Mr. President, everyone at LJB needs to understand the definition of internal control and what is required of them under the SOX law since this law requires a combined effort from top management and employees alike. Internal control “consists of all the related methods and measures adopted within an organization to safeguard its assets, enhance the accuracy and reliability of its accounting records, increase efficiency of operations, and ensure compliance with laws and regulations” (Kimmel, Weygandt & Kieso, 2009, pp. 327-328). In other words, effective internal control can help companies achieve established financial goals, prevent loss of resources, and prepare reliable financial statements. Under SOX, all publicly traded U.S corporations are required to maintain an adequate system of internal control by means of developing principles of control over financial reporting as well as continually verifying that these controls are working.
In order for the plan to be successfully implemented and adopted, it is vital for the BCP manager to communicate the benefits of the plan to management and to everyone with an active role in the execution of the plan. In addition, the CEO will communicate the plan to all corporate employees to give everyone a general awareness of the project. Communicating the plan’s objectives and benefits can be done through a combination of e-mails, presentations, newsletters, and meetings. After the business contingency plan has been communicated, the first step in implementing the plan is to identify the employees who will be directly involved in executing the BCP. Those directly involved will also include the Board of Directors and executive leadership.
Unit – use and develop systems that promote communication Unit No. 501 If there is a hierarchy within an organisation it is important that each member knows what their roles are and they know how to promote and support effective communication within their own job role. Our hierarchy is as follows: Directors Managers Senior carers Care Practitioners Directors: It is the responsibility of the directors to inform their managers of all company policies and procedures to ensure the business is run according to their wishes. Directors need to have good communication with their managers so that policies and procedures are followed correctly. Good communication will ensure that the organisation is running smoothly and that the managers can ensure the Heads of Shift work accordingly.
All workplace incidents, injuries and illnesses (including near misses and damage to property) are to be reported to the employee’s supervisor/manager, as soon as possible. And recorded on the Hazard and Incident Report Form available from Managers or our intranet. All notifiable incidents, deaths and dangerous occurrences must be reported to the Managing Director, immediately. The Managing Director will liaise with the Work Health Safety and WorkCover Manager and issue instructions for notifying regulatory authorities. This will be done in accordance with legislative requirements in each state.
Rights and Responsibilities at work 1 Q1. Identify four main points that would be included in a contract of employment. If possible, use an example contract to support your answer (feel free to obscure any confidential information). Every business has a responsibility to ensure it follows the relevant rules and regulations. If you are an employer, make sure you do everything you can to get it right, as an employee, you should also be aware of your own responsibilities, as well what your rights are and what your employer should be doing with regard to, for example, pay, contracts, time off and working hours.
Working as part of a team, sharing information with other team members, key workers and keeping employers informed of any issues is paramount, keeping accurate records in accordance with the Data Protection Act. Employees must agree to adhere to all rules and regulations set out in Employees Handbook and work in line with current legislation and policies and procedures issued by the company, keeping up to date with any changes. Employees must attend regular supervision and staff meetings, and undertake training deemed necessary by the
It is also the employee's duty to take care and time to read the risk assessment reports and follow any changes that have been made. All staff should follow the changes that have been put into place and not outside of job role. Things such as medication and moving and handling unless training and been provided and completed by the employee. Learning outcome 1.3 - Analyse the main health and safety responsibilities of: · self - you should take training courses that are offered by your employer. You should know the codes of practice at your workplace.
* Employees should be made fully aware of the processes with regards to the recruitment process. * Instructions must be publicised and provided to all existing and new employees with an explanation as to how staff can comply. The information can also be reiterated and discussed with staff regularly at staff meetings to ensure they remain relevant to staff. * Copies of policies should also be easily accessible and kept in folders in a central location or staff areas, in
When you think about HRM what is the first thing that comes to your mind. Do you believe that HRM focus on compensation and benefits, safety and health or recruitment inside of a company? In reality all of these components and more are needed to contain a excellent HRM. An effective human resource management process sets the foundation for excellence. By focusing attention on setting understandable performance expectation, it will help the employees know what is expected of them to be successful on the job.
Also having a clear understanding of customer expectations and values is essential, as they are important to meet the demands and thus assists the organisation in achieving their personal goals. As well as customer demands and product development, observing and learning within the industry assists in determining direction and avoiding any mistakes. Simple standards that would be expected by me on the ways in which I organise my time and management of all tasks would be my position as to who I report to, what my daily today tasks are and what it reports are expected from me throughout the day. Knowledge would be an impact on me when it comes to managing time. This is because it prioritises me to set my tasks from important to less important.