Corporate Compliance to Risk Management Research Paper

Corporate Compliance to Risk Management - Research Paper Example The framework proposed by COSO helps companies to develop a successful and effective plan which meets the requirements and risk areas stipulated by COSO. The bigger the risk is, the greater is the prospect for gain-and for loss. Risk management plays an important role for a Pre-Paid Phone Cards company allowing management to predict and foresee possible dangers and solutions. Strategic objectives of the risk management plan are to cover all areas of Pre-Paid Phone Cards service and reduce risk situations and their negative impact on the company. Operations objective is to recognize that when a task is being done for the first time, the risk of not achieving budget, schedule, or specification targets is substantial. Also, the nature of new technology is that its development faces more than the usual levels of uncertainty. Reporting objective is to meet the established procedure and report all risk satiations. Compliance objective is to respond effectively to rules and regulations, financial reposting and corporate laws (Broder, 1999). Identify risk. Financial department will routinely scan the organization's internal and external environment to surface risk events that might affect its operations and well-being. Through this process, they develop a good sense of the bad things they might encounter in projects and operations. Examine risk impacts, both qualitative and quantitative. After financial officers develop a sense of the risk events they might encounter in Step 2, systematically determine the consequences associated with their occurrence. Think through hard-to-measure consequences by means of qualitative analysis. Develop risk-handling strategies: Now that financial officers know what risk events they might encounter (Step 2) and the consequences associated with them (Step 3), develop strategies to deal with them. Monitor and control risks. As projects and operations are underway, financial officers need to monitor the organization's disk space to see if untoward events have arisen that need to be handled. If the monitoring effort identifies problems in the process, then steps should be taken to control them.  

ASSIGNMENT Annotated Bibliography Example | Topics and Well Written Essays - 500 words

ASSIGNMENT - Annotated Bibliography Example two years revealed that the students had higher achievements in comprehension reading, vocabulary reading, and computation of mathematics, language expression and better interaction with other students. The handicapped students were more accepted than it was in the tradition school. The gifted students are also seen to perform well than it was before the project. The physically handicapped students are more appreciated by their peers and this helps them to explore their potential. They can do a lot of work and achieve more than their peers who are not handicapped. The author research clearly depicts that cooperation amongst teachers, parent, and children influences positively on the development of the child and their achievement. The author has also pointed out that the physically handicapped students can do well if they are not isolated fro others. There is no difference between the physically challenged student and the normal students when all are treated equally. The research is s ignificantly practical since it use the students as the subject as well as the audience. The second article was looking into the effects of peer collaboration on children arithmetic and self regulated learning skills. Peer collaboration groups were compared using the traditional method and the independent method to assess the changes amongst the children. The progress of the students was determined by their calculations, ability in arithmetic, self regulated learning in mathematics, as well as quantitative concepts. The outcomes of the test reveal hat there is no significant change in assessing between teaching methods when assessing arithmetic in calculation and total. Peer collaboration is effective than independent and traditional work for students’ intrinsic motivation. In the research, the author has concentrated on the interaction of the peers in their studies. Peer groups motivate each other, and most school should adopt group learning systems to motivate their students. The