It is a review of management and how operating procedures work. How effective and efficient the procedures are for the company. Although operational audits reveal possible problems in the financials statements, a compliance audit and fraud audit will help Whitfields internal
Credit crunch and recession are great examples of external factors influencing the business. If the people are suffering from recession, they will not have money to spend money and this is how it affects the businesses. The current instability in Iraq is a good example of what may happen to businesses. In business it’s very important to understand, monitor and adapt to the political environment, because it crucially affects every business. Some of the very important factors are: Government stability effects businesses in a great range by competing with businesses to lower their costs, transparency is another important factor where anything the business does is revealed to the government and the government know exactly what they are up to.
Some of the training involved for employers trying to improve health and safety would be risk assessments, setting up emergency procedures and making arrangements for implementing the health and social measures identifies as necessary. (Health and safety regulations, 2014) The legislation requires good management and employers to have a common sense when it comes to the understanding how hazards in the working environment can have
Unit 306 Understanding health and safety in social care settings 1.1 The health and safety at work act 1974 is the main legislation that covers you at work. Its an umbrella legislation which covers over regulations such as Manual handling operations regulations 1992 amended 2002, Control of substances hazardous to health regulations 2002, Reporting of injuries, diseases and dangerous occurrences regulations 1995 amended 2008, Health and safety first aid regulations 1981, Management of health and safety at work regulations 1999. 1.2 Health and safety policies are there to protect you as the worker, the individuals you are looking after and the company you work for. They are there as guidance to help identify risks and control hazards. And to help with reporting accidents and make arrangements for emergencies.
Cost Club needs to implement a Business Code of Ethics, which can be reviewed with all employees at various Cost Club locations. By implementing this Code of Ethics, Cost Club will be able to introduce the legal principles of employment as well as the moral issues that tend to arise in employment. These ethical behaviors are pivotal to the overall success of Cost Club. The stakeholders of Cost Club can take guidance from the company Business Code of Conduct. When an ethical situation occurs, the Business Code of Conduct will become an important tool of Cost Club employee in dealing with workplace dilemmas.
It is important to identify hazards in the workplace because it is the first step of preventing hazards from progressing to injuries, illness, death or property damage. Question 6 Discuss the importance of the incident reporting process. The purpose of this is to ensure all hazards, incidents and accidents involving staff, an another member, property and activities are reported, investigated, and recorded in accordance of Work and Healthcare Safety Act 2012. To ensure WHS incidents are investigated appropriately, with a view to prevention of similar occurrences. Question 7 Describe the incident reporting process related to your industry.
The personal values of the manager will affect his or her decisions and leadership style. Using a tool like the Williams Institute Ethics Awareness Inventory Assessment will give the manager an idea of his or her ethical profile and allow then to see if they match the ethics of the company. Using the profile the manager can better serve the company by applying his or her values in an area that may need their
Health and Safety Key legislation relating to health and safety * The Health and Safety at Work Act 1974 * COSHH - Control of Substances Hazardous to Health Regulations 2002 * Manual Handling Operations Regulations 1992 * First Aid – Health and Safety * Personal Protective Equipment at Work Regulation 1992 * Food safety Act 2009 * Environment Protecting Act * RIDDOR – Reporting of Injuries, Diseases and Dangerous Occurrences Regulation 1995 How policies and procedures protect Service users * By providing clear guidance on expectations of delivery of care * By providing information Employees * By providing guidance and safe procedures to use and follow during our work * Safe ways of working to protect them from dangerous and harmful situations Main health and safety responsibilities of: Employee It is their legal responsibility to use the correct moving and handling techniques that have been taught during training. The principle of safe moving and handling is to protect myself, my colleagues and the service users. It is important that I record each accident that happens to me or that I witness. This complies with RIDDOR legislation. The accident books are reviewed by my management team, and will help to prevent future accidents occurring.
The following is the topic for this week's team assignment: The Sarbanes-Oxley Act (SOX) signed into law in July 2002 was intended to improve the accuracy of the financial statements prepared by publicly held companies. Carefully read the summary of this Act. A. Discuss how this law is likely to affects issues of : Audit committees of public company boards of directors Increased the workload and the integrity of these officials has fired some officials and made it a more rigorous job to pursue because of the seriousness of the day to day operations The act created the Public Company Accounting Oversight Board to police the accounting profession and set auditing standards. It shored up the role of the audit committee, making it
This is the most important quality of someone that works in accounting because you are responsible for recording all the financial information for the company and any wrong information could discredit your business and may also put you into a lot of trouble. Having great mathematical skills would also be another quality because you have to know your percentages and how to come with the figures for the budget as well. Also, having some knowledge of what investments would be good for the business as well. The type of education that I would require for my accounting staff would be that they are certified to be an accounting; I would also prefer that they have the work experience in the accounting as well. Having the experience in management would be a must as too, you would need to know how to handle yourself in certain situations when it comes to dealing with problems may occur or with dealing co-workers that work in your