IRAC Brief: JP Morgan Chase Settles the London Whale This is a case study analysis of a current legal case regarding the governance principles of regulatory compliance and the methods used to manage risk arising. The briefing of this case will utilize the IRAC method of case analysis to give a breakdown on the case of JP Morgan Chase on regulatory violations and risk management. The IRAC method will address I - Issue, R - Rule, A - Analysis, and C - Conclusion which will provide a researched assessment
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The Nightingale Hospital is 13 months away from our next Joint Commission inspection. Although the overall state of compliance for the organization is good, there are several areas that have been identified as “Priority Focus Areas” due to a past history of nonconformities. All these areas are related to Information Management and Record of Care, Treatment, and Services, in particular: A utilization of standardized terminology, definitions and abbreviations, as described in Joint Commission Accreditation
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enterprise-wide performance transformation initiatives. We help turn strategy into reality. KPMG in Kenya provides Audit, Tax, and consulting delivering a globally consistent set of multidisciplinary financial and accounting capabilities based on deep industry knowledge. KPMG professionals in Kenya work for a wide range of clients, from global organizations to entrepreneurial start-ups., Audit We provide clients with professional advice and assurance on their controls and accounting systems all year
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Regulatory and Compliance Issues Paper SANYUY D. ELVIS LAW 531 October 13, 2015 JAMES CHARNELL Regulatory and Compliance Issues Paper Do you think that the creation and work of the Public Company Accounting Oversight Board (PCAOB) has resulted in greater independence of auditors of public companies? Due to some major Corporate and Accounting Scandals in some prominent companies including Enron and WorldCom, Sarbanes–Oxley Act (SOX) was enacted in 2002. Through this, a lot of changes were
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a result of fraudulent activities by some U.S. Corporations such as Enron, Tyco, WorldCom, and Adelphia, as well as other public companies (Jennings, 2012; Scott & Nganje, 2011). SOX introduced major regulatory changes which affect financial practice and corporate governance; and compliance is mandatory for ALL organizations (Guide to Sarbanes-Oxley, 2006). SOX is actually Public Law 107-204 and it is divided into eleven different parts, each one addressing a different ethical issue or activity
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ethical financial behaviors. Currently, ethics and compliance play a very critical role in how organizations operate daily. Learning Team C will be identifying the role of ethical compliance within Lowes. Learning Team C will do this by evaluating how the organization complies with SEC regulations. LTC will also calculate the financial ratios of Lowes to verify the status of the health of the Lowes organization. Processes used to stay in compliance with the SEC Public traded companies have to comply
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recently? The answer is most likely, “yes”, to a certain degree. With the news about unethical business practices and companies not following regulatory guidelines, it is difficult to ignore the risk that is involved with trusting someone else with your investment. But there is an answer to help protect companies and shareholder, and it comes in the form of a regulatory organization that was put in place in 2002. That was put in place as a direct response to the corporate scandals of Enron and other scandals
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Types of Audits KWyrick Advanced Accounting 2/23/15 Audits are an important necessity to insure the foundation and integrity of any company in today’s business world. Audits provide credibility and assurance for the company’s management and financials. This is useful information for stakeholders when deciding whether or not to invest in the company. The audit also provides reasonable assurance that the financials are free from material errors. Therefore the information provided is guaranteed
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executives while complying with the requirements of regulatory and governance bodies, satisfying the expectations of shareholders and remaining consistent with the expectations of the wider employee population. It will assume responsibilities to equitably, consistently and responsibly reward executives having regard to the performance of the corporation, the performance of the executive and the general pay environment. Audit committees the audit committee is a creation of the board of directors
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because the interests of the users of information may be different from that of the interests of those responsible for providing information. Answer True False Add Question Here Question 2 True/False 0 points Modify Remove Question An audit of financial statements is a form of attestation service. Answer True False Add Question Here Question 3 True/False 0 points Modify Remove Question Independence is an attribute necessary to perform assurance services. Answer True False
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