Compliance Interview and Report Assignment BA 3301 Legal Environment of Business Associate Professor Lee Usnick, JD I. ASSIGNMENT OVERVIEW Virtually all business activities conducted in the United States are highly regulated, not only by governmental entities, but by professional entities as well. Compliance with all federal, state, and local laws and regulations is a prerequisite to the long term health and survival of a business. Also important is compliance with standards issued by the professional
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representation of a governmental body, which is produced by a legislature. Regulatory agencies are implemented to enforce laws of legislative functions, executive functions, and judicial functions. The regulatory agencies plays a central role in the operation of the financial sector. There are a numerous variances of regulatory agencies, which all serve a different purpose in business law enforcement. Some of which include the Environmental Protection Agency, Occupational Health and Safety Administration
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A business (company, enterprise or firm) is a legally recognized organization designed to provide goods and/or services to consumers. Businesses are predominant in capitalist economies. Most businesses are privately owned. A business is typically formed to earn profit that will increase the wealth of its owners and grow the business itself. The owners and operators of a business have as one of their main objectives the receipt or generation of a financial return in exchange for work and acceptance
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Relevant Tax laws 1) Companies Income Tax Act 2) Personal Income Tax Act 3) Tax regulations introduced from time to time by minister of finance: (a). S.I. of 1997 – personal income tax [rates, etc. of tax deducted at source (withholding tax ) regulations] (b) S.I.10 of 1997 – companies income tax [rates, etc. of tax deducted at source (withholding tax) regulations] (c) Personal income tax [rates, etc. of tax deducted at source (withholding tax amendment) regulations of 2000]
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October 18, 2011 The COSO Framework Due to questionable corporate political campaign finance practices and foreign corrupt practices in the mid -1970s, the U.S. Securities and Exchange Commission (SEC) and the U.S. Congress enacted campaign finance law reforms and the 1977 Foreign Corrupt Practices Act (FCPA) which criminalized transnational bribery and required companies to implement internal control programs. In response, the Treadway Commission, a private-sector initiative, was formed in 1985 to
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Memorandum To: Charles White, President From: Ethan Worley, President of all Accountants Date: 2/9/2015 Re: EPA Regulations Mr. White, It has come to my attention that there is a possibility of an unforeseen expense relating to our newly acquired subsidiary, Johnson Manufacturing Co., and the way that they have been disposing of their hazardous waste. Due to the nature of the disposed waste, the Environmental Protection Agency has ordered certain companies that would be comparable to Johnson
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vast computer banks and sold like stocks and bonds on Wall Street; all of a sudden personal privacy is no longer private. Therefore the federal government had to step in and put a halt to this travesty of invasion of privacy. One of the best medical laws that were ever written is the Health Insurance Portability and Accountability Act of 1996 (HIPAA) Privacy and Security Rules. Protecting, safe guarding and securing patient data is paramount in
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Chapter 2 - Working With The Tax Law Three Sources of Tax Law * Statutory – the law * Administrative- guidance on the law * Judicial – courts Statutory Sources of Tax Law * Internal Revenue Code (2.6 million words) * Codification of the Federal tax law provisions in a logical sequence * Have had three codes: * 1939, 1954, 1986 * Committee Reports * Explain intent of the law Statutory Sources of Tax Law * Example of Code Citation:
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Law is defined as rules of conduct of any structured civilization, however undemanding or minute, that are imposed by warning of penalty if they are violated. Current law has a broad clarity and regulates lots of branches of behavior." basically law is the rules and regulations that aid in governing conduct, handling disputes, and dealing with criminal actions. The is an answer to many problems in business and society today serving many roles most of them being ethical issues. Law can be
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(“AGREEMENT”) SETS FORTH THE TERMS AND CONDITIONS UNDER WHICH TREND MICRO INCORPORATED OR AN AFFILIATE ("TREND MICRO") IS WILLING TO LICENSE THE “SOFTWARE” AND ACCOMPANYING “DOCUMENTATION” TO “YOU” AS AN INDIVIDUAL USER OR AN AUTHORIZED REPRESENTATIVE OF AN ENTITY. BY ACCEPTING THIS AGREEMENT, YOU ARE ENTERING INTO A BINDING LEGAL CONTRACT WITH TREND MICRO. THE TERMS AND CONDITIONS OF THE AGREEMENT THEN APPLY TO YOUR USE OF THE SOFTWARE AND SUBSCRIPTION SERVICES. PLEASE PRINT THIS AGREEMENT FOR YOUR RECORDS
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