct business in the United Arab Emirates? This global business cultural analysis on the United Arab Emirates will focus on these four questions and we will take an in depth look...
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...Title of the Report: Zara Case Study Report Name: SeJun Lee Executive Summary Zara is one of the largest international fashion companies in the world, and it belongs to Inditex, one of the world‟s largest distribution groups. This study reviews Zara`s external environment and analyses its internal organisation to make recommendations for improving its core competencies against competitors such as H&M and GAP. This study first reviews the Zara enterprise in terms of PEEST environmental factors, Porter‟s Five Forces and the fast fashion industry life cycle (ILC). The liberalisation of European Union import quotas has had a positive political impact on the fast fashion retail industry. However, rapid style changes generate waste. In addition, recent financial crises have made customers more sensitive to price and tending to buy lower priced goods. However, young people and new Asian customers are more attracted to fashionable clothes. Also, new technology is quickly adopted to survive in a fast-moving market. Using Porter‟s competitive analysis of five forces, the threats of new entrants and substitution are low, and customers‟ and suppliers‟ bargaining power are moderate. However, the intensity of competitive rivalry is quite high because similar fashion firms are competing. Fast fashion has a shorter life cycle for products than most industries. This spurs both creativity and product innovation but demands more efficiency and advanced technology to reduce...
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...[pic] American International University-Bangladesh (AIUB) INTERNSHIP AFFILIATION REPORT ON “Letter Of Credit Procedure of EXIM Bank Ltd.” An Internship Affiliation Report Presented to the Faculty of Business Administration in Partial Fulfillment of the Requirements for the Degree of Bachelor of Business Administration Supervised By: Mr. Roomee Tareque Moudud Assistant Professor & Director (OPA) Faculty of Business Administration Submitted By: Faiza Irma Chowdhury ID # 09-14499-2 Major: Accounting & Finance Date of Submission: 22 July 2012 INTERNSHIP AFFILIATION REPORT ON “Letter Of Credit Procedure of EXIM Bank Ltd.” Letter of Endorsement The Internship Affiliation Report entitled LETTER OF CREDIT PROCEDURE OF EXPORT IMPORT BANK OF BANGLADESH has been submitted to the Office of Placement & Alumni, in partial fulfillment of the requirements for the degree of Bachelor of Business Administration, Major in ACCOUNTING AND FINANCE, Faculty of Business Administration on 14th August, 2012 by Ms. FAIZA IRMA CHOWDHURY, Id # 09-14499-2. The report has been accepted and may be presented to the Internship Defense Committee for evaluation. (Any opinions, suggestions made in this report are entirely that of the author of the report. The University does not condone nor reject any of these opinions or suggestions). ______________________ Mr. Roomee Tareque Moudud Assistant Professor...
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