These principles emphasize that the Risk Management process:- • Creates and protects value to the organisation • Is integral to all organisational processes • Forms part of the decision making process • Addresses uncertainty • Is systematic, structured and timely • Is based on the best available information • Is tailored • Takes into account human and cultural factors • Is transparent and inclusive • Is dynamic , iterative and responsive to change and • Facilitates continuous improvement Risk management requires a framework of design, implementation and monitoring to ensure its effectiveness in an organisation, through the development of a risk management plan. A risk management plan further describes the components and the specific approach and response of an organisation’s commitment to risk management. It involves an organisation identifying and defining the constituents of risk, whether derived from either regulatory requirements or identified sources of risk. A risk criteria is developed against the organisations values and objectives in preparation for assessment. Assessment of these risks requires three steps, identification, analysis and evaluation:- • Identification- The causes and consequences associated with the perceived risk must be identified, these risks may be determined through action or the inaction of an activity, the level
. . . Chief Executive Officer CUSTOMER SERVICE REPRESENTATIVE JOB DESCRIPTION JOB TITLE: Customer Service Representative General Summary: Provides customer service support to the Council by handling Constituent, Supplier and Local Business enquiries in a timely manner. Initiates and/or implements corrective action as needed in order to ensure that an excellent standard of service and a high level of customer satisfaction is maintained.
Learning Outcome 1: Understand the organisation’s ethical and value-based approach to leadership 1.1) Evaluate the impact of the organisation’s culture and values on leadership Types of organisational culture Culture refers to the type of values that the organisation has. It is concerned with what is seen to be important. The organisational culture influences the way people behave towards one another and it also affects the management style of the organisation, i.e. whether people believe they can participate and influence situations inside the organisation, and the approach adopted to both customers and suppliers. Within different areas of an organisation we may find that different cultures operate.
Question 1: Organisations such as BHP would operate a number of different performance appraisal methods. In order to ensure the success of the method implemented certain processes need to be in place. Outline the processes and documentation an organisation such as BHP would need to have in place to successfully implement performance management. * Firstly, BHP would need to assess whether all positions within their organisation are documented and available in current and accurate position descriptions. * Investigate whether managers have provided all BHP staff with performance indicators to be used in the current appraisal period, ensuring they are consistent with each staff members key role requirements, as outlined in each position description.
Assembling the audit documents is critical for observations and recording information. Making sure that specific items, depending on the process, department or product being audited, are not forgotten is also an important part of the document phase of the
Through guidance, leadership ability, and supervision of employees managers achieve organizational goals. Controlling is the measurement of performance against objectives and the constructive feedback to correct any performances not meeting the plans objectives. All these functions are integrated and mutually supporting, directed toward the goals of the
Some of the duties would be Evaluate controls, advising managers, evaluating risk, analyze operations, confirming information, and reviewing compliance with the SEC. His or her focus should be the entire company, departments, functions, and operations. With an internal auditor Whitfields internal controls should have improvement. A justification of the benefits of using an internal auditor and a recommendation of an internal auditor that meets the company’s standards will be given.
It starts with Section 404. Its focus is on the effectiveness of internal controls, which leads to the inspection of all controls that proves vital to the company, especially to its financial reporting process. The Sarbanes-Oxley Act is part of internal control. They actually go hand in hand. In conclusion, the Sarbanes-Oxley Act is an integral part of internal control.
Reporting Practices and Ethics Paper Sharon Tucker HCS/405 May 13, 2013 Elizabeth Caissie Abstract The implementation of financial reporting and ethical standards are crucial for the growth and progression of an organization. Reporting fairly and accurate data will help control measurements that may address theft and/or fraud within the structure. Ethical standards are vital for the development in an organization’s set rules and policies in having quality in the services provided including integrity, values, and delivering effective outcomes in honesty. Generally accepted accounting principles (GAAP) are set guidelines which indicate rules, regulations, and procedures that are implemented for the maintenance and/or monitoring records. An organization that provides a financial statement to the public, investors or government funding entities must follow the set standards developed by Financial Accounting standards Board (FASB).
The team’s ultimate goal is to produce a working document in the form of a risk analysis that will assist management in allocating appropriate resources. Appendix F shows examples of the key personnel that should support and participate in the risk assessment and management