Sarbanes-Oxley Section 404 Work: Looking at the Benefits. The Institute of Internal Auditors Research Foundation, 2005. Web. 9 April 2011 <www.theiia.org/download.cfm?file=343> “Optimizing the Role of Internal Audits in Sarbanes-Oxley Era.” Corporate Compliance. Delottie, 2005.
Without this we wouldn’t be able to show what is going on in the business at the end of the year at tax time. The management information system will keep records of all our customers that come in on a daily basic to purchase or if they happened to go online we will have it all store there in their name. (Rainer, 2011)If they happened to come in and don’t have a receipt we would be able to go in our filing system and look their name and she if they have purchase that particular item from the store. Finally but last we will be using this system to keep everything on our business for our records. This is executive dashboard which will be used to file all our information of what is going on in the record
Describe the process used at each stage and identify the least sustainable practices. Production Stage 1: Receiving | Input Materials | | Output Materials | Preassembled motorsPlastic polymers | | Preassembled motorsPlastic polymers | Briefly describe the receiving process:The preassembled motors and plastic polymers are purchased from local Chinese companies. After receiving the plastic polymers, they are sent to be melted into molds for miscellaneous parts. | Briefly describe any nonsustainable aspects of this production stage:The company does not produce the motors in-house; therefore they are wholly dependent upon an outside company for success. The same goes for the much needed polymers.
Fox Router is an ODM which responsible for design products in-house and outsource the manufacturing of the products. The suppliers provide the components that go into the final assembly of the products. CMs do the final assembly then ship the products to Fox Router locations. The only Contract Manufacturer which associated with the new market locates in Kunshan, China that can provides on time delivery to warehouse worldwide while other final assembly Contract Manufacturers ship the products to other markets. Considering the time reasons of the new product launch, Fox Router will continue use the current final assembly CM which located in Kunshan, China.
Retrieved February 19, 2011, from InvestorWords.com: http://www.investorwords.com/1637/e_commerce.html. Mision, Values, Vision. (n.d.). Retrieved February 13, 2011, from Small Business Notes: http://www.smallbusinessnotes.com/starting-a-business/mission-values-vision.html Online Gaming Stats (Infographic). (2010, May).
Sarbanes-Oxley Act reiterates the importance of the cost of law to the companies and to the future of the economy by placing officers in charge of such obligations. “These officers require lower-level employees to certify accuracy of those portions of the financials for which they are responsible, and are creating a practice of a series of meetings down the line to discuss control issues” (Carney, 2006, p 144). Many other sanctions have been put into place to regard the cost of owning a business and the importance of safekeeping of financial records. “The law also forbids corporate loans to officers and directors, requires issuers to disclose a code of ethics for senior financial officers or explain why one has not been adopted, and prohibits adverse employment actions against whistle-blowers” (Carney, 2006, p 144). The adaptation of pushing such a law into firm action can make for either a better future for the economy or for a fiscal cliff as it is now