Key points on this checklist would be protection against the threat of internal and external theft, including embezzlement, fraud, burglar, robbery, industrial espionage, and the theft of trade secret and proprietary information. One must also be sure to develop access-control procedures to protect the facility perimeter as well as high-tech facilities in other sensitive areas such as server rooms and executive offices. This would be spear-headed with the establishment of lock-and-key procedures coupled with the design, supervision and installation of anti-intrusion and detection systems. Now that the entry, exit, and perimeters are covered, I would move to cover the people inside it; by establishing control over the movement and identification of the said employees, customers, and visitors on property. I would then, on the behalf of the now protected employees, work on establishing an anti-work-place violence program and establish a means to assist corporate personal with internal and external threats.
Discuss how administrative agencies like the Securities and Exchange Commission (SEC) or the Commodities Futures Trading Commission (CFTC) take action in order to be effective in preventing high-risk gambles in securities / banking, a foundation of the economy. The economy in the US needs to be protected from high-risk gambles in securities/banking, a foundation of the economy. So what does the Securities and Exchange Commission (SEC) well “the mission of the U.S. Securities and Exchange Commission is to protect investors, maintain fair, orderly, and efficient markets, and facilitate capital formation” (SEC, 2012). The way that SEC takes action in order
The company still went public even though the management was aware of their losses. They needed new business strategy that will be a source of revenue for the company. After the internet bubble “burst” it became obvious that NextCard was deceiving investors and other stakeholders. The Feds were able to uncover the fraudulent accounting practices used by the audit team of NextCard. Given PCAOB oversight of accounting firms and the AICPA Code of Conduct, discuss whether or not you believe that public accounting firms can successfully manipulate audit work papers and records of clients engaged in fraudulent activity.
C. Examination report. D. Review report. 2. The organization charged with protecting investors and the public by requiring full disclosure of financial information by companies offering securities to the public is the: A. Auditing Standards Board.
Organizations must identify all personnel with information system security roles and responsibilities, and must be documented” (Department of Information Technology, 2013). | | B.) “Organization must determine the security category of an information system. This requires consideration of the sensitivity of the information resident on that system. Impact values assigned to the respective security objectives (confidentiality, integrity, availability) shall be considered at least ‘moderate’ if the information stored on them is considered ‘confidential” Department of Information Technology, 2013).
Sarbanes-Oxley Act Sarbanes-Oxley is a United States federal law, which is also known as the public company accounting reform and investors protection act and corporate and auditing accountability and responsibility act. Sarbox or Sox are shorter names given to the company. Paul Sarbanes (US Senator) and Michael G. Oxley (US Representative) are the ones who support this act. This act is intended to protect investors by improving the precision and consistency of corporate disclosures made pursuant to the security law. It is also there to strengthen audit committees and to create responsibilities for publicity traded corporations, accounting firms and regulatory agencies.
CCLD Level 4 401 K4M746 Relevant legal requirements and procedures covering confidentiality and the disclosure of information. The relevant legal requirements for a professional working along side children within a nursery is the Data protection registration act (1998). It came into force on the 1st of March 2000. This Act was put into place to protect the rights and the freedom of other peoples respect for privacy. Each setting has a responsibility to use this information suitably and appropriately, ensuring good confidentiality at all times.
Lessons learned: Auditing firms can be held responsible for the misrepresentation of financial information if they don’t practice due care. Auditing firms should asses risky accounts and suspicious transactions to ensure the reliability of the financial statement. Questions 1. Identify legitimate business practices that corporate executives can use for the primary purpose of manipulating or “managing” their company’s reported operating results. Are such practices ethical?
The Patriot act defines specific obligations for all financial institutions to report inconsistent cash activities. Online banking has led to a deeper concern regarding the securitization of transactions. Some may say that this act is an intrusion into personal liberties; however, technology and the unethical use of such, has changed the landscape. Background checks and formal validation procedures are now part of the financial culture to ensure personal protections. Fair Credit Reporting Act of 1970 The Fair Credit Reporting Act (FCRA) was enacted to “protect consumers from the disclosure of inaccurate and arbitrary personal information held by consumer reporting agencies” (Consumer Privacy, 2001, ¶1).
American Perspective In the United States, insurance companies such as American International Group have established policies to cover companies that may be responsible in an occurrence of identity theft. “AIG has developed corporate identity protection, this policy is designed protect smaller companies from financial disclosure related to the threat of identity theft.” (Marshall, 2006). Although identity theft may be