After hearing bits and pieces about the “Enron scandal” over the years‚ it was interesting to learn about what specifically happened to the global giant company and how it reached its demise in the early 2000s. It seems as though Enron’s downfall had largely to do with the corporate culture instilled within the company from its inception in 1984. The idea of “get big fast” encouraged employees to do whatever they deemed necessary to drive earnings‚ even if it meant leaving ethics at the door. The
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Evaluating Compliance Strategies June 4‚ 2013 The compliance process is critical when it pertains to the billing and coding process. It is imperative for Medical Insurance Specialist to remain current on the patient’s participation in contract as well as the medical insurance policies‚ so there will not be any billing errors. Maintaining a communication with the payer will also prevent billing errors. Such regulations and laws are in place for to protect the patient’s financial state‚ prevent
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standards. Following a hybrid approach for implementing HIPAA would help these different healthcare entities manage their compliance related activities better. The risk based model which is easily scalable would enable entities to perform risk assessment based on their operating landscape‚ while the checklist would allow all these entities to easily evaluate their compliance with HIPAA. For example‚ hospitals have to perform far more robust risk assessment when compared to that of health insurers
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The collapse of Enron case study Q1. The key stakeholders involved in‚ or affected by the collapse of Enron are: employees and retirees‚ thousands of them lost their jobs and the investment; the executives: Kenneth Lay‚ Jeffrey Skilling and Andrew Fastow they sold significant blocs of company stock‚ have conflicts of interests; government figures‚ Lay had close personal tie with the Bush family‚ Enron’s efforts influence policy making; regulatory authorities: Commodities Futures Trading Commission
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because if there are security breaches‚ internet scams‚ it can be easy to identify and notify the user. Also the 2FA protects one’s information such as hospital and patient information. Two-factor authentication is recommended in order to meet HIPAA compliance‚ since it adds another level of security that can prevent
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Compliance‚ which can be described as the degree to which a patient correctly follows medical advice can be used to ensure successful medicinal treatments in a number of ways. Firstly improving the communication to a patient or family member can be used‚ this could be verbally or even giving leaflets and information to the patient to offer support or any questions the patient may have. Ordering patients medication on their behalf and informing them when it is ready to collect be another reason which
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promotes conformity in all things. Social pressure is powerful and can affect people of all ages. These pressures can cause people to conform to society even if he/she does not have the same opinion as the rest of society. In the article “Conformity‚ Compliance‚ and Obedience” by Candela Learning‚ it was found that “conformity is more likely to occur when responses are public than
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"Corporate Fraud" when you hear those words the first‚ most recent incident‚ many think of is The Enron Scandal. This same scandal produced the Public Company Accounting Reform and Investor Protection Act of 2002. This much needed act created the Public Company Accounting Oversight Board under the Security Exchange Commission ’s supervision. This board sets accounting standards and investigates Certified Public Accountants and companies to ensure they are following the guidelines set forth. This
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Corporate crimes are crimes committed by corporate officials that are in the interest of the corporation. They can be hard to detect and can include embezzlement‚ falsifying financial statements and bribery. Three main factors were made to assist in understanding the theory of corporate crime‚ such as the drive for profit. This is important because all companies want to pursue making money in any way possible‚ yet some choose illegal and deceitful actions as others do not. Using the structure of
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for the job? What major factors should determinate his choice? Trianon is an Anglo-French avionics company‚ headquarter is in Marseille. Alistair was hire as Director of Personnel Development European Division‚ and he has to recruit a Quality Compliance Manager for the site in Hungary. In fact‚ decision was making for a ten-year joint venture with a Hungarian government-backed firm. The new manager needs to be available soon and has to be familiar with the joint venture’s objectives and targets
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