The development of business activities Essay Example | Topics and Well Written Essays - 2000 words

The development of business activities - Essay Example One of the major obstacles towards the increase of performance of the firm’s stores across the country seems to be the lack of fair and effective performance appraisal methods and reward systems; despite the fact that the performance appraisal methods should be based on the close cooperation between managers and employees (Falcone et al., 2007, 5) in DIY the level of cooperation among employees of different levels seems to be quite low. In fact, the store managers do not particularly interested in communicating with the employees of the store that is under their supervision – rather they are likely to emphasize on the increase of the profitability of the store – an increase of which they are going to be rewarded – through the Performance Related Pay (PRP) scheme applied to all the firm’s stores across Britain. At a next level, employees in DIY do not participate in the procedures related to the appraisal of their performance – even if their p articipation in the relevant schemes is required – as noted in the study of Harrington (2007, 58) where an emphasis is paid to the importance of performance reviews conducted by employees. It should be noted that no training of employees seems to be included in the firm’s current performance management system; training should be offered to employees and refer not only to the aspects of the firm’s performance management system but also to their skills – aiming to increase the employees’ skills and capabilities; such a training scheme would help towards the improvement of employees’ motivation.

Code of Professional Ethics and Conduct Essay Example | Topics and Well Written Essays - 2000 words

Code of Professional Ethics and Conduct - Essay Example Each and every member of AICPA should be aware of the Interpretations, disciplinary actions and code of conduct thereby providing framework to work and provide desired results without affecting the ethical codes. This paper discusses in detail specific rules related to CPA Code of Ethics and Conduct focusing on : Section 102 – Integrity and Objectivity Section 201- Professional Competence Section 202 – Compliance with Standards Section 501 – Acts Discreditable Each section dscusses a separate cases on the expectation of code and its violation, the disciplinary action involved, prospects for AICPA to prevent breach in the above codes and personal viewpoints on disciplinary actions taken. 2. Case for Section 102 – Integrity and Objectivity (James W. Kingery of Lubbock, Texas) ... Discussion The decision taken by AICPA is apt according to the disciplinary procedures as upon misrepresentation of facts and figures of a company, it is the welfare of the end consumer. i.e. the Investor which is being questioned. The investors take their major investment decisions based on the financial statements and other details provided by the company, and this being misrepresented can lead to negative results for the investor thereby leading to huge losses or even closure of funds. Simultaneously, the same situation can arise for the company as it can lead to cooking up books and creating a bubble which can burst at any given point of time creating losses for end number of institutional and retail investors. Hence, a professional CPA appointed by the company has to comply with the standards and norms and it is his responsibility to educate the management about the consequences of misrepresentation of facts, which unfortunately Mr.Kingery failed to implement. Hence, the decisio n taken by AICPA stands to be apt for the unethical behavior of the member. Prospects for AICPA to prevent misrepresentation of facts Create database of companies who have hired CPA’s and perform second line audit activities on a regular basis to ascertain deviations by keeping the CPA framework . A post mortem review by Apex body would be advisable thereby limiting the liability of CPA and minimize the chances of fraudulent practices to arise in the organization. (Mortimer, 2003) 3. Case for Section 201- Professional Competence (Bruno A Fedele, Jenkintown, Pennsylvania) Professional Competence is the ability to perform professional services that is based on professional standards through application of knowledge and skill with proper diligence (Mele, 2005). A CPA member is