Chapter 14 Case Assignment Instructions Read Chapter 14 Case 1 on page 14-38. Create a Word document, maximum of 1 page, that answers the following question: 1. What attributes are adequately addressed by the observation(s) as presented? As you answer this question, you may want to refer to the Chapter 12 Case Assignment. Please list the portion(s) of the observation(s) that you feel adequately addresses each observation attribute and why you feel that way. If an observation attribute is not adequately addressed, please indicate what would be needed for this attribute to be addressed. CASES CASE 1 Review the engagement observation that fol lows and record the specific information that represents the recommendation and each of the following observation attributes: criteria, condition, cause, and effect. Business Conduct & Ethics (the Code). To ensure all employees are aware of the Code and their obligations under it, Corporation X requires all associates to acknowledge receipt of the Code. A global email was sent to all associates on July 1 informing them of their obligation to read and acknowledge the Code. Associates were instructed to complete and return acknowledgments by December 1. Our audit testing indicated the following relative to the acknowledgment process: As of March 1, fewer than 50 percent of associates had completed and returned acknowledgments. Audit Observation and Recommendation: Corporation X associates are required to abide by the organization's formal Code of obligations to the organization under the Code. Follow-up procedures have not been per- formed by human resources (HR) or depart- ment management to date. There is not a formal policy indicating actions to be taken if and when associates do not return acknowledgments. No disciplinary actions have been taken regarding associates who have not com- pleted acknowledgments of the Code to date. We recommend management enhance the acknowledgement tracking process to ensure all associates acknowledge receipt of, compli- ance with, and understanding of the Code. Policy and procedures need to be developed and implemented to take appropriate action when associates do not respond. Disciplinary action should be taken if associates refuse to complete and return acknowledgments, as required by policy Improving the acknowledgment process will help Corporation X demonstrate compliance with external regulations requiring a Code of Ethics. It will also help to ensure all associ- ates are aware of their responsibilities and Management Response: Associates who have not acknowledged the Code as of March 24 will be sent a reminder Chapter 14 Case Assignment Instructions Read Chapter 14 Case 1 on page 14-38. Create a Word document, maximum of 1 page, that answers the following question: 1. What attributes are adequately addressed by the observation(s) as presented? As you answer this question, you may want to refer to the Chapter 12 Case Assignment. Please list the portion(s) of the observation(s) that you feel adequately addresses each observation attribute and why you feel that way. If an observation attribute is not adequately addressed, please indicate what would be needed for this attribute to be addressed. CASES CASE 1 Review the engagement observation that fol lows and record the specific information that represents the recommendation and each of the following observation attributes: criteria, condition, cause, and effect. Business Conduct & Ethics (the Code). To ensure all employees are aware of the Code and their obligations under it, Corporation X requires all associates to acknowledge receipt of the Code. A global email was sent to all associates on July 1 informing them of their obligation to read and acknowledge the Code. Associates were instructed to complete and return acknowledgments by December 1. Our audit testing indicated the following relative to the acknowledgment process: As of March 1, fewer than 50 percent of associates had completed and returned acknowledgments. Audit Observation and Recommendation: Corporation X associates are required to abide by the organization's formal Code of obligations to the organization under the Code. Follow-up procedures have not been per- formed by human resources (HR) or depart- ment management to date. There is not a formal policy indicating actions to be taken if and when associates do not return acknowledgments. No disciplinary actions have been taken regarding associates who have not com- pleted acknowledgments of the Code to date. We recommend management enhance the acknowledgement tracking process to ensure all associates acknowledge receipt of, compli- ance with, and understanding of the Code. Policy and procedures need to be developed and implemented to take appropriate action when associates do not respond. Disciplinary action should be taken if associates refuse to complete and return acknowledgments, as required by policy Improving the acknowledgment process will help Corporation X demonstrate compliance with external regulations requiring a Code of Ethics. It will also help to ensure all associ- ates are aware of their responsibilities and Management Response: Associates who have not acknowledged the Code as of March 24 will be sent a reminder
