Here is the synopsis of our sample research paper on RIORDAN MANUFACTURING, PUERTO RICO AND CORPORATE COMPLIANCE. Have the paper e-mailed to you 24/7/365.
Essay / Research Paper Abstract
This 12-page paper presents a corporate compliance plan for Riordan Manufacturing's Puerto Rico branch. Also discussed are various laws in the commonwealth. Bibliography lists 6 sources.
Page Count:
12 pages (~225 words per page)
File: AS43_MTricorcom.rtf
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Unformatted sample text from the term paper:
capabilities that have kept loyal clients returning. The company has facilities in San Jose, CA; Albany, GA, Pontiac, MI and Hang Zhou, China.
What the company is lacking, however, is a formal corporate compliance system. In this paper, well introduce an example of such a system for Riordan to present to its
board of directors, that is based on the Committee of Sponsoring Organizations of the Treadway Commission, better known as COSA. COSO is guidance
provided to companies about everything ranging from fraud, to enterprise risk management, to internal controls. The basic part of any corporate compliance plan using the COSA guidelines is that it
will have sections pertaining to fraud in terms of financial reporting, internal controls that help alleviate the fraud (or at least that catch it when it is occurring), and enterprise
risk management (COSO, 2010). Enterprise risk management, or ERM as its sometimes known, involves methods and processes that businesses use to understand
and manage risks, and to take advantage of opportunities that might come with the risk. ERM is a formalized process that helps a company identify risks and opportunities to help
increase value for stakeholders, including employees, customers and shareholders (as well as society). A solid corporate compliance plan helps ensure that enterprise risk management wont go awry, as it did
during the 2000s when banks were intent on increasing shareholder value, but at the expense of poor lending requirements. These ultimately led to the housing bubble burst which, in turn,
led to the recession and eventual financial meltdown. The goal of a compliance plan for Riordan is to prevent the same thing from happening. CORPORATE COMPLIANCE PLAN
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