within the organization. The mission of human resource department is to strengthen the internal power of the company by recruitment and retain employees, training and development, performance management, offering them compensation and benefits and regulatory compliance. We all know that selecting the most qualified candidate for an open position can by a challenge, but it can more challenging to find a qualified, dedicated, and experience person to work in the health care industry. A good example
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Information Systems Environment - The increasing availability of computer-based accounting systems that is capable of meeting both functional and economic circumstances of even the smallest entity impacts on the audits of those entities. Small entities’ accounting systems often make use of personal computers. Philippine Auditing Practice Statement 1001, “CIS Environments—Stand-Alone Personal Computers” gives additional guidance regarding the special considerations of such an environment. - Small entities
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Yet, the telemedicine practice enjoys certain safe harbor variances, as determined on a case by case basis by regulatory agencies. Exposure to these laws will increase as more consumers access services using Medicare and Medicaid benefits. While all practitioners must exercise caution in not violating patient protection laws, telemedicine practitioners face enhanced
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INTERNATIONAL STANDARD ON AUDITING 560 SUBSEQUENT EVENTS (Effective for audits of financial statements for periods beginning on or after December 15, 2009) CONTENTS Paragraph Introduction Scope of this ISA ...................................................................................... Subsequent Events .................................................................................... Effective Date ....................................................................................
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1C Minor D 5D 4D 3D 2D 1D Negligible E 5E 4E 3E 2E 1E 3 - Occasional 2 – Seldom 1 – Improbable Assessment Risk Index Criteria Accountable Organizations Risk Review Board (RRB) and / or VP Corporate Safety, Security, Quality & Environment Managing Directors and / or Risk Analysis Board (RAB) 5A, 5B, 5C, 4A, 4B, 3A Unacceptable under existing circumstances requires immediate action 5D, 5E, 4C, 3B, 3C, 2A, 2B Manageable under risk control & mitigation. Requires RAB & management
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Recording, Analysing and Using HR Information – 3RAI Activity 1 Two Reasons Why Organisations Need To Collect HR Data 1) Organisations need to collect HR data to comply with legislative and regulatory requirements such as equal opportunities monitoring, equal pay audits, recruitment planning, assessing skills balance, minimum wage, working time directive and health and safety. 2) Organisations also keep information records on training and performance for employees, this enables
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Situation analysis Important internal controls that were ignored? The auditors of Enron did fail in their task of providing a duty of care to all of the parties. The main reason for this is that they failed to correctly audit the assets and financial position of Enron resulting in all stakeholders having no clue about the forthcoming collapse of Enron. This resulted in the stakeholders facing a very critical condition or a phase where in they were not sure if they would be able to recover their
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The Enron Collapse Enron, a high profile organization which ranked as the seventh largest company in the United States during the 1990’s consisted of approximately 25,000 employees worldwide and held revenues in the tune of over 100 billion dollars in 2000. Enron controlled about one quarter of the gas companies in the United States and also expanded into Myriad energy products during its years of operation. The company traded hundreds of products throughout the wider Continentals including South
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trained in their role and do they understand how their roles fit within the quality management system? Are there appropriate records for training, skills and education? Is the work infrastructure and work environment suitable for meeting customer and regulatory requirements? Does the work environment meet all
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IFAC’s recently released Revised Code of Ethics applies to all professional accountants - whether you work in practice, in industry, in academe, or in government. It is effective from June 30, 2006. Accountancy Ireland asked ICAI member, Richard George, Chairman of the IFAC Ethics Committee to explain the background to the development of the revised code and to give our readers a brief overview of what it covers. Many Irish Chartered Accountants are probably only vaguely aware of the existence
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