written policies and procedures and fair employment practices in Bow Treasures. An open-door policy can also provide a great fraud prevention system as it gives employees open lines of communication with management with protection if they act as “whistle
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Accounting Horizons Vol. 21‚ No. 2 June 2007 pp. 165–187 Auditor Communications with the Audit Committee and the Board of Directors: Policy Recommendations and Opportunities for Future Research Jeffrey Cohen‚ Lisa Milici Gaynor‚ Ganesh Krishnamoorthy‚ and Arnold M. Wright SYNOPSIS: To contribute to the Public Company Accounting Oversight Board (PCAOB) project on auditor communications with audit committees and boards of directors‚ we present in this paper a review of relevant academic literature
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Various Ways to Prevent Group-think * Foster open climate for discussion ① Seating Arrangement Seating arrangement is important in creating an open atmosphere for discussion. Most organizations are hierarchical so that it is usually hard for subordinates to express their ideas directly to their heads. If members of an organization seat in orderly manner by their positions‚ there should be an invisible wall‚ which prevents from expressing their ideas. Thus‚ the climate is rather formal
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What specific policy measures can be adopted to encourage exposure of white collar crime? According to the text‚ in this case‚ principal gents who handle such cases play an important role in white collar crime. They are the Informers and Whistle Blowers A white collar crime is a non-violent act involving deception‚ typically committed by a business person or public official. A criminologist blames economic recession and complex financial system as major reasons for the rising white collar crimes
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INDEX Topic Page No. 1) Introduction 1 2) Types of Director 1 3) What is an Independent Director 2 4) Role of an Independent Director
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Table of Contents EXECUTIVE SUMMARY 2 INTRODUCTION 3 1. ASSESSMENT MODEL 3 2. ASSESSMENT ON EACH ORGANISATION 5 CHINA MOBILE LTD 5 DAIMLER AG 7 SAMSUNG ELECTRONIC CO. LTD 9 QANTAS AIRWAYS LIMITED 12 WORLD VISION AUSTRALIA 14 3. OVERALL EVALUATION 16 CONCLUSION 17 LIST OF REFERENCES 18 APPENDIX 21 Assessment Model for China Mobile Ltd 21 Assessment Model for Daimler AG 24 Assessment Model for Samsung Electronics Co. Ltd 27 Assessment Model for Qantas Limited 30
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people expressed concern about Enron’s accounting practices‚ many others did nothing‚ indicating that they may have been involved or at least profited from the scheme. The scarcity of whistle-blowers at Enron‚ to some‚ indicates a cover-up. The board’s failure to stop the unethical accounting or blow the whistle may suggest that the board was largely ignorant of what was going on. 3. The CEO and chairman of the board have different responsibilities. The board is intended to provide a system
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TABLE OF CONTENTS Introduction..........................................................................................1 Who Committed Fraud?.....................................................................1 - 2 How Was Fraud Committed?...............................................................2 - 4 Why Was Fraud Committed?...............................................................4 - 5 Penalties Of Committing Fraud.............................................................. 6
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been so extensive that they have brought about the collapse of corporate giants and even garnered the resignation of the President prior to his impeachment. The following will outline some notable cases‚ reasons why some people decide to “blow the whistle” and steps that the Occupational Safety & Health Administration (OSHA) has taken to secure the rights of those who report violations in the workplace. With greater frequency‚ internal organization constituents such as employees and board members
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was one time they put her to bed at 5:30pm‚ they never switched the television on for her they just left her lying in her bed until the next morning. Despite three inspections in a period of two years – and several letters to management from whistle blowers and former employees – the atrocities went untackled until it was televised on BBC
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