or increase shareholder values and profit. So‚ in order to give something back to the general public‚ those companies have to assume their responsibilities by being aware of the effects of their activities in the community and take measures to control them because this can affect the community and the environment by polluting the air‚ destroying the ecosystem‚ over using natural resources and so on. CSR is often called corporate citizen which means that companies should be good neighbors of the
Premium Social responsibility Corporate social responsibility
INTERNAL CONTROL AND RISK EVALUATION PAPER ACCOUNTING 542 INTERNAL CONTROL AND RISK EVALUATION PAPER Many businesses are concerned with information technology risks. Many organizations are concerned with different types of risk and attempt to control risk as they are assessed. In order to control risk‚ organizations must create control environments that set the tone of employee awareness and promote operational efficiency. One attempt to control risk is through risk assessment. The
Premium Accounts receivable Accounts payable Flowchart
Management at Chevron Corporation: Should Mr Keller try to bring DEMA about its company-wide implementation? Environmental risk management is a key concern at Chevron Corporation. Like other major oil companies‚ Chevron faces risk in its daily operations‚ including of damage to the natural environment‚ human health‚ corporate profitability‚ or all three. At the same time‚ Chevron must be practical regarding the amount of money spent on measures to manage these risks. Within Chevron there is a
Premium Risk Risk management Decision theory
systematically review‚ evaluate‚ and control the execution of strategies. Chapter 9 presents a framework that can guide managers’ efforts to evaluate strategic-management activities‚ to make sure they are working‚ and to make timely changes. Computer information systems being used to evaluate strategies are discussed. Guidelines are presented for formulating‚ implementing‚ and evaluating strategies. I. THE NATURE OF STRATEGY EVALUATION A. Importance of Strategy Evaluation 1. The strategic-management
Premium Plan Evaluation Strategy
Overview Chevron Corporation is an American multinational energy corporation. Headquartered in California‚ and active in more than 180 countries‚ it is engaged in every aspect of the oil‚ gas‚ and geothermal energy industries‚ including exploration and production; refining‚ marketing and transport; chemicals manufacturing and sales; and power generation. Chevron is one of the world ’s six "supermajor" oil companies. Chevron is one of the largest foreign investors in Bangladesh‚ supplying nearly
Premium Recruitment Employment
Internal Control and Risk Evaluation A risk is the chance of a negative event occurring. Internal controls are policies and procedures set in place to reduce the occurrence of an associated risk. Risks are never entirely eliminated; however‚ internal controls help reduce the occurrence and balance the risk. This brief will discuss the risks of Kudler Fine Food’s current Accounting Information System (AIS). In addition‚ the internal controls designed to mitigate the risks. Furthermore
Premium Auditing Risk Audit
Internal Control and Risk Evaluation Since offering suggestions for Kudler earlier this month‚ the request has been received to analyze the risks involved. Suggestions included: improving functions of inventory‚ accounts receivable‚ accounts payable‚ and the payroll system with any company. When inventory is involved‚ it is important to maintain accurate records. This will be done for Kudler through automation‚ enhancement‚ and maintenance of the inventory. The risks involved in this change
Premium Accounts receivable Balance sheet Accounts payable
From: Mark Buchanan CC: Date: 11/22/2011 Re: Internal Control Evaluation Going Public: All publicly traded companies in the United States are required to maintain an adequate system of internal controls per the Sarbanes Oxley ACT of 2002 or SOX. Corporate executives and boards of directors must ensure that these controls are reliable and effective. In addition independent auditors must attest to the adequacy of the internal control system. Companies that fail to comply are subject to fines
Premium Internal control Sarbanes–Oxley Act
Internal Control and Risk Evaluation Accounting Information Systems 542 October 10‚ 2011 Analyze the risks in the systems that your team analyzed An Accounting Information System is an integral part of the new design of Kudler’s computer system. Accountants do not necessarily need to understand completely how computers process data of the accounting application‚ but it is essential for them to understand the flowcharts and documentation that shows how this processing works. The purpose
Premium Internal control Audit Auditing
Chevron fined for Amazon pollution by Ecuador court A court in Ecuador has fined US oil giant Chevron $8.6bn (£5.3bn) for polluting a large part of the country’s Amazon region. The oil firm Texaco‚ which merged with Chevron in 2001‚ was accused of dumping billions of gallons of toxic materials into unlined pits and Amazon rivers. Campaigners say crops were damaged and farm animals killed‚ and that local cancer rates increased. Condemning the ruling as fraudulent‚ Chevron said it would appeal
Premium South America Petroleum Indigenous peoples of the Americas