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- Select a real case situation. Use one which you either know about already or have identified through research. Select a case(s) of weak regulatory framework which resulted in the demise of a credit institution and do the following: i. Outline and discuss two (2) ways the regulatory bodies’ timely intervention could have prevented such a situation? ii. How effective do you think the response was to such a crisis? ii. Outline and discuss two ways/actions that could have been pursued to further strengthen the regulatory environment?For an enterprise, what does it mean to say it is managing its risks? Describe any 2 ways in which an enterprise can manage risk. What are some of the risks for an enterprise in implementing an EA program? How can these risks be mitigated? In your answer, distinguish between the strategic, long-term view and the operational short-term view from the enterprise's perspective.Some restaurants offer a 10% discount on the payment of bills in cash because they do not have to pay the tax then. Assuming both customers and restaurants are comfortable with such a situation. Do such practices should be permitted or restricted? Explain the reasons and perform an ethical analysis of such situations using at least 2 workable ethical theories. Indicate at least one ethical theory that makes this situation ethical for both parties.
- Suppose your city is debating a change in policy from illegal use to legalizing recreational use of marijuana and cannabis products. Your local officials ask you to identify the appropriate aspects required to perform a cost- benefit analysis of this policy change. Using the principles of cost-benefit analysis, your local officials need help in identifying and understanding the benefits to consumers, the benefits to producers, total costs to consumers, total costs to producers, total costs from possible externalities, opportunity costs, incommensurable effects and intangible effects. For simplicity, dynamic time effects, which involve discount rates, are ignored. Following the principles of cost-benefit analysis, are the possible positive health effects (a positive externality) accounted for in cost-benefit analyses? O No. The health effects do not factor into cost-benefit analysis. O Yes. The health effects should be estimated but are a transfer and thus ultimately do not count…Review the conflict of interest scenarios (parts 1 and 2). Identify the issue and indicate the regulation or best practice principle involved. How should the organization/provider respond to the issue? What should the organization/provider do to prevent future issues or mitigate any future harm/damage to the patient or the organization? The first scenario involves doctors who are financially motivated to prescribe certain medications or treatments, even if they may not be the best option for the patient. These doctors may receive kickbacks or incentives from pharmaceutical companies, leading to a conflict of interest that can compromise the quality of care. the second scenario involves doctors prioritizing their patients' well-being. These doctors strive to provide evidence-based recommendations and treatments that are in the best interest of their patients' health. They prioritize unbiased information and consider the individual needs and circumstances of each patientAssume that you are an industrialist and critically explain the feasibility of the case matters in your business considering the cost concern’s (both advantages and limitations).
- Discuss the comment that, business is charged with making a profit within the rules set down by society and go no further. ie a corporate (or any other organisation) should go no further than meeting the mandatory requirement set down by society otherwise it potentially puts itself at a disadvantage. Hint, think about environmental and employee responsibility as well as responsibility to shareholders, bankers and creditors, as well as future generations.Please assist with a statement of the problem for Economic and Social Consequences of COVID-19 on a small business.READ THE ARTICLE BELOW AND ANSWER THE QUESTIONS THAT FOLLOW:Ernst & Young to Pay $100 Million Penalty for Employees Cheating on CPA EthicsExams and Misleading InvestigationLargest Penalty Ever Imposed by SEC Against an Audit FirmWashington D.C., June 28, 2022The Securities and Exchange Commission today charged Ernst & Young LLP (EY) for cheatingby its audit professionals on exams required to obtain and maintain Certified Public Accountant(CPA) licenses, and for withholding evidence of this misconduct from the SEC’s EnforcementDivision during the Division’s investigation of the matter. EY admits the facts underlying theSEC’s charges and agrees to pay a $100 million penalty and undertake extensive remedialmeasures to fix the firm’s ethical issues.“This action involves breaches of trust by gatekeepers within the gatekeeper entrusted to auditmany of our Nation’s public companies. It’s simply outrageous that the very professionalsresponsible for catching cheating by clients cheated…
- READ THE ARTICLE BELOW AND ANSWER THE QUESTIONS THAT FOLLOW:Ernst & Young to Pay $100 Million Penalty for Employees Cheating on CPA EthicsExams and Misleading InvestigationLargest Penalty Ever Imposed by SEC Against an Audit FirmWashington D.C., June 28, 2022The Securities and Exchange Commission today charged Ernst & Young LLP (EY) for cheatingby its audit professionals on exams required to obtain and maintain Certified Public Accountant(CPA) licenses, and for withholding evidence of this misconduct from the SEC’s EnforcementDivision during the Division’s investigation of the matter. EY admits the facts underlying theSEC’s charges and agrees to pay a $100 million penalty and undertake extensive remedialmeasures to fix the firm’s ethical issues.“This action involves breaches of trust by gatekeepers within the gatekeeper entrusted to auditmany of our Nation’s public companies. It’s simply outrageous that the very professionalsresponsible for catching cheating by clients cheated…7. What is sustainability reporting? How is CSR reporting related potentially to firm performance?1. What is Enterprise Risk Management? 2. What are the type of risk associated with enterprises?