Swa chp 47 Research Paper Example | Topics and Well Written Essays - 750 words

Swa chp 47 - Research Paper Example ment of appropriate tools to combat corporate fraud, penalize corporate offenders, and dissuade corporate deception making use of threat of stiffer penalties. The Act minimizes the risk of losses incurred by investors in case of fraud and theft. Additionally, the act encourages fraud reporting by setting aside benefit of reliable financial reporting, transparency, and answerability. Generally, the SOX Act addresses the issue of regulation for public companies and their auditors who are required to confirm organization reports on the efficiency of internal financial control as provided by Section 404. The Act’s aim was to help companies audit their accounts (Protiviti 22-30). Chief Executive Officers (CEOs) and Chief Financial Officers (CFOs) of businesses and accounting firms must verify that company accounts and other financial statements are a true representation of the firms or businesses financial situation. Additionally, the firms and business managements must acknowledge annually that they are accountable of the company’s financial control and that the internal systems involved in company financial control are operational accounts. Additionally, the firms and business must ensure that all the departments fully document every practice that impacts on the financial processes of the organization. Furthermore, the organizations must ensure that all the possible risks of occurrence of fraud or financial mismanagement are identified and that relevant controls to counteract such risks are put in place. The Act holds the company CEOs and CFOs personally responsible for all the information comprised in their firms or business financial statements and systems of internal financial regulator accounts. Section 201 made it illegal for public accounting firms to deliver definite audit services to audit clients. However, the public accounting firms are free to provide other non-audit services if they are but they must be pre-approved by the audit committee. The

W8-IP Project Portfolio management and Project Plan Assignment

W8-IP Project Portfolio management and Project Plan - Assignment Example Frozen Food Company was established to respond to opportunity of a unique and healthy market. The aim of this report is to develop and implement the processes for project portfolio management in the Frozen Food Company. This would allow the company to select the projects that yield maximum profit and are best aligned with the business strategy. The funded projects would enhance the company’s mission of providing the nutritious food to its customers and increasing the living standards of the society. The company also aims at reduction of pollution to maintain and sustain a safe environment both for customers and its employees. 1. Introduction Frozen Food Company, a multi-national company specializing in frozen foods, cereals and tin packed foods, is organized into various strategic business units that are aligned with the corporate business strategy of the company in a fast moving consumer goods sector. The company is maintaining its operations globally with mission of â€Å"c hange and innovation† and has the strategy to develop a new range of products ahead of time before the competitors. The company also aims at reduction of pollution to maintain and sustain a safe environment both for customers and its employees. Frozen Food Company can achieve this through the creation of an effective project portfolio and strategic business units (Kerzner 2010). This study would be conducted in one of the strategic business units of the company to create an effective project portfolio. 2. Aim and Objectives Selection of the right project aligned with the business strategy is an important aspect of the business from the view point of profitability. No organization has unlimited resources and thus it becomes crucial to manage its scarce for optimal utilization to achieve maximum benefit from the operations of its strategic business units. In the given problem scenario, it is essential to analyze the projects and select the most appropriate to create an effective portfolio that is aligned with organizational strategy and maximizes the profitability through optimal utilization of resources (Kerzner 2010) and is the aim of this report. 3. Scope of the Project This project focuses on measuring how the firm will increase its shareholders growth through evaluating the revenue growth, expectations, operating margin and asset efficiency. Focus on the SBU known as Frozen Food Company that specialized in Vegetables & Chicken Cutlets, Chicken Nuggets, Parathas, Chicken Rolls, French Fries and Burger Patties. This scope will be limited in order to focus on the objectives effectively. Following activites would be the part of this project report Recognizing portfolios available in the company Selecting a portfolio Managing the portfolio The above activities will be carried out using the