improvements with the issues it has dealt with in the path. I can suggest to the company a few different ways it may want to take regarding steps to educate its employees on how to report a violation. Employees need to know first that there is no set standard, in regards to chain of commands so to speak, when wanting to report a difficult situation. And what is meant by is that
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b) Reporting procedure for workplace safety and health issues Firstly they have to identify for examples unsafe equipment, unsafe condition/environment, injuries, near misses or even illnesses. Report to the immediate supervisor on site. The supervisor will write a report and the management will provides feedbacks on the issues and addressed it quickly. Before that the supervisor and the workers will act on the issues on hand immediately. c) The identification and reporting
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Imagine the worst possible reports from a system. What is wrong with them? List as many problems as you can. What are the consequences of such reports? What could go wrong as a result? How does the prototyping process help guard against each problem? A poor design report from system may have the following mistakes: * It may have use invalid names. * Not using meaningful titles * Excessive or/ and unnecessary highlighting. * Not using indexing properly. * Communicating with the
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is a company that provides electricity to about 7 million customers in the southern states. Bennie Gordon is one of the accounting managers at the division level who reports to Sarah Higgins; she is the controller of the division where Gordon works at. Higgins reports to Sam Thornton; Chief financial officer, who he then reports to Vannessa Jones, CEO of Jet Energy Co. The company is only allowed a rate of return on operating income of 12.5 % on sales of electricity, if the company exceeds these
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company. Excello’s CFO, Terry Reed, has thought of a couple different ways to report the 1.2 million in sales, however, his ideas do not comply with SOX. Reed wants to report a sales transaction that he knows will take place in the future but cannot happen by the end of the reporting cycle because Data Equipment Systems, Excello’s main customer, does not have the available space to store the product. If Reed was to report this sale in advance of it actually taking place, he would be at risk of violating
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reported earnings), and he failed to bring to the accounting and finance departments' attention that contracts may have been backdated. Stephen Richard's actions are notably serious because he had knowledge of the wrongdoings and he was in a position to report it, but he chose not to. 2.Suppose you were placed in Stephen Richard’s position at Computer Associates and you were under pressure to extend the fiscal quarter. How would you handle the situation differently? What would be the expected consequences
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Garret Car Rentals Audit Report Objective Our objective is to perform an efficient and informative audit of Garrett Car Rentals, and identify areas of weak control that need to be improved. Recommendations * Use the COSO audit approach: * The condition is that there has been a tremendous increase in vehicle count, maintenance and repairs have increased in the past three years, and that inventory and inspections have increased additionally in the Wilsonville factory, while all other
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Whistleblowing and Sarbanes-Oxley Act Student Name College or University Name LEG500 – Law, Ethics, and Corporate Governance Professor’s Title Date Whistleblowing and Sarbanes-Oxley The federal government passed and put into law the Sarbanes-Oxley Act of 2002 (SOX) to primarily protect whistleblowers from retaliation for reporting corporate fraud and financial malfeasance to the government. The negligence became apparent in the 1990’s when corporations such as Enron, HealthSouth, Tyco and WorldCom
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‘CLEAN AUDIT REPORTS’: MISSION IMPOSSIBLE? The beginning of the 21st century was marked by major corporate collapses that jeopardised the reputation of the big Accounting and Auditing firms, questioning the very foundations of financial reporting and corporate governance. In a very short period of time, millions of dollars were wiped off the financial statements of major corporations, and the world saw giants collapse as large amounts of money were proven to exist only in paper. Even though fraud
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What is a report? A report ‘reports’ on something in a concise, formal way using clearly defined sections presented in a standard format, which tell the reader what you did, why and how you did it and what you found. It is the formal writing up of a practical experiment, project or research investigation. A report is written in a way which presumes that the reader knows nothing about your experiment or research. It is usually written more concisely than an essay, with headings and sub-headings
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